Zalaris ASA
OSE:ZAL

Watchlist Manager
Zalaris ASA Logo
Zalaris ASA
OSE:ZAL
Watchlist
Price: 90.2 NOK -0.22% Market Closed
Market Cap: 2B NOK

Zalaris ASA
Investor Relations

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.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 24, 2025
AI Summary
Q3 2025

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.

Key Financials
Revenue
NOK 375 million
Adjusted EBIT
NOK 47 million
Adjusted EBIT Margin
12.6%
Net Profit
NOK 18.9 million
Net Operating Cash Flow
NOK 10.9 million
Net Interest-Bearing Debt
NOK 245 million
Debt-to-EBITDA Ratio
0.9
LTM Revenue
NOK 1.47 billion
LTM EBIT
NOK 191 million
Recurring Revenue Net Retention Rate
103%
Managed Services Share of Revenue
77%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Hans-Petter Mellerud
Founder & CEO
No Bio Available
Mr. Gunnar Manum
Chief Financial Officer
No Bio Available
Mr. Halvor Leirvåg
Chief Technology Officer
No Bio Available
Mr. Øyvind Reiten
Executive Vice President of Group Commercial & Sales
No Bio Available
Ms. Hilde Karlsmyr
Chief Human Resources Officer
No Bio Available
Mr. Richard E. Schiørn
Executive Vice President of Solution & Delivery - Global Managed Services
No Bio Available
Mr. Balakrishnan Narayanan
Director & EVP of APAC
No Bio Available
Mr. Sami Seikkula
Executive Vice President of Northern Europe
No Bio Available
Peter Martin
Executive Vice President of Central Europe
No Bio Available
Mike Ellis
Executive Vice President of APAC
No Bio Available

Contacts

Address
OSLO
Oslo
PO Box 1053 Hoff
Contacts
+4740003300.0
zalaris.no