Equity research Zinzino: Preview Q2 2026 – Tepid growth with margin expansion

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According to preliminary sales figures, total revenue grew by 17 per cent in Q2 2026, compared with 26 per cent and 46 per cent in Q1 2026 and Q4 2025, respectively. Sales in the period were lower than we had anticipated going into the quarter (we were then looking for some 24 per cent). Despite the slowdown, we expect solid earnings growth on higher sales and improved gross margins. 

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