Key financial figures for Q2:
· Revenue of
· Adjusted EBIT of
· Results for the period of
· Cash of
Continuing positive development in margins and cash
· Proactively and successfully servicing our customers in a challenging Covid-19 environment, the vast majority of team members worked from home. Signed several new agreements and expansions
· Covid-19 resulted in a slow-down in closing new contracts during the quarter. However, the pipeline remains strong, and is expected to grow due to an increased focus on outsourcing and digitalization
· Cost reduction initiatives carried out is having a positive effect on EBIT margins, and has strengthened cash generation. We continue to target 10% EBIT margin
· Based on the current financial performance of the Company the Board will propose a dividend of minimum
Maintaining revenue with zero churn despite Covid-19
"Many of our customers are adjusting headcount and business volumes downward as a result of Covid-19. However, we have maintained overall revenue development through supporting customers with additional services resulting from the pandemic." - says CEO and Founder
"Working from anywhere has become the new normal driving the need for fully digitised people processes. This is the core of what we have been delivering for twenty years.." - Mellerud.
The second quarter webcast will be available through ir.zalaris.com.
Contact:
Mobile: +47 928 97 276
E-mail: hans-petter.mellerud@zalaris.com
Mobil: +47 951 79 190
E-mail: gunnar.manum@zalaris.com
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
https://news.cision.com/zalaris-asa/r/increased-revenue-and-ebit-in-the-second-quarter,c3170328
https://mb.cision.com/Public/18447/3170328/90ff2568b94d429c.pdf
https://mb.cision.com/Public/18447/3170328/b927b21abcda7c0b.pdf
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