Zalaris ASA: All time high revenue and EBIT in first quarter 2024
Zalaris ASA (Zalaris, OSE:ZAL) reported an all-time high revenue and adj. EBIT in the first quarter of 2024 of NOK 318.3 million and NOK 34.8 million respectively, reflecting continued strong underlying fundamentals.
Reported revenue for the quarter was NOK 318.3 million, up 22% from NOK 260.8 million in the same quarter last year.
Adjusted EBIT* increased with 88% to an all-time high of NOK 34.8 million, corresponding to a 10.9% margin for the quarter.
The reported EBIT ended at NOK 33.0 million compared to NOK 12.8 million last year.
Profit for the quarter was NOK 6.4 million, compared to a loss of NOK 25.9 million last year.
“The company grew 22% in the quarter, and almost 18% in constant currency. We are now just shy of being a NOK 1.3 billion annualised revenue company,” says Hans-Petter Mellerud, CEO and founder of Zalaris.
“Our pipeline of new prospects, as well as the opportunity to expand with existing customers into new geographies, has continued to develop positively. Our strengthened brand and leadership position have enabled us to capture a significantly larger share of the relevant large enterprise multi-country opportunities originating out of Europe,” 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 first 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 first quarter 2024 financial report on page 29 to 33.
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.
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