ZALARIS ASA Zalaris ASA (Zalaris , OSE:ZAL) reported an all-time high adj. EBIT in the fourth quarter of 2023 ofNOK 33.4 million , and an adj. EBIT margin of 10.7%, reflecting strong underlying fundamentals. Reported revenue for the quarter wasNOK 312.4 million , up 25% fromNOK 250.6 million in the same quarter last year. Adjusted EBIT* increased with 118% to an all-time high ofNOK 33.4 million , corresponding to a 10.7% margin for the quarter. The reported EBIT ended atNOK 27.1 million compared toNOK 9.7 million last year. Profit for the quarter wasNOK 20.9 million , compared to a loss ofNOK 12.1 million last year. "Through our EBIT-improvement program we have increased earnings significantly, and we have exceeded our targets for the program, with aNOK 55 million increase in EBIT compared to the base-line in the third quarter 2022," saysHans-Petter Mellerud , CEO and founder ofZalaris . "The company grew almost 25% in the quarter, and 13% in constant currency. For the full-year revenue increased by almost 27%. Our sales team has continued delivering on their targets closing aroundNOK 160 million of annual contract value of new agreements and upsell in 2023. This is considerably ahead of closed sales in the same period last year." Mellerud concludes.Zalaris will host a streamed management presentation at08:30 CET today followed by a Q&A session. The webcast will be available on ir.zalaris.com or directly on Teams (https://teams.microsoft.com/l/meetup -join/19%3ameeting_MzRiZjJmYWItY2Q3MC00NTZhLWE0ZWUtOThiY2E1MTc5N2U3%40thread.v2/ 0 ?context=%7B%22Tid%22%3A%22a16eb8e2-803d-4f22-849c -f3f335a60a39%22%2C%22Oid%22%3A%22bf49dddc-8238-4b99-a279 -e3cd579293a1%22%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&bty p e=a&role=a). The presentation of the fourth quarter 2023 financial result and the financial report are enclosed. ·Zalaris ASA Q4 2023 Presentation (https://ir.zalaris.com/wp -content/uploads/sites/3/2024/02/Zalaris-ASA-Q4-2023-Presentation.pdf) ·Zalaris ASA Q4 2023 Report (https://ir.zalaris.com/wp -content/uploads/sites/3/2024/02/Zalaris-ASA-Q4-2023-Report.pdf) * Adjusted EBIT and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section of the fourth quarter 2023 financial report on page 30 to 33. Contact:Hans-Petter Mellerud , CEO and founder Mobile: +47 928 97 276 E-mail: hans-petter.mellerud@zalaris.comGunnar Manum , CFO Mobile: +47 951 79 190 E-mail: gunnar.manum@zalaris.com AboutZalaris Zalaris (OSLO: ZAL) simplifies HR and payroll administration and empower customers with useful information so that they can invest more in people. We are a leading service provider of Human Experience Management (HXM) solutions acrossEurope , serving more than 1.5 million employees with an annual revenue ofNOK 1,131 million (FY 2023). We hold #1 or #2 positions in most of our markets. Our consultants have more than 23 years of experience in transforming HR with our clients. Simplify work life. Achieve more. For more information, go to www.zalaris.com. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.
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