Revenues in the second quarter of 2024 amounted to SEK 507.0 (407.9) million, corresponding to 24% (24%) growth compared to the corresponding period last year. EBITDA increased to SEK 63.0 (53.7) million, and the EBITDA margin amounted to 12.4% (13.2%).
During the quarter, Zinzino acquired the rights to Luxembourg-based Xelliss SA distributor database, inventory and IP assets, acquired 49% of the shares in the Cypriot olive oil producer Cleanthi Alpha-Olenic LTD and signed a letter of intent to acquire the US direct sales company Zurvita INC. In addition, the launch of Serbia was announced as the next step in the global expansion.
APRIL-JUNE
• Total revenue amounted to SEK 507.0 (407.9) million, corresponding to a growth of 24% (24%)
• Gross profit amounted to SEK 174.5 (148.5) million and the gross profit margin amounted to 34.4% (36.4%)
• EBITDA profit amounted to SEK 63.0 (53.7) million and the EBITDA margin amounted to 12.4% (13.2%)
• Cash flow from operating activities amounted to SEK 91.1 (46.3) million
JANUARY-JUNE
• Total revenue amounted to SEK 961.6 (801.6) million, corresponding to a growth of 20% (21%)
• Gross profit amounted to SEK 335.4 (279.2) million, and the gross profit margin amounted to 34.9% (34.8%)
• EBITDA profit amounted to SEK 114.7 (98.1) million,
Tag Archive for Zinzino
Hot Business News Today
Sven & Audrey Goebel Celebrate Milestone Of 40,000 Customer Subscriptions
by Team Business For Home • • 0 Comments
In a remarkable achievement, the Zinzino organization of Sven & Audrey Goebel has reached 40,000 customer subscriptions, marking a significant milestone in their impressive journey. This accomplishment, reached within a mere two-year period, highlights the exponential growth and widespread acceptance of Zinzino’s science-based products.
This translate in about Euro 3+ Million in sales per month / Euro 36+ Million per year and counting.
Starting with:
5,000 subscriptions in July 2022, the team witnessed a rapid surge to
15,000 by July 2023. This momentum has only accelerated, culminating in an impressive,
40,000 subscriptions by July 2024.
This growth not only underscores the effectiveness and affordability of Zinzino’s products but also demonstrates their strong market acceptance.
A substantial 85% of these subscriptions are attributed to real customers outside the Zinzino network, with the remaining 15% subscribed by partners. This distribution underscores the broad appeal and trust Zinzino products have garnered among consumers.
Sven Goebel, Black Ambassador at Zinzino said:
“We are thrilled to have reached this incredible milestone. This achievement is a testament to the efficacy and value of Zinzino’s products, as well as the dedication and hard work of our entire team. We are committed to continuing this growth and reaching new heights.
While our organization is also
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Zinzino Announces Serbia As Next Step In Its Global Expansion
by Team Business For Home • • 0 Comments
Zinzino is pleased to announce that it will launch its operations in Serbia on June 11, 2024. The Balkan region and Southeastern Europe represent a strategic next step in the company’s plan to expand its customer base in the international market. The launch will enable Zinzino’s Independent Partners to continue building locally and growing globally.
Serbia’s strategic location in Southeastern Europe makes it an important hub for banking, trade, and transportation in the region. The launch is expected to stimulate sales growth in Serbia as well as in the surrounding countries in the Balkan region through synergies within the distributor organization.
Market analysis shows that direct selling is popular among Serbian consumers and a natural way of selling for entrepreneurs seeking extra income. Digital commerce is growing rapidly, and more than two-thirds of the Serbian population use social media daily. Social selling combined with Zinzino’s digital toolbox creates favorable conditions for their distributors to reach new customers in Serbia.
Well-executed adaptations to local market conditions have been of utmost importance to Zinzino. Based on previous experiences and insights from several establishment processes over recent years, this groundwork has proven crucial for sustainable success.
In Serbia, the business has been adapted through the implementation of
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Zinzino Acquires European Based Xeliss
by Team Business For Home • • 0 Comments
Zinzino acquires assets in Xeliss – strategic reinforcement in southern Europe and in the microalgae spirulina.
Zinzino, the global health and wellness brand from Scandinavia, has acquired, through a business asset acquisition, the rights to the distributor database and associated customer register, inventory, and intellectual property of the Luxembourg-based direct sales company Xellis.
This is a further strategically important step in Zinzino’s growth plans, focusing on improving personal health and well-being on a global level with innovative biotechnology and a groundbreaking product portfolio marketed through direct sales. Xelliss is a global direct sales company based in Luxembourg. Its brand portfolio offers a range of natural and innovative products in wellness, nutrition, and cosmetics, based on the microalgae spirulina produced in-house.
A visionary mindset, a tech-first approach, test-based nutrition at the cellular level, and a strong position to take advantage of current trends will shape the foundation of the partnership with Xellis.
Since the acquisition of VMA Life in 2020
Enhanzz in 2022
And the strategic cooperation with ACN at the start of 2024
Zinzino has been looking for additional powerful investments to maintain its sustainable, profitable growth, strengthen its distribution power, expand into new markets, and utilize its product portfolio in new consumer areas.
“Individual advising and customized
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Top Networker Stefan Edefors Joins Zinzino
by Team Business For Home • • 0 Comments
Stefan Edefors, a top earner with more than 15 years of experience in the industry, most of them in only one company where he achieved one of the highest ranks and has built a network in Asia, Europe, USA and Latin America, has recently decided to join Zinzino.
Even though Zinzino Headquarters is just a few kilometers away from his home in Sweden, Stefan has recently discovered the new trend of Test-based Nutrition.
“It is always about timing and this is the right moment to be aligned with Zinzino’s vision on inspiring change through personalized nutrition based on not just guessing, but testing. This is my forever home and all I can say is VAMOS CON TODO!”
Stated Stefan Edefors.
“We are proud to have Stefan with us in Zinzino. His values are aligned with ours and we’ll do our outmost to provide a forever home for him and his team here. We are doing our best to attract and maintain good leaders who share our empowering, customer-centric strategy and ambition to create a holistic product experience in our global direct sales community”
Said Dag Bergheim Pettersen, CEO of Zinzino.
About Zinzino
Zinzino AB (publ.) is a global Direct Sales company that markets and sells test-based
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Top Networker Stefan Edefors Se Une A Zinzino
by Team Business For Home • • 0 Comments
Stefan Edefors , one of the leaders with the highest income and with more than 15 years in the industry, most of them in a single company where he reached one of the highest ranks and built an international organization in Asia, USA, Europe and Latin America , has decided to join Zinzino.
Although Zinzino’s headquarters are just a few miles from his home in Sweden, it wasn’t until recently that Stefan discovered the new global trend of Evidence-Based Nutrition.
“Everything in life depends on timing, and this is the right time to join Zinzino, a company with a vision aligned with mine: to inspire change through a personalized nutrition plan based on evidence, not assumptions. This is my forever home and all I can say is GO ALL IN!”
-Stefan Edefors.
“We are proud to have Stefan at Zinzino with us. The values are aligned and we will do everything possible to provide a home for him and all the leaders who join.
We will continue to attract and retain good leaders who want to share our empowering customer-based strategy and ambition to create a holistic global experience with our direct selling community.”
– Dag Bergheim Pettersen, CEO of Zinzino.
The post Top Networker Stefan Edefors
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Zinzino January 2024 Revenue Up 15% To $14 Million
by Team Business For Home • • 0 Comments
According to a Zinzino press release:
Zinzino group revenue increased with a total of 15%, compared with the previous year.
The revenue in January for Zinzino’s sales markets increased by 17% and amounted to SEK 140.2 (120.3) million.
Faun Pharma’s external sales decreased by 11% and amounted to SEK 8.1 (9.1) million.
Overall, the Group increased revenues by 15% to SEK 148.3 (129.4) million compared with the previous year.
About Zinzino
Zinzino AB (publ.) is a global Direct Sales company that markets and sells test-based nutrition, skincare and life-style products. Zinzino owns the research unit BioActive Foods AS and production unit Faun Pharma AS.
Zinzino is based in Gothenburg, with additional offices in Finland, Latvia, Norway, USA, Australia, Hong Kong and Malaysia. Zinzino is a public company and its shares are listed on Nasdaq First North Premier Growth Market. For more informaton please visit www.zinzino.com
The post Zinzino January 2024 Revenue Up 15% To $14 Million appeared first on Direct Selling Facts, Figures and News.
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Zinzino And ACN, Enter A Strategic Partnership In Europe
by Team Business For Home • • 0 Comments
Zinzino and ACN, enter a strategic partnership in Europe, and in connection with it Zinzino carries out a directed new issue of B shares for SEK 10.4 million.
Zinzino, the global health and wellness brand from Scandinavia, has entered into a strategic agreement in Europe to partner with North American ACN, a direct seller of telecommunications, energy, and essential services for homes and businesses, which has decided to wind down its direct selling operations in Europe.
The agreement between the companies includes that Zinzino takes over the rights to ACN’s European distributor database register free of charge, which will in the future be integrated with Zinzino’s existing technical platform.
The strategic partnership for Europe is expected to create growth through the synergies that arise in the joint networks. In connection with the agreement, ACN has expressed a desire to invest USD 1m in Zinzino through its holding company Manna Holdings, LLC (“Manna”).
Strategic Partnership
This is a strategic and important step in Zinzino’s growth plans, focused on improving personal health and wellness on a global level with cutting-edge biotechnology, health testing, and a cutting-edge product portfolio distributed through direct sales.
“A visionary mindset, tech-first perspective, test-based nutrition, and a strong position to capitalize on current
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Zinzino Ranked As Triple AAA+ Opportunity For 2024
by Team Business For Home • • 0 Comments
Zinzino, is a thriving network marketing company, based in Sweden, that markets and sells test-based nutrition, skincare and life-style products.
The company demonstrated its strong foothold in the business in 2022 by generating a revenue of $144 million. What makes Zinzino truly stand out is its generous commission rate – defying the industry standard of 35%, it has reportedly shared a significant 48% of its revenues as commission in 2022.
Despite concerns raised by the Direct Selling Self-Regulatory Council, which recently advised Zinzino to discontinue certain health claims, the network marketing company reported a 24% increase in Q3 revenues, totalling $37 million. Zinzino has reacted positively to the council’s recommendation, pledging to enhance future marketing and advertising practices.
Furthermore, Zinzino continues to attract high-profile network marketing professionals. Recently, Sven and Audrey Goebel reached the esteemed Black Ambassador rank at Zinzino, while Danny and Barbara Wanzeele joined the company, adding their expertise to the company’s already impressive talent pool.
Zinzino in Facts and Figures
In 2022, Zinzino, headed by CEO Dag Bergheim Pettersen and located in Sweden, recorded a substantial revenue of $144 million, which is a 5% difference from the previous year. Out of this, about $69 million could have been used for commission payouts, with the compensation plan accounting for
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Sven And Audrey Goebel Achieve Black Ambassador Rank At Zinzino
by Team Business For Home • • 0 Comments
In 2023, this power couple achieved a new impressive record in their network marketing careers. By September, just two months ago, they already reached Royal Ambassador with a monthly organizational volume close to 3 million Euros and over 20,000 customer subscriptions.
Building on this success, they recently surpassed 30,000 customer subscriptions, gaining more than 10,000 new ones in just two months. An amazing success story for only 20 months in business.
Sven Goebel and Audrey Goebel attribute their success to the collaborative team effort and culture they’ve fostered within their teams, but that also exists throughout the Zinzino world. He emphasizes the well-balanced business model backed by a highly talented and supportive corporate team, that virtually guarantees success with hard work. Over the past three months, they’ve witnessed over 2,000 new rank advancements inside their teams, showcasing significant momentum.
Behind the scenes, substantial effort is invested by them and their leadership, but the focus remains on building and scaling fast. The company’s digital and classical tools are perceived unparalleled in the industry, providing a solid foundation for growth.
The team’s intelligently tailored event structure is highlighted as straightforward, full-scope, easily scalable, and transferrable to other parts of the world, facilitating future expansion. Currently, 80%