EQS-News: Zalando Sees Strong Sports Growth, Expands Quality Assortment, Invests in AI-powered Inspiration and Records Double-Digit B2B Growth to Deliver Higher Profitability and Accelerating Sales in Q2
EQS-News: Zalando SE
/ Key word(s): Quarter Results/Half Year Results
Zalando Sees Strong Sports Growth, Expands Quality Assortment, Invests in AI-powered Inspiration and Records Double-Digit B2B Growth to Deliver Higher Profitability and Accelerating Sales in Q2
Gross merchandise volume (GMV) rose 2.8% to 3.8 billion euros in the second quarter compared with a year ago. Revenue grew 3.4% to 2.6 billion euros compared to the prior-year period. Adjusted earnings before interest and taxes (adjusted EBIT) rose to 171.6 million euros in the second quarter, in line with market expectations, compared to 144.8 million euros a year earlier. The improvement in profitability was driven by successful inventory management and lower fulfilment costs, with the EBIT margin increasing 0.8 percentage points to 6.5% of revenue. Zalando confirms its full-year guidance for 2024 and expects both GMV and revenue to grow 0% to 5% this year compared to 2023. The company will continue to focus on profitable growth, with continued margin progression. Adjusted EBIT is expected to be between 380 million euros and 450 million euros. Revenue in the B2C growth vector rose 2.8% to 2.4 billion euros in the second quarter compared with a year ago, while adjusted EBIT rose to 165.2 million euros, representing an adjusted EBIT margin of 6.8% in the quarter. B2B: ZEOS expands its reach In B2B, Zalando is opening up its logistics infrastructure, software and service capabilities to be a key enabler for e-commerce transactions of brands and retailers, regardless whether they take place on or off the Zalando platform. In the second quarter, ZEOS enabled Switzerland as a new market, bringing the total to 12 and added a new shopping club as a sales channel. Zalando’s Supervisory Board also announced today that it reappointed Dr. Astrid Arndt as Chief People Officer for another four-year term, starting September 1, 2024. Dr. Astrid Arndt now has a broader remit, with the additional mandate of strengthening Zalando’s corporate functions to enable the effective execution of Zalando’s ecosystem strategy. The Supervisory Board also expressed its profound gratitude to Chief Financial Officer Dr. Sandra Dembeck, who decided not to renew her contract beyond her current term which ends on February 28, 2025, as she is embracing a new career opportunity. The Q2 2024 financial report, as well as the earnings presentation for analysts and investors, is available on the Zalando Investor Relations website. Zalando will report the results for the third quarter 2024 on November 5, 2024. (end) Zalando at a glance
*Definitions are available in the Annual Report 2023
About Zalando Founded in Berlin in 2008, Zalando is building the leading pan-European ecosystem for fashion and lifestyle e-commerce around two growth vectors: Business-to-Consumer (B2C) and Business-to-Business (B2B). In B2C, we offer an inspiring and quality multi-brand shopping experience for fashion and lifestyle products to about 50 million active customers in 25 markets. In B2B, we are using our logistics infrastructure, software and service capabilities to help brands and retailers run and scale their entire e-commerce business, on or off Zalando. As an ecosystem, Zalando aims to enable positive change for the fashion and lifestyle industry.
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06.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
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: | 1961391 |
End of News | EQS News Service |
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1961391 06.08.2024 CET/CEST
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 |
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
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INVESTOR-INFORMATION | ||||||
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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 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
0,00 | 0,00 | 0,00 | 0,00% |
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 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
+10,25% | +27,42% | +53,80% | +55,54% | +53,44% |
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