Zalaris ASA (OSL:ZAL)

kr 75 -0.80 (-1.06%) Market Cap: 1.63 Bil Enterprise Value: 1.92 Bil PE Ratio: 30.12 PB Ratio: 5.87 GF Score: 89/100

Q1 2025 Zalaris ASA Earnings Call Transcript

Apr 30, 2025 / 06:30 AM GMT

Release Date Price: kr84.4 (+0.48%)

Transcript

Key Points

Positve

Zalaris ASA (STU:81Y) achieved its 7th consecutive quarter of record-breaking revenues, reaching 370 million, a 16.2% increase compared to the same period last year.
The company's EBIT reached 52.1 million, representing 14.1% of revenue and a 45% increase from the previous year.
Operating cash flow saw a significant boost, reaching 22 million, up from 7 million in the same period last year.
Zalaris ASA (STU:81Y) has a strong sales pipeline with expansions from existing clients and interest from new names, indicating optimism about achieving sales targets.
The company has set new growth targets, aiming to reach 2 billion in revenue by 2028 with an EBIT margin of 13 to 15%.

Negative

Deal signings in managed services started slowly, although a significant Nordic payroll agreement was finalized shortly after the quarter ended.
The increase in personnel expenses due to a year-on-year increase of 190 FTEs contributed to higher costs.
There is a potential for longer decision-making cycles on new projects due to macroeconomic uncertainties.
The adjusted EBIT for Zalaris Consulting was 0.7 million lower than last year due to marginally higher allocation of regional overhead costs.
The company is experiencing increased use of external payroll partners and external hosting, which has led to higher operating expenses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ZAL.OL - Zalaris ASA
Q1 2025 Zalaris ASA Earnings Call
Apr 30, 2025 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. I am Hans Peter Mehrud, the CEO and founder of Solaris. Joining me today for this webcast presentation of Solaris Q1 2025 results is our CFO Yunar Manon. We are using Teams for this purpose and hope that you will find it informative and engaging. You can use the Q&A function to ask questions, which we will answer at the end of the presentation.

Please note that the presentation is being recorded. You can access the recording in the investor section of our website.

First, we look at some of the highlights of the quarter.

As we mark our 25th anniversary, I'm proud to be here wearing the Team Salaris jersey and share Salari's first quarter results for 2025, another remarkable milestone in our journey. In 125,

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