Mrkt BUZZ Zinzino: Important Central Europe continues to deliver

Equity Research Zinzino

Today (April 5, 2023) Zinzino presented preliminary sales figures for March 2023. The group reported revenues of SEK 145m, corresponding to a growth of 12.3%. That was slightly below our forecast of SEK 150m. The deviation is mainly attributable to the Nordic region and the volatile markets in Asia. However, perhaps the most important market, Central Europe, exceeded our expectations with a growth of 59.5% and thus partly compensated for the loss in the Nordic region and Asia.

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