ZAL Zalaris ASA

Edison issues initiation on Zalaris (ZAL): Simplifying HR and payroll solutions

Edison Investment Research Limited
Edison issues initiation on Zalaris (ZAL): Simplifying HR and payroll solutions

13-March-2024 / 13:29 GMT/BST
The issuer is solely responsible for the content of this announcement.

 

London, UK, 13 März 2024

 

Edison issues initiation on Zalaris (ZAL): Simplifying HR and payroll solutions

Zalaris is a leading European provider of comprehensive payroll and HR solutions and services, covering the entire employee lifecycle. The company’s proprietary platform PeopleHub is tailored towards multinational corporations or large and complex single-country projects, the more attractive end of the business process outsourcing (BPO) market. Due to long-term relationships with customers and a low churn rate, the company has an improving financial profile with good revenue momentum as well as visibility due to a large proportion of recurring revenues in the mix. Margin initiatives are starting to bear fruit, which should drive further cash generation and returns.

Zalaris should continue to grow as it renews contracts with existing customers and wins new business in geographies where it is currently underrepresented relative to the market size. Our DCF-based valuation of NOK87.1 per share reflects a conservative mid-term growth rate and EBIT margin, representing a good level of upside from the current share price. 

to view the full report.

All reports published by Edison are available to download free of charge from its website

About Edison: As a content-led investor-relations business, Edison helps companies stand out and meet the right shareholders. Edison’s integrated investor relations solution combines expert analyst content, digital targeting and active investor engagement. This drives liquidity and valuations by building bigger, better informed and more engaged investor audiences globally.

Edison has a proven history of increasing liquidity and valuations for its clients. Edison’s content can be viewed by all investors, anywhere in the world.

Edison is authorised and regulated by the .

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Milo Bussell +44 (0)20 3077 5700

Dan Ridsdale +44 (0)20 3077 5700

Learn more at and connect with Edison on: 

LinkedIn 

Twitter  

YouTube 


Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service

1858111  13-March-2024 

fncls.ssp?fn=show_t_gif&application_id=1858111&application_name=news&site_id=research_pool
EN
13/03/2024

Underlying

ZALZalaris ASA

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Zalaris ASA

Richard Williamson
  • Richard Williamson
ZAL ZALARIS ASA

Zalaris - Another quarter of records

Zalaris delivered its 11th consecutive quarter of revenue growth in Q324, alongside record quarterly revenue and profitability. Contract momentum continues with both existing clients and new contracts, resulting in a net retention rate within Managed Services of 108%. Zalaris has made good progress towards its mid-term adjusted EBIT margin target of 12–15%, with a 17.9% margin in the Managed Services business boosting group margins to 10.9% (Q323: 8.5%). The enhanced profitability has been drive...

10/25/24 October 25, 2024 1 EN
ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Njål Kleiven
10/24/24 October 24, 2024 1 EN
ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Njål Kleiven
10/24/24 October 24, 2024 1 EN
Richard Williamson
  • Richard Williamson
ZAL ZALARIS ASA

Zalaris - Tenth consecutive quarter of revenue growth

Zalaris delivered a tenth consecutive quarter of year-on-year revenue growth in Q224 to another record of NOK323m. The company continued to win new business as well as renegotiating contracts with existing customers to bring them onto the PeopleHub platform. Low churn also contributed to a net retention rate within Managed Services of 106%. Adjusted EBIT margins improved as the first Asia-Pacific contribution and cost efficiencies offset lower year-on-year margins in both Managed Services and Pr...

08/23/24 August 23, 2024 1 EN
ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Njål Kleiven
08/22/24 August 22, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch