Latest news with #NasdaqFirstNorthPremierGrowthMarket
Business Wire
4 days ago
- Business
- Business Wire
Kanaan Sellers Group Prepares for Nasdaq Nordic Listing
BASEL, Switzerland--(BUSINESS WIRE)--Kanaan Sellers Group ('Kanaan'), a leading European eCommerce aggregator focused on kitchen, home, and outdoor living brands, announces its intention to go public on the Nasdaq First North Premier Growth Market later this year, targeting a valuation around Euro 40mn in early Q4. Founded by former Goldman Sachs Director Mike Vermeulen, Kanaan has built a robust and profitable business model in a challenging eCommerce environment. In an industry that has seen significant transformation including consolidation and shifts in strategies among aggregators, Kanaan has achieved profitable, sustainable growth by acquiring, operating, and scaling high-margin, niche consumer brands. Kanaan's focused and capital-efficient approach – favouring equity financing over venture debt for its initial acquisition phase – has proven to be a winning strategy. Backed by Infinitas Capital, a next-gen single-family office led by Robin Lauber, Kanaan has grown to manage 12 brands across nine European markets, generating seven figure EBITDA in 2024. Kanaan runs a well-diversified product portfolio with over 400 SKUs sold across all major platforms – including Amazon, Otto and Galaxus – while its proprietary direct-to-consumer channels are driving growth and customer engagement. Kanaan has plans to expand beyond Europe into the UK and the US. Mike Vermeulen, CEO and Co-Founder of Kanaan Sellers Group, said: 'Over the past three years, we have built a business that not only withstands a challenging market but does so profitably. In a frequently maligned sector, we have emerged as a standout performer. What sets us apart is our disciplined approach to capital allocation and acquisitions, even during market highs; best-in-class working capital financing; and an experienced team of professionals in finance, supply chain, and e-commerce. This is an opportune moment in the market, where high quality brands are available at extremely attractive valuations, and we have a proven business model to scale them. 'A Nasdaq Nordic listing would reflect both the strength of our European operations and the appeal of the region's diverse and engaged investors. It marks the next step in our growth and will provide a strong capital base to accelerate expansion.' Kanaan's agile and opportunistic approach capitalises on the unique post-pandemic window of opportunity. This ability to act quickly in a buyer's market has allowed Kanaan to acquire quality, founder-led brands at compelling valuations. Kanaan's flagship brand, Springlane, demonstrates the company's value creation strategy. A multi-category kitchen brand active in six countries, Springlane continues to contribute substantially towards overall revenues. It is a true multi-channel business, and direct-to-consumer channels are supported by original content and a loyal customer base. It is a case in point of Kanaan's ability to scale and integrate acquisitions, and serves as a repeatable blueprint for future growth. The proposed IPO will provide growth capital and increased market visibility, strengthening Kanaan's ability to acquire and partner with founder-led business. As the global eCommerce retail market continues its upward trajectory, expected to reach $6.5 trillion by 2028, Kanaan is uniquely positioned to lead value-driven consolidation across a fragmented and undervalued sector. 'We are extremely proud to support Kanaan Sellers Group as they continue to demonstrate their ability to create lasting value. Mike and the team have built a profitable growth engine, driven by a clear strategy of identifying value, executing quickly, and integrating effectively. As they prepare to enter the public markets, we look forward to their continued success as they lead the next wave of eCommerce consolidation.'
Yahoo
20-05-2025
- Business
- Yahoo
ZINZINO AB (PUBL.): INTERIM REPORT FIRST QUARTER 2025
GOTHENBURG, Sweden, May 20, 2025 /PRNewswire/ -- STRONG SALES GROWTH AND INCREASED EARNINGS IN THE FIRST QUARTER Revenues in the first quarter of 2025 amounted to SEK 723.7 (454.5) million, corresponding to 59% (15%) growth compared to the corresponding period last year. In local currencies, revenues for the first quarter increased by 60% compared to the corresponding period last year. EBITDA increased to SEK 78.8 (51.7) million and the EBITDA margin amounted to 10.9% (11.4%). During the quarter, the acquisition of Zurvita's assets with associated distributor and customer database was completed. The acquisition consolidates Zinzino's position in North America and adds further growth in the region. In addition, New Zealand was launched as an official market during the quarter. After the end of the quarter, the assets of the US/UK based direct sales company Valentus Global was acquired in order to add increased distribution power in Europe. JANUARY-MARCH - Total revenue amounted to SEK 723.7 (454.5) million, corresponding to a growth of 59% (15%)- Gross profit amounted to SEK 223.6 (160.9) million and the gross profit margin was 30.9% (35.4%)- EBITDA amounted to SEK 78.8 (51.7) million and the EBITDA margin was 10.9% (11.4%)- Cash flow from operating activities totalled SEK 21.1 (-1.7) million- Zinzino's Board of Directors proposes a dividend to shareholders of SEK 4.00 (3.00) per share for the financial year 2024, corresponding to a total of SEK 143.1 (102.7) million Link to the report: For more information, please contact:Dag Bergheim Pettersen CEO Zinzino +47 (0) 932 25 700, dag@ Nielsen CFO Zinzino +46 (0) 707 900 174, Images for free publication:marketing@ Certified Adviser: DNB Carnegie Investment Bank AB Zinzino AB (publ.) is obliged to publish this information in compliance with current EU regulations governing market abuse. The information was provided by the above contact person for publication at 10:00 CEST on 20 May 2025. Zinzino is a global direct selling company from Scandinavia specialising in test-based, personalised supplements and scientific skincare. It is a public limited company with shares listed on Nasdaq First North Premier Growth Market. The company's scientifically proven supplements are available in more than 100 markets worldwide. Zinzino has acquired all the assets of the US health and wellness companies Zurvita and Xelliss. The company is part-owner of the Cypriot olive oil manufacturer Cleanthi Alpha-Olenic LTD and owns the Swiss biotech skincare brand HANZZ+HEIDII, as well as the Norwegian research and production units BioActive Foods AS and Faun Pharma AS. The company is headquartered in Gothenburg, Sweden, with additional offices in Europe, Asia and Australia. View original content: SOURCE Zinzino
Yahoo
23-04-2025
- Business
- Yahoo
Invitation to Physitrack PLC Q1 2025 Interim Report Webcast Conference
LONDON, GB / / April 23, 2025 / Physitrack PLC (STO:PTRK) - The global digital healthcare provider Physitrack PLC (PTRK) plans to publish its Q1 2025 interim report on April 30, 2025, at 08.00 CET. A webcast conference will take place at 15.00 CET. Physitrack PLC's Q1 2025 interim report will be published in English and will be available at Webcast conference:April 30, 2025, at 15.00 CET . The presentation will be held in English and will be available on after the webcast conference. Speakers:Henrik Molin, CEOMatt Poulter, Interim CFO Link to webcast registration: Participants will be able to ask questions via Zoom's Q&A function. Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ About Physitrack Physitrack PLC, founded in 2012, is a global digital healthcare provider, focused on the B2B wellness and virtual-first care markets. With staff with 12 nationalities on four continents, customers in 17 time zones, and end users in 187 countries, Physitrack is a truly global company. The company has two business lines:1. Lifecare - SaaS platform tailored mainly to physiotherapy and musculoskeletal care, enabling practitioners to deliver clinical home exercises, education prescription, outcomes tracking, triaging and Telehealth.2. Wellness / Champion Health - SaaS platform for Employee Wellness and care powered by a combination of world-leading technology and wellness professionals based in the United Kingdom, Germany and the Nordics. Physitrack PLC is headquartered in London, United Kingdom, and listed on Nasdaq First North Premier Growth Market (PTRK). Visit us athttps:// (investor relations) (product marketing) About Champion Health Champion Health, a subsidiary of Physitrack Plc, is a leader in corporate wellness technology, providing an innovative platform that empowers businesses to support their employees' well-being through personalised wellness action plans and advanced analytics. Visit us athttps:// Attachments Invitation to Physitrack PLC Q1 2025 interim report webcast conference SOURCE: Physitrack PLC View the original press release on ACCESS Newswire
Yahoo
11-04-2025
- Business
- Yahoo
Raketech Publishes its Annual Report 2024
TRIQ I-IMSIDA IL-GZIRA, MT / / April 11, 2025 / Raketech (STO:RAKE) As of today, April 11, 2025, the Annual Report 2024 for Raketech Group Holding Plc is available on the company website: For more information, please contact: investor@ About Raketech Group Raketech is a leading online affiliate and content marketing company, with expertise in delivering comparison services for sports and gaming, online guides, communities, and social media products. Raketech guides sports and gaming enthusiasts to the best possible services, while also delivering high-quality traffic and leads to its partners. Raketech grows both organically and via acquisitions and operates its business in accordance with a clear framework for responsible affiliate marketing services. The company's shares are listed in Nasdaq First North Premier Growth Market with ticker RAKE. Carnegie Investment Bank AB (publ) is the company's Certified Adviser. For more information, visit Attachments Raketech Annual Report 2024 SOURCE: Raketech View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
07-04-2025
- Business
- Yahoo
Physitrack PLC Adjusts its Financial Calendar - Earlier Publication of Interim Reports 2025
LONDON, GB / / April 7, 2025 / Physitrack PLC (STO:PTRK) - Physitrack PLC has adjusted its previously communicated financial calendar for 2025. The date for publication of the Q1 interim report has been changed from 13 May 2025 to 30 April 2025. Updated financial calendar30 April 2025 - Interim report Q1 (1 Jan 2025 - 31 March 2025) - new date27 June 2025 - Annual General Meeting31 July 2025 - Interim report Q2 (1 Jan 2025 - 30 June 2025) - new date31 October 2025 - Interim report Q3 (1 Jan 2025 - 30 Sep 2025) - new date28 February 2026 - Interim Report Q4 and Year-end-report (1 Jan 2025 - 31 Dec 2025) The updated financial calendar is also available on the company's website: Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ About Physitrack Physitrack PLC, founded in 2012, is a global digital healthcare provider, focused on the B2B wellness and virtual-first care markets. With staff with 12 nationalities on four continents, customers in 17 time zones, and end users in 187 countries, Physitrack is a truly global company. The company has two business lines:1. Lifecare - SaaS platform tailored mainly to physiotherapy and musculoskeletal care, enabling practitioners to deliver clinical home exercises, education prescription, outcomes tracking, triaging and Telehealth.2. Wellness / Champion Health - SaaS platform for Employee Wellness and care powered by a combination of world-leading technology and wellness professionals based in the United Kingdom, Germany and the Nordics. Physitrack PLC is headquartered in London, United Kingdom, and listed on Nasdaq First North Premier Growth Market (PTRK). Visit us athttps:// (investor relations) (product marketing) About Champion Health Champion Health, a subsidiary of Physitrack Plc, is a leader in corporate wellness technology, providing an innovative platform that empowers businesses to support their employees' well-being through personalised wellness action plans and advanced analytics. Visit us athttps:// Attachments Physitrack PLC adjusts its financial calendar - earlier publication of interim reports 2025 SOURCE: Physitrack PLC View the original press release on ACCESS Newswire
