Zalaris ASA
OSE:ZAL
Zalaris ASA
Zalaris ASA engages in the provision of technology and human capital management and payroll services. The company is headquartered in Oslo, Oslo. The company went IPO on 2014-06-19. The company provides business process outsourcing (BPO) services within human resources (HR) and payroll processing. Its offering is divided in four areas: payroll and HR outsourcing, comprising employee data management, time and absence processing, payroll solutions, compensation administration, and a range of cloud-based services for payroll processing; talent management, including solutions for competency management, performance reviews, learning, succession planning and recruiting; solutions for reporting and analysis of HR performance; and consulting in the areas of training and competence, application maintenance and operational services. Additionally, it provides implementation methodology. Zalaris ASA also operates as SAP BPO and human capital management partner, as well as provides consulting for SuccessFactors. The company operates in Norway, Denmark, Sweden, Finland, Estonia, Latvia, Lithuania, Poland and the United Kingdom.
Zalaris ASA engages in the provision of technology and human capital management and payroll services. The company is headquartered in Oslo, Oslo. The company went IPO on 2014-06-19. The company provides business process outsourcing (BPO) services within human resources (HR) and payroll processing. Its offering is divided in four areas: payroll and HR outsourcing, comprising employee data management, time and absence processing, payroll solutions, compensation administration, and a range of cloud-based services for payroll processing; talent management, including solutions for competency management, performance reviews, learning, succession planning and recruiting; solutions for reporting and analysis of HR performance; and consulting in the areas of training and competence, application maintenance and operational services. Additionally, it provides implementation methodology. Zalaris ASA also operates as SAP BPO and human capital management partner, as well as provides consulting for SuccessFactors. The company operates in Norway, Denmark, Sweden, Finland, Estonia, Latvia, Lithuania, Poland and the United Kingdom.
Record Revenue: Zalaris delivered its highest-ever quarterly revenue of NOK 375 million in Q3, up 10.3% year-over-year, showcasing strong organic growth.
Profitability Surge: Adjusted EBIT reached NOK 47 million, up 27% from last year, resulting in a Q3 margin of 12.6%, the company's strongest to date.
Strong Managed Services: Managed Services accounted for 77% of total revenue, growing 14% year-over-year with broad-based gains across all regions.
Financial Flexibility: The company secured a EUR 40 million revolving credit facility, expected to reduce annual interest expenses by NOK 16–18 million and improve flexibility.
Long-Term SAP Partnership: Zalaris renewed its strategic partnership with SAP, migrating to S/4 HANA Cloud, with platform support secured through 2040.
Positive Outlook: Management raised its ambition to NOK 2 billion in annualized revenue and a 13–15% EBIT margin by Q4 '28, expecting recurring revenue share to exceed 80%.
Consulting Segment Update: Consulting revenue grew only 1%, with APAC gains offset by declines in Germany and Poland, but management sees this as temporary.
