Zalaris ASA: Revenue growth and EBIT improvements continued in second quarter 2024
Zalaris ASA (Zalaris, OSE:ZAL) reported an all-time high revenue in the second quarter of 2024 of NOK 323.2 million and adj. EBIT increased to NOK 28.4 million.
Reported revenue for the quarter was NOK 323.2 million, up 15% from NOK 281.2 million in the same quarter last year.
Adjusted EBIT* increased by 41% to NOK 28.4 million, corresponding to a 8.8% margin for the quarter.
The reported EBIT ended at NOK 12.3 million compared to NOK 10.0 million last year.
Profit for the quarter was NOK 5.3 million, compared to a loss of NOK 11.3 million last year.
“With NOK 642 million in revenue and NOK 63 million of adjusted EBIT we delivered our best first half year ever, growing revenue 18% and adj. EBIT 63% from the same period last year” says Hans-Petter Mellerud, CEO and founder of Zalaris.
“In Q2, we formalised our improvement activities in Germany as a program, targeting about NOK 40 million improvement in EBIT over the next 24-months, with approximately NOK 30 million expected to be realised over the next 12 months” 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 second 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 second quarter 2024 financial report on page 30 to 32.
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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