Equity research Zinzino: Europe is driving growth
5 Jul 2023
On July 5, Zinzino presented preliminary sales figures for June 2023. At a group level, revenues of SEK 136.3 million were reported, of which Zinzino had sales of SEK 127.9 million and Faun Pharma had sales of SEK 8.4 million. The group’s growth amounted to 18.2%. The outcome for July was better than our forecast of SEK 129.8 million, corresponding to an increase of 12.6%. The deviation is also this month attributable to Southern & Western Europe, which grew by as much as 68.2% and important Central Europe, which grew by a substantial 46.7%.
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