Zalaris

ZALARIS: 2014 second quarter results

Zalaris continues strong growth

In its first quarterly report after the stock

exchange listing, Zalaris delivers a revenue growth

of 21% compared to the same quarter in 2013.

Zalaris, a leading provider of payroll and HR

services, continued to show strong growth in both the

second quarter and the first half of 2014. In the

second quarter revenues totaled NOK 71 million, a

growth of 21% compared to Q2 2013. The improvement

was a result of the company signing contracts with

several new customers, as well as high loyalty within

the existing customer base.

Third quarter will be the starting point for a five

year contract with Statoil. Zalaris will provide a

number of services to more than 23.000 Statoil

employees.

The Zalaris listing at the Oslo Stock Exchange on

June 20 was one of the many highlights in the past

quarter.

"As a listed company we have climbed up to another

level. We believe many opportunities will present

itself as a result of this, also when it comes to

attracting new customers. We have told our story to

the investor market: Zalaris is a company with loyal

customers and high growth prospects. We are ready to

deliver on this", says Hans-Petter Mellerud, CEO and

founder of Zalaris.

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