Equity research Zinzino: February sales above our expectations

Today, Zinzino presented preliminary sales figures for February 2024. For the group, reported revenues amounted to approx. SEK 148m, corresponding to a growth of approx. 25% on an annual basis. Our expectation for revenue in February was approx. SEK 135m and the outcome was thus approx. 10% above our expectation. The deviation is attributable to the major markets, Europe, and North America.

2024 is a leap year, which added a weekday that probably affected the February figures positively. This year, 2024, Easter falls in March. In 2023, Easter was in April. This could possibly have a negative impact on the March sales figures.

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