Continued growth in 2015
Annual revenue up 14.6%, reaching NOK 374 million, with 9.1%
EBIT.
Earnings per share nearly tripled to NOK 1.11 compared to
fiscal 2014.
Zalaris, a leading provider of payroll and HR services,
generated solid results for its 2015 fiscal year, continuing to
advance the financial performance. The company grew sales 14.6%
to NOK 374 million and EBIT of NOK 33.8 million (9.1%) for the
period, which ended 31, December 2015. Earnings per share
nearly tripled to NOK 1.11 from 0.38 in 2014.
"The results for 2015 show continued strong growth for Zalaris.
In addition, we experience a promising potential in the Nordic
and European markets for outsourced HR services", says Hans-
Petter Mellerud, Zalaris CEO and founder.
Fourth-quarter revenues decreased 2.8% to NOK 94.6 million
compared to fourth quarter 2014, with a corresponding EBIT of
NOK 8.9 million (9.4%). 2015 EBIT came in at the lower end of
Zalaris' targeted range as the company focused on expanding its
business pipeline.
"Although growth was somewhat below our expectations, we see
ample opportunities ahead. We have intentions ultimately to
establish a more pan-European presence. This includes further
strengthening internal delivery capability as well as exploring
partnership possibilities", says Mr. Mellerud.
In addition to providing strategic HR guidance and
comprehensive cloud-based human capital management innovations,
Zalaris offers multi country mobile enabled payroll, time and
travel expense solutions to companies in Northern Europe. The
company's new service center located in Chennai in India,
provides many other advantages and already represents 13% of
the company's total service and support hours.
"This ramp-up parallels headcount reductions in Zalaris' Nordic
service centers, where corresponding cost savings are planned
to take effect beginning in Q2 2016", says Mellerud.
Zalaris' operations serve more than 190,000 employees today,
including some of the largest companies in the Nordic region.
The total number of employees covered by Zalaris solutions was
10.5% higher at the end of the fourth quarter compared to the
same period in 2014. Generally tougher economic conditions work
in Zalaris' favor as companies look to reduce costs and
increase efficiency. However, Zalaris also experiences that
some potential new clients are postponing their decisions.
Among key Q4 wins, one of Zalaris' largest customers expanded
its existing agreement to include SAP's SuccessFactors, a cloud
based human capital management solution, for their 32,500
employees. SuccessFactors enables Zalaris to deliver an even
broader range of strategic HR services.
Contact
Hans-Petter Mellerud, CEO and founder
Mobile: +47 928 97 276
E-mail: hans-petter.mellerud@zalaris.com
Nina Stemshaug, CFO
Mobile: +47 982 60 394
E-mail: nina.stemshaug@zalaris.com
About Zalaris
Zalaris excels in delivering comprehensive cloud-
based HR and payroll services. The company is
certified as a SAP Business Process Outsourcing
(BPO) Partner and is a leading SAP Human Capital
Management (HCM) and SuccessFactors consulting
partner. Founded in 2000, Zalaris today operates in
Denmark, Estonia, Finland, India, Latvia, Lithuania,
Norway, Poland and Sweden, including local-language
service centers with extensive expertise in HR-
related laws and regulations. Learn more about
Zalaris at www.zalaris.com