The transaction will generate net cash proceeds of approximately NOK 29 million, following the repayment of debt and other charges relating to the sale. The transaction will result in a net profit of approximately NOK 11 million and will be completed in Q1 2024.
“Coming out of Covid, we want to make it more attractive for our team members to come to work as we see big benefits in terms of building a common culture and facilitating great teamwork from working more physically together. We have thus contracted new modern facilities, sized to our current needs, in the Leipzig city center near the train station, shops, and restaurants.” says Hans-Petter Mellerud, CEO and founder of Zalaris.
“Selling our office building also reflects our strengthened focus on effective capital allocation and will further improve our cash balance.” says Gunnar Manum, CFO Zalaris.
Contact:
Hans-Petter Mellerud, CEO and founder
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
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 1,069 million (LTM Q3 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.