Zalaris ASA: All time high revenue and adj. EBIT in third quarter 2024
Zalaris ASA (Zalaris, OSE:ZAL) reported an all-time high revenue and adjusted EBIT in the third quarter of 2024 of NOK 339.7 million and NOK 37.0 million respectively.
Reported revenue for the quarter was NOK 339.7 million, up 22% from NOK 278.2 million in the same quarter last year.
Adjusted EBIT* increased by 56% to NOK 37.0 million, corresponding to a 10.9% margin for the quarter.
The reported EBIT ended at NOK 31.1 million compared to NOK 15.4 million last year.
Profit for the quarter was NOK 8.3 million, compared to a loss of NOK 13.4 million last year.
“With NOK 340 million in revenue and NOK 37 million of adjusted EBIT we delivered our best quarter ever, growing revenue 22% and adj. EBIT 56% compared with the same period last year” says Hans-Petter Mellerud, CEO and founder of Zalaris.
“UNSTOPPABLE” - the title of the 2024 Zalaris Norseman Film doubles as the characteristic of #teamZalaris’ journey to deliver on our target of being a NOK 1.5 billion company with 12-15% adj. EBIT by 2026. With NOK 980 million in revenue and NOK 100 million of adj. EBIT – 10.2% – year to date, we are well underway to deliver on our financial targets for 2024” Mellerud concludes.
Zalaris will host a streamed management presentation at 08:30 CET today followed by a Q&A session. The webcast will be available on ir.zalaris.com or directly on Teams.
The presentation of the third quarter 2024 financial result and the financial report are enclosed.
* Adjusted EBIT and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section of the third quarter 2024 financial report on page 28 to 30.
Contact:
Hans-Petter Mellerud, CEO
Mobile: +47 928 97 276
E-mail: hans-petter.mellerud@zalaris.com
Gunnar Manum, CFO
Mobile: +47 951 79 190
E-mail: gunnar.manum@zalaris.com
About
Zalaris (OSLO: ZAL) simplifies HR and payroll administration and empower customers with useful information so that they can invest more in people. We are a leading service provider of Human Experience Management (HXM) solutions across Europe, serving more than 1.5 million employees with an annual revenue of NOK 1,131 million (FY 2023). We hold #1 or #2 positions in most of our markets. Our consultants have more than 23 years of experience in transforming HR with our clients. Simplify work life. Achieve more. For more information, go to www.zalaris.com.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.