Zalaris ASA (OSL:ZAL)

kr 71 1 (1.43%) Market Cap: 1.54 Bil Enterprise Value: 1.90 Bil PE Ratio: 40.10 PB Ratio: 6.20 GF Score: 81/100

Q3 2024 Zalaris ASA Earnings Call Transcript

Oct 24, 2024 / 06:30AM GMT

Release Date Price: kr72 (+4.96%)

Transcript

Hans;Petter Mellerud

Zalaris ASA - Chief Executive Officer

Good morning. I am Hans-Petter Mellerud, the CEO and Founder of Zalaris. Joining me today for this webcast presentation of Zalaris' Q3 2024 results is our CFO, Gunnar Manum. We are using Teams for this purpose and hope that you will find it informative and engaging. (Operator Instructions) Please note that the presentation is being recorded. You can access the recording in the Investors section of our website.

First, we'll look at some of the highlights of the quarter. In Q3 2024, Team Zalaris delivered its fifth consecutive quarter of all-time high revenues, reaching NOK340 million an increase from NOK278 million in Q3 of last year. This signifies a 22% year-on-year growth in action and 19% in constant currency. We are now almost at NOK1.4 billion in annualized revenue, well ahead of our target of becoming a NOK1.5 billion company by 2026 as defined as an aspiration just a year ago. EBIT stood at 10.9% amounting to NOK37 million, which is a 55% increase from NOK23.6 million in the same period last year.

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