Zalaris

Management Reports • Apr 2, 2024

Zalaris initiating strategic review process

Zalaris initiating strategic review process

(Oslo, 2 April 2024) Zalaris ASA (Zalaris, OSE:ZAL), a global provider of outsourced payroll and HR services, today announces that the Board of Directors has resolved to initiate a strategic review process.

The purpose of the strategic review is to evaluate structures and opportunities that could accelerate the company’s growth and further enhance customer and shareholder value.

ABG Sundal Collier has been appointed as financial advisor.

Zalaris has for several years successfully accelerated the growth of the portfolio of large agreements for global payroll and HR services to leading international enterprises. The company delivered a growth of 27% in 2023 and the year-end annualized revenue exceeded NOK 1.2 billion, with a majority of recurring revenue.

There can be no certainty whether or when any initiative, event, or transaction will materialize.

Contact:

Hans-Petter Mellerud, CEO

Mobile: +47 928 97 276

E-mail: hans-petter.mellerud@zalaris.com

Gunnar Manum, CFO

Mobile: +47 951 79 190

E-mail: gunnar.manum@zalaris.com

About

Zalaris (OSLO: ZAL) simplifies HR and payroll administration and empower customers with useful information so that they can invest more in people. We are a leading service provider of Human Experience Management (HXM) solutions across Europe, serving more than 1.5 million employees with an annual revenue of NOK 1,131 million (FY 2023). We hold #1 or #2 positions in most of our markets. Our consultants have more than 23 years of experience in transforming HR with our clients. Simplify work life. Achieve more. For more information, go to www.zalaris.com.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act.