Zalando SE
ISIN: DE000ZAL1111
WKN: ZAL111
10 October 2024 05:44PM

EQS-Adhoc: Zalando SE: Zalando SE increases outlook for the financial year 2024 after strong Q3 2024

Zalando SE · ISIN: DE000ZAL1111 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 2006353

EQS-Ad-hoc: Zalando SE / Key word(s): Quarter Results/Change in Forecast
Zalando SE: Zalando SE increases outlook for the financial year 2024 after strong Q3 2024

10-Oct-2024 / 17:44 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Berlin, 10 October 2024 // Zalando SE upgrades its full-year financial outlook as its ecosystem strategy around quality, lifestyle expansion, inspiration and opening up its B2B capabilities enabled the company to benefit from increasing consumer demand in the third quarter amid an industry-wide strong start to the fall/winter season.

For the financial year 2024, the company now expects gross merchandise volume (GMV) to grow between 3% and 5% to 15.1–15.4 billion euros and revenues to grow between 2% and 5% to 10.3–10.7 billion euros. Adjusted EBIT is now expected to come in between 440 and 480 million euros. The company plans capital expenditure (capex) of around 200 million euros.

The company had previously confirmed its outlook for the 2024 financial year on 6 August 2024. Previously, the company expected growth in gross merchandise volume (GMV) and revenue of between 0% and 5% compared to the previous year, adjusted EBIT of between 380 million euros and 450 million euros and capital expenditure (capex) of 250 to 350 million euros.

According to preliminary figures, third quarter gross merchandise volume (GMV) rose by 7.8% from a year earlier to 3.5 billion euros, revenue grew by 5.0% from a year earlier to 2.4 billion euros while adjusted EBIT rose from 23 million in the year-ago period to 93 million euros (average of the company-compiled analyst consensus as of 8 October 2024: 5.7% GMV growth to 3.4 billion euros, 5.2% revenue growth to 2.4 billion euros, and a 59 million euros adjusted EBIT).

Zalando SE will publish its results for the third quarter of 2024 on 5 November 2024.

With regard to the definition of the alternative performance measure “adjusted EBIT”, the company refers to the relevant definition in its Half-Year Report 2024 on page 38 under the heading “3.1 Glossary”, which has been published on the company's website.


Person making the notification: Dr. Martin Bredol, Senior Lead Corporate Law

Investor/Analyst inquiries:
Patrick Kofler
Investor Relations
investor.relations@zalando.de
+49 (0) 30 20968 1584

Media inquiries:
Carolyn Groß
Business & Financial Communications
presse@zalando.de
+49 (0) 151 22189 977


 



End of Inside Information

Information and Explanation of the Issuer to this announcement:

About Zalando

Founded in Berlin in 2008, Zalando is Europe’s leading online multi-brand fashion destination. We are building a pan-European ecosystem for fashion and lifestyle e-commerce, along two growth vectors: Business-to-Consumer (B2C) and Business-to-Business (B2B). In B2C, we provide an inspiring, high-quality multi-brand shopping experience for fashion and lifestyle products to nearly 50 million active customers across 25 markets. In B2B, we leverage our logistics infrastructure, software, and service capabilities to support brands and retailers in managing and scaling their entire e-commerce business, both on and off the Zalando platform. Through our ecosystem vision, Zalando aims to enable positive change in the fashion and lifestyle industry.

https://corporate.zalando.com


10-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Zalando SE
Valeska-Gert-Straße 5
10243 Berlin
Germany
E-mail: investor.relations@zalando.de
Internet: https://corporate.zalando.de
ISIN: DE000ZAL1111
WKN: ZAL111
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2006353

 
End of Announcement EQS News Service

2006353  10-Oct-2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 5.387,90 6.482,50 7.982,00 10.354,00 10.344,80 10.143,10 10.575,00
EBITDA1,2 205,70 360,60 581,50 660,10 393,40 524,90 690,00
EBITDA-Margin3 3,82 5,56 7,29 6,38 3,80 5,18 6,53
EBIT1,4 119,20 165,80 367,00 424,70 81,00 190,90 365,00
EBIT-Margin5 2,21 2,56 4,60 4,10 0,78 1,88 3,45
Net Profit (Loss)1 51,20 99,70 226,10 234,50 16,80 83,00 256,00
Net-Margin6 0,95 1,54 2,83 2,27 0,16 0,82 2,42
Cashflow1,7 212,80 327,20 527,40 616,20 459,90 949,50 0,00
Earnings per share8 0,20 0,39 0,86 0,88 0,06 0,32 0,94
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Ernst & Young

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Zalando
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
ZAL111 DE000ZAL1111 SE 8.706,52 Mio € 01.10.2014 Halten 9F4MGC4R+GF
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
38,81 35,10 1,11 73,15 3,67 9,17 0,86
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
27.05.2025 06.05.2025 06.08.2025 05.11.2024 06.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-0,93%
32,99 €
ATH 105,90 €
+10,25% +27,42% +53,80% +55,54% +53,44%

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