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Record half-year results for Zalaris

Press Release   •   Aug 20, 2015 08:00 BST

Zalaris delivers a revenue growth of 28 % in the year’s first six months compared to the same period last year. This year’s first half is thus the strongest ever for the company.

Zalaris, a leading provider of payroll and HR services, continues to deliver strong quarterly results. In the second quarter, the company sees a revenue increase in all segment areas, resulting in overall revenue to grow 29.9 per cent compared to Q2 2014 – to NOK 92.3 million. The first half EBIT was 10.0 %.

“Our team has worked hard to deliver values for our customers and our shareholders. We continue to see improvements and positive developments across our organization and are leveraging the positive spirit created by our first 12 months as a listed company on the Oslo Stock Exchange”, says Hans-Petter Mellerud, CEO and founder of Zalaris.

Zalaris is serving more than 170,000 employees with its payroll and HR services, including for some of the largest companies in the Nordic region. In June, the service delivery to TeliaSonera in Norway started after a successful project delivered on time. Also the preparations for service deliveries to a Swedish Global Fortune 500 company with approximately 20’000 employees that was signed in January, is progressing according to plan. Target goes live in January 2016.

“We continue to see strong interest in our cloud solutions offering. Our investments in business development capacity are starting to pay off in terms of increased interest from potential new customers for our products and services, as well as geographic and scope extensions of existing customers”, Mellerud comments.

Mellerud finds it particularly satisfying to report that Zalaris has been selected by one of the most well-known Norwegian state owned companies to provide a full suite of cloud based services. The intention is to sign the contract in Q3 2015.

Zalaris 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.

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