ZINZINO AB (PUBL): PRELIMINARY SALES REPORT FEBRUARY 2020
Strong sales growth during February; Zinzino group revenue increased with a total of 63%, compared with the previous year.
The revenue in February for Zinzino's sales markets increased by 67% to SEK 72.3 (43.3) million due to strong growth foremost in Central Europe. Faun Pharma's external sales increased by 10% and amounted to SEK 3.2 (2.9) million. Overall the Group increased revenues by 63% to SEK 75.5 (46.2) million compared with the previous year.
Accumulated revenue for January – February 2020 increased by 53% to SEK 161.6 (105.9) million.
Revenues distributed as follows:
|Regions, SEK million||Feb 2020||Feb 2019||Change||YTD 2020||YTD 2019||Change|
|Europe Other Markets||33.9||11.6||192%||69.7||26.3||165%|
The sales figures are prepared according to IFRS. Adjustment for IFRS 15, income from customers has affected comparative figures.
For more information:
Dag Bergheim Pettersen CEO Zinzino +47 (0) 932 25 700, zinzino.com
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Zinzino AB (publ) is obliged to publish this information in compliance with current EU regulations governing market abuse. The information was provided by the above contact person for publication at 11:00 the 6th of March 2020.
Zinzino AB (publ.) is a global Direct Sales company that markets and sells test-based nutrition, skincare and life-style products. Zinzino owns the Norwegian company BioActive Foods AS and the research and production unit Faun Pharma AS. Zinzino is based in Gothenburg, with additional offices in Helsinki, Riga, Oslo, Florida and Adelaide. Zinzino is a public company and its shares are listed on Nasdaq First North.