2026 Q2 - tulosraportti
49 päivää sitten
‧21 min
6,00 SEK/osake
Viimeisin osinko
4,60%Tuotto/v
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 7 | - | - | ||
| 36 | - | - | ||
| 36 | - | - | ||
| 12 | - | - | ||
| 18 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 17.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 25.8. | ||
2026 Q1 - tulosraportti 22.5. | ||
2025 Q4 - tulosraportti 2.3. | ||
2025 Q3 - tulosraportti 19.11.2025 | ||
2025 Q2 - tulosraportti 29.8.2025 |
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
·1 päivä sitten · MuokattuInteresting and informative interview with Zinzinos CEO, Dag Bergheim Pettersen. He talks about, among other things, that: - Market winners reinvest on average 1.7 times more than the average in their sector, and that Zinzino today reinvests approx. 3 times more in IT, markets and product development. - 1 billion EUR in revenue (more than 10 billion SEK) is the target within 3–4 years, which will correspond to a tripling of the current revenue, earnings and dividend potential. - The long-term vision is to become number 1 in the industry. Link to the interview: http://www.youtube.com/watch?v=CUSiTGBGE-g These are ambitious and strong signals to send, but when looking at Zinzinos historical development in recent years, it actually seems like a natural continuation of their scalable business model. I look forward to being part of the journey in the coming years.
Looking at several years together for Zinzino, it looks like patience pays off. Not always easy to understand short-term fluctuations in the share price, but this company has the potential to become one of the very largest companies in its category. Then 1 billion EUR is probably one step along the way. With some sensible acquisitions and continued organic growth, such a goal can be reached in 3-4 years. The question is probably more who will hold out, and be a shareholder at that time. I am in.
·7.10.Zinzino – when a growth company is priced like a low-growth company I think it is worth taking a sober look at the figures in Zinzino. This is not a company that has suddenly had one good year – the growth has been built over a long period. Just since 2017, net sales have gone from approx. 495 MSEK to 3.17 billion SEK in 2025, while profitability has improved significantly. At the current share price around 130 SEK, the company is priced at approximately: P/E R12: 11.7x EV/EBIT: 7.8x R12 revenue growth: +32.9 % EBIT margin: 15.4 % R12 earnings: approx. 423 MSEK Cash: approx. 842 MSEK Dividend: 6 SEK / approx. 4.6 % dividend yield The special thing is the combination. Zinzino is still growing at double digits, margins are at historically high levels, the balance sheet is strong and the cash flow is good – but at the same time, the stock trades at a multiple often associated with mature companies with low or no growth. Historically, Zinzino has been priced significantly higher: P/E was, for example, 16.6x in 2023, 24.9x in 2024 and 18.4x in 2025. Now it is around 11.7x, while the EBIT margin is higher than before. Even if earnings were to drop 20 %, today's price would still only correspond to roughly a P/E of 14.7x. That says a lot about how much weaker a development the market is already pricing in. The risk is of course acquisitions, dilution, the direct-selling model and how much of the growth is organic. But if Zinzino continues to deliver 15–20 % growth and margins around the current level, I find it hard to argue that the current valuation is demanding. To me, this looks more like a quality stock priced as if the growth is about to disappear. That is precisely why the case is starting to get very interesting.Enig! Et nøgle mere der understøtter den lave prissætning/kurs: Når man renser for pengetanken og ser på EV i forhold til en 2026-omsætning på ca. 4 mia. SEK, handles Zinzinos tocifrede vækst, stærke pengestrømme og stigende marginer til en P/S på bare 1,15. Selskaber med tocifret vækst og stærke marginer som Zinzino har typisk en P/S på 2,0 eller højere. Hvor mange andre vækstselskaber er afhængige af risikabel gæld, dyre kapitaludvidelser eller usikre opkøb for at vokse, står Zinzino i en helt anden klasse. Med en gældsfri balance og en massiv pengetank har selskabet de finansielle muskler til at stå fuldstændig stærkt på egen hånd. Samtidig bliver den ofte misforståede direct-selling-model her udnyttet som det, den er: en ekstremt kapitaleffektiv vækstmotor, der leverer tårnhøje marginer og pengestrøm. Det er i grunden en moderne hybrid DTC-tilgang – et relationsopbyggende health-tech- og e-commerce-selskab med forudsigelige, tilbagevendende abonnementsindtægter, som traditionelle virksomheder kun kan drømme om. Allerede i dag er der et fuldstændig uholdbart gab mellem de stærke nøgletal og den nuværende, sovende kurs – og jo længere selskabet bliver ved med at levere, jo sværere bliver det vel for markedet at ignorere.
·7.10. · MuokattuWhat does it actually take for ZinZino to get a "correct" valuation? There is regular growth quarter after quarter, year after year....., what does it take for the market to value this? Is there anyone with good insight into such things, what is the driver for such companies if not financial soundness, steadily increasing turnover, and increased market share?Appearances are not deceiving when it comes to the numbers: The business is booming, but the market "sleeps". There are probably not many stable companies that are undervalued to the same extent as Zinzino. The problem is likely the classic First North syndrome: The order book is too thin, and the large institutions/investors have a hard time getting in here on First North. An uplisting, or the board using the cash reserve to send a massive signal via dividend, could potentially change the sentiment. Better storytelling aimed at increasing interest in the case can increase awareness of the stock and the number of buyers. This appears to be a task for the board, which must also have an interest in a higher share price. The mathematics and earnings will surely win in the long run, but that requires patience.- ·5.10. · Muokattu18%+ for Q3 is good. With roughly the same growth in Q4, the full year ends at SEK 4.0 bn in revenue and in my spreadsheet EBITDA ends at SEK 625 m. and net income at SEK 425 m. (up from SEK 324 m. +40%). With good momentum in Central Europe, North America and Asia, this promises very well for 2027+. The dividend next summer could thus end at SEK 9.0 per share, as the cash position is solid+.@CasinoRoyal: My estimates are broadly in line with yours. Due to ZZ's war chest, which is continuously growing, I believe that the dividend could land higher than SEK 9 per share, and that ZZ is using a higher dividend to signal to the market that the share warrants a somewhat higher price.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 55 162 | 55 162 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 55 162 | 55 162 | 0 | 0 |
2026 Q2 - tulosraportti
49 päivää sitten
‧21 min
6,00 SEK/osake
Viimeisin osinko
4,60%Tuotto/v
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·1 päivä sitten · MuokattuInteresting and informative interview with Zinzinos CEO, Dag Bergheim Pettersen. He talks about, among other things, that: - Market winners reinvest on average 1.7 times more than the average in their sector, and that Zinzino today reinvests approx. 3 times more in IT, markets and product development. - 1 billion EUR in revenue (more than 10 billion SEK) is the target within 3–4 years, which will correspond to a tripling of the current revenue, earnings and dividend potential. - The long-term vision is to become number 1 in the industry. Link to the interview: http://www.youtube.com/watch?v=CUSiTGBGE-g These are ambitious and strong signals to send, but when looking at Zinzinos historical development in recent years, it actually seems like a natural continuation of their scalable business model. I look forward to being part of the journey in the coming years.Looking at several years together for Zinzino, it looks like patience pays off. Not always easy to understand short-term fluctuations in the share price, but this company has the potential to become one of the very largest companies in its category. Then 1 billion EUR is probably one step along the way. With some sensible acquisitions and continued organic growth, such a goal can be reached in 3-4 years. The question is probably more who will hold out, and be a shareholder at that time. I am in.
- ·7.10.Zinzino – when a growth company is priced like a low-growth company I think it is worth taking a sober look at the figures in Zinzino. This is not a company that has suddenly had one good year – the growth has been built over a long period. Just since 2017, net sales have gone from approx. 495 MSEK to 3.17 billion SEK in 2025, while profitability has improved significantly. At the current share price around 130 SEK, the company is priced at approximately: P/E R12: 11.7x EV/EBIT: 7.8x R12 revenue growth: +32.9 % EBIT margin: 15.4 % R12 earnings: approx. 423 MSEK Cash: approx. 842 MSEK Dividend: 6 SEK / approx. 4.6 % dividend yield The special thing is the combination. Zinzino is still growing at double digits, margins are at historically high levels, the balance sheet is strong and the cash flow is good – but at the same time, the stock trades at a multiple often associated with mature companies with low or no growth. Historically, Zinzino has been priced significantly higher: P/E was, for example, 16.6x in 2023, 24.9x in 2024 and 18.4x in 2025. Now it is around 11.7x, while the EBIT margin is higher than before. Even if earnings were to drop 20 %, today's price would still only correspond to roughly a P/E of 14.7x. That says a lot about how much weaker a development the market is already pricing in. The risk is of course acquisitions, dilution, the direct-selling model and how much of the growth is organic. But if Zinzino continues to deliver 15–20 % growth and margins around the current level, I find it hard to argue that the current valuation is demanding. To me, this looks more like a quality stock priced as if the growth is about to disappear. That is precisely why the case is starting to get very interesting.Enig! Et nøgle mere der understøtter den lave prissætning/kurs: Når man renser for pengetanken og ser på EV i forhold til en 2026-omsætning på ca. 4 mia. SEK, handles Zinzinos tocifrede vækst, stærke pengestrømme og stigende marginer til en P/S på bare 1,15. Selskaber med tocifret vækst og stærke marginer som Zinzino har typisk en P/S på 2,0 eller højere. Hvor mange andre vækstselskaber er afhængige af risikabel gæld, dyre kapitaludvidelser eller usikre opkøb for at vokse, står Zinzino i en helt anden klasse. Med en gældsfri balance og en massiv pengetank har selskabet de finansielle muskler til at stå fuldstændig stærkt på egen hånd. Samtidig bliver den ofte misforståede direct-selling-model her udnyttet som det, den er: en ekstremt kapitaleffektiv vækstmotor, der leverer tårnhøje marginer og pengestrøm. Det er i grunden en moderne hybrid DTC-tilgang – et relationsopbyggende health-tech- og e-commerce-selskab med forudsigelige, tilbagevendende abonnementsindtægter, som traditionelle virksomheder kun kan drømme om. Allerede i dag er der et fuldstændig uholdbart gab mellem de stærke nøgletal og den nuværende, sovende kurs – og jo længere selskabet bliver ved med at levere, jo sværere bliver det vel for markedet at ignorere.
- ·7.10. · MuokattuWhat does it actually take for ZinZino to get a "correct" valuation? There is regular growth quarter after quarter, year after year....., what does it take for the market to value this? Is there anyone with good insight into such things, what is the driver for such companies if not financial soundness, steadily increasing turnover, and increased market share?Appearances are not deceiving when it comes to the numbers: The business is booming, but the market "sleeps". There are probably not many stable companies that are undervalued to the same extent as Zinzino. The problem is likely the classic First North syndrome: The order book is too thin, and the large institutions/investors have a hard time getting in here on First North. An uplisting, or the board using the cash reserve to send a massive signal via dividend, could potentially change the sentiment. Better storytelling aimed at increasing interest in the case can increase awareness of the stock and the number of buyers. This appears to be a task for the board, which must also have an interest in a higher share price. The mathematics and earnings will surely win in the long run, but that requires patience.
- ·5.10. · Muokattu18%+ for Q3 is good. With roughly the same growth in Q4, the full year ends at SEK 4.0 bn in revenue and in my spreadsheet EBITDA ends at SEK 625 m. and net income at SEK 425 m. (up from SEK 324 m. +40%). With good momentum in Central Europe, North America and Asia, this promises very well for 2027+. The dividend next summer could thus end at SEK 9.0 per share, as the cash position is solid+.@CasinoRoyal: My estimates are broadly in line with yours. Due to ZZ's war chest, which is continuously growing, I believe that the dividend could land higher than SEK 9 per share, and that ZZ is using a higher dividend to signal to the market that the share warrants a somewhat higher price.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 7 | - | - | ||
| 36 | - | - | ||
| 36 | - | - | ||
| 12 | - | - | ||
| 18 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 17.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 25.8. | ||
2026 Q1 - tulosraportti 22.5. | ||
2025 Q4 - tulosraportti 2.3. | ||
2025 Q3 - tulosraportti 19.11.2025 | ||
2025 Q2 - tulosraportti 29.8.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 55 162 | 55 162 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 55 162 | 55 162 | 0 | 0 |
2026 Q2 - tulosraportti
49 päivää sitten
‧21 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 17.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 25.8. | ||
2026 Q1 - tulosraportti 22.5. | ||
2025 Q4 - tulosraportti 2.3. | ||
2025 Q3 - tulosraportti 19.11.2025 | ||
2025 Q2 - tulosraportti 29.8.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
6,00 SEK/osake
Viimeisin osinko
4,60%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·1 päivä sitten · MuokattuInteresting and informative interview with Zinzinos CEO, Dag Bergheim Pettersen. He talks about, among other things, that: - Market winners reinvest on average 1.7 times more than the average in their sector, and that Zinzino today reinvests approx. 3 times more in IT, markets and product development. - 1 billion EUR in revenue (more than 10 billion SEK) is the target within 3–4 years, which will correspond to a tripling of the current revenue, earnings and dividend potential. - The long-term vision is to become number 1 in the industry. Link to the interview: http://www.youtube.com/watch?v=CUSiTGBGE-g These are ambitious and strong signals to send, but when looking at Zinzinos historical development in recent years, it actually seems like a natural continuation of their scalable business model. I look forward to being part of the journey in the coming years.Looking at several years together for Zinzino, it looks like patience pays off. Not always easy to understand short-term fluctuations in the share price, but this company has the potential to become one of the very largest companies in its category. Then 1 billion EUR is probably one step along the way. With some sensible acquisitions and continued organic growth, such a goal can be reached in 3-4 years. The question is probably more who will hold out, and be a shareholder at that time. I am in.
- ·7.10.Zinzino – when a growth company is priced like a low-growth company I think it is worth taking a sober look at the figures in Zinzino. This is not a company that has suddenly had one good year – the growth has been built over a long period. Just since 2017, net sales have gone from approx. 495 MSEK to 3.17 billion SEK in 2025, while profitability has improved significantly. At the current share price around 130 SEK, the company is priced at approximately: P/E R12: 11.7x EV/EBIT: 7.8x R12 revenue growth: +32.9 % EBIT margin: 15.4 % R12 earnings: approx. 423 MSEK Cash: approx. 842 MSEK Dividend: 6 SEK / approx. 4.6 % dividend yield The special thing is the combination. Zinzino is still growing at double digits, margins are at historically high levels, the balance sheet is strong and the cash flow is good – but at the same time, the stock trades at a multiple often associated with mature companies with low or no growth. Historically, Zinzino has been priced significantly higher: P/E was, for example, 16.6x in 2023, 24.9x in 2024 and 18.4x in 2025. Now it is around 11.7x, while the EBIT margin is higher than before. Even if earnings were to drop 20 %, today's price would still only correspond to roughly a P/E of 14.7x. That says a lot about how much weaker a development the market is already pricing in. The risk is of course acquisitions, dilution, the direct-selling model and how much of the growth is organic. But if Zinzino continues to deliver 15–20 % growth and margins around the current level, I find it hard to argue that the current valuation is demanding. To me, this looks more like a quality stock priced as if the growth is about to disappear. That is precisely why the case is starting to get very interesting.Enig! Et nøgle mere der understøtter den lave prissætning/kurs: Når man renser for pengetanken og ser på EV i forhold til en 2026-omsætning på ca. 4 mia. SEK, handles Zinzinos tocifrede vækst, stærke pengestrømme og stigende marginer til en P/S på bare 1,15. Selskaber med tocifret vækst og stærke marginer som Zinzino har typisk en P/S på 2,0 eller højere. Hvor mange andre vækstselskaber er afhængige af risikabel gæld, dyre kapitaludvidelser eller usikre opkøb for at vokse, står Zinzino i en helt anden klasse. Med en gældsfri balance og en massiv pengetank har selskabet de finansielle muskler til at stå fuldstændig stærkt på egen hånd. Samtidig bliver den ofte misforståede direct-selling-model her udnyttet som det, den er: en ekstremt kapitaleffektiv vækstmotor, der leverer tårnhøje marginer og pengestrøm. Det er i grunden en moderne hybrid DTC-tilgang – et relationsopbyggende health-tech- og e-commerce-selskab med forudsigelige, tilbagevendende abonnementsindtægter, som traditionelle virksomheder kun kan drømme om. Allerede i dag er der et fuldstændig uholdbart gab mellem de stærke nøgletal og den nuværende, sovende kurs – og jo længere selskabet bliver ved med at levere, jo sværere bliver det vel for markedet at ignorere.
- ·7.10. · MuokattuWhat does it actually take for ZinZino to get a "correct" valuation? There is regular growth quarter after quarter, year after year....., what does it take for the market to value this? Is there anyone with good insight into such things, what is the driver for such companies if not financial soundness, steadily increasing turnover, and increased market share?Appearances are not deceiving when it comes to the numbers: The business is booming, but the market "sleeps". There are probably not many stable companies that are undervalued to the same extent as Zinzino. The problem is likely the classic First North syndrome: The order book is too thin, and the large institutions/investors have a hard time getting in here on First North. An uplisting, or the board using the cash reserve to send a massive signal via dividend, could potentially change the sentiment. Better storytelling aimed at increasing interest in the case can increase awareness of the stock and the number of buyers. This appears to be a task for the board, which must also have an interest in a higher share price. The mathematics and earnings will surely win in the long run, but that requires patience.
- ·5.10. · Muokattu18%+ for Q3 is good. With roughly the same growth in Q4, the full year ends at SEK 4.0 bn in revenue and in my spreadsheet EBITDA ends at SEK 625 m. and net income at SEK 425 m. (up from SEK 324 m. +40%). With good momentum in Central Europe, North America and Asia, this promises very well for 2027+. The dividend next summer could thus end at SEK 9.0 per share, as the cash position is solid+.@CasinoRoyal: My estimates are broadly in line with yours. Due to ZZ's war chest, which is continuously growing, I believe that the dividend could land higher than SEK 9 per share, and that ZZ is using a higher dividend to signal to the market that the share warrants a somewhat higher price.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 7 | - | - | ||
| 36 | - | - | ||
| 36 | - | - | ||
| 12 | - | - | ||
| 18 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 55 162 | 55 162 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 55 162 | 55 162 | 0 | 0 |