Associated equity: Zalaris
Edison Investment Research has terminated coverage on Zalaris (ZAL). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.
Zalaris — 3 videos in collection
Zalaris is an Oslo-listed leading provider of comprehensive payroll and HR solutions and services that cover the entire employee lifecycle. The company operates in 17 countries across the Nordics, DACH region, the UK and Ireland and Asia-Pacific, serving over 1.5 million employees every month across all its HR solutions.
In our first interview with founder and CEO Hans-Petter Mellerud, he begins by introducing the company and discussing the two business verticals, Managed Services and Professional Services. He explains Zalaris’ positioning within the growth markets of business process outsourcing and human capital management. Hans-Petter goes on to discuss the partnership with SAP, which is key to the business model. He provides an overview of the recent FY23 results and discusses the strategy to hit the stated adjusted EBIT target of 12–15% by FY26. He also discusses some of the recent contract wins and the scope of work involved.