Swedish health technology company Zinzino AB reported an 18% year-over-year increase in second-quarter revenue, driven by margin expansion and cost efficiencies.
The company recorded revenue of SEK 351.3 million, while gross profit totaled SEK 351.3 million, reflecting a gross margin of 37.5%. EBITDA rose to SEK 153.1 million, equating to a margin of 16.3%, up from 10.0% in the prior-year period. The improvement was attributed to higher gross margins, disciplined cost control, and increased economies of scale.
Zinzino also marked its entry into Colombia during the quarter, establishing a new official market in South America. The company introduced an AI-driven customer support tool aimed at enhancing operational efficiency.
Shares of Zinzino (ticker: ZZb) closed 3.56% lower at SEK 135.60 on August 24, following the earnings release.
Zinzino did not provide specific guidance for future quarters or the full year.
