ZINZINO AB (PUBL): INTERIM REPORT THIRD QUARTER 2023

GOING TOWARDS RECORD RESULTS IN 2023 AFTER ANOTHER VERY STRONG QUARTER

The total revenues during the third quarter of 2023 amounted to SEK 436.9 (349.9) million, which corresponded to 25% (12%) growth compared to the corresponding quarter of the previous year. The EBITDA result increased to SEK 71.2 (25.4) million for the quarter and the EBITDA margin increased to 16.3% (7.3%). As before, behind the margin improvement are primarily changes in the sales mix, efficiencies and economies of scale. During the quarter, a very successful sales launch was carried out in Mexico and BalanceTest no. 1,000,000 were analyzed at Vita's laboratory in Oslo, Norway. Given the good development, the board maintains its full-year forecast, which indicates that 2023 will be a record year.

JULY-SEPTEMBER
• The total revenues amounted to SEK 436.9 (349.9) million, which corresponded to a growth of 25% (12%)
• The gross profit amounted to SEK 166.9 (110.9) million and the gross profit margin amounted to 38.2% (31.7%)
• EBITDA amounted to 71.2 (25.4) mSEK and the EBITDA margin amounted to 16.3% (7.3%)
• Cash flow from current operations amounted to SEK 104.4 (23.6) million

JANUARY-SEPTEMBER
• The total revenues amounted to SEK 1,238.5 (1,013.8) million, which corresponded to a growth of 22% (5%)
• The gross profit amounted to SEK 446.1 (315.7) million and the gross profit margin amounted to 36.0% (31.1%)
• EBITDA amounted to SEK 169.3 (71.2) million and the EBITDA margin amounted to 13.7% (7.0%)
• Cash flow from current operations amounted to SEK 215.7 (35.2) million
• Cash and cash equivalents on the balance sheet date amounted to SEK 298.7 (163.7) million

Link to the report:
https://www.zinzino.com/site/SE/sv-SE/om-oss/investerare/

For more information please contact :
Dag Bergheim Pettersen CEO Zinzino +47 (0) 932 25 700, email: dag@zinzino.com
Fredrik Nielsen CFO Zinzino +46 707 900 174, email: fredrik.nielsen@zinzino.com

Images for free publication :
marketing@zinzino.com

Certified Adviser: Erik Penser Bank Aktiebolag.

This information is information that Zinzino AB (publ) is obliged to make public according to the EU's market abuse regulation. The information was provided by the above contact person for publication at 08.00 on 16 November 2023.

Zinzino is a global direct sales company from Scandinavia specializing in test-based, personalized nutrition and scientific skincare. It is a public limited company with its shares listed on Nasdaq First North Premier Growth Market. Their scientifically proven nutritional supplements are available on more than 100 markets across the world. Zinzino owns the Swiss, biotech skincare brand HANZZ+HEIDII, as well as the Norwegian research and production units BioActive Foods AS and Faun Pharma AS. The company headquarters is in Gothenburg, Sweden with additional offices in Europe, Asia, the US and Australia.