Swedish direct-to-consumer health supplement company Zinzino AB posted mixed second-quarter results for 2026, with revenue narrowly beating analyst forecasts while earnings per share missed projections.
The company reported revenue of $936.8 million for Q2 2026, exceeding expectations of $935.0 million by $1.8 million, or 0.2%. Sales growth accelerated to 18% in reported currency and 23% in local currencies, following 22% growth in the first half of the year. Operating margins reached approximately 16% in H1 2026, well above the long-term target of 11%, while EBITDA nearly doubled year-over-year. Cash reserves exceeded SEK 800 million, with the company maintaining more cash than debt on its balance sheet.
Earnings per share came in at $2.12, missing the $2.44 forecast by 13.1%, or $0.32 per share. Zinzino, which has paid dividends for 13 consecutive years, reiterated its policy of distributing at least 50% of group net earnings, subject to liquidity and equity ratios.
The company’s recent acquisition of It Works! is expected to contribute around SEK 400 million in total revenue, including organic growth. Management highlighted August, September, and October as high-sales seasons, though comparisons against prior periods remain challenging.
Shares of Zinzino rose 10.18% in pre-market trading to $149.40, up from a prior close of $135.60. The stock is trading 37% above its 52-week low of $109.20 but remains 31% below its 52-week high of $216.00.
CEO Dag Bergheim Pettersen noted that while the company achieved hyper-growth of approximately 50% in the prior year, sustaining such momentum is difficult. He emphasized the company’s ability to deliver margins above long-term targets and maintain a balanced approach to growth and shareholder returns through consistent dividend payments.
Management reaffirmed its full-year 2026 growth target of around 20%, with expected results ranging between 19% and 22%. Over the next three years, Zinzino expects average growth of 20%, with Pettersen stating the company may push for even higher figures.
