Income Statement Zalando SE

Equities

ZAL

DE000ZAL1111

Internet Services

Real-time Estimate Tradegate Other stock markets 15:10:32 06/03/2026 GMT			5-day change	1st Jan Change
20.38 ^EUR	0.00%		-1.69%	-19.49%

02:06pm	Calendar Monday March 9 - Friday March 13	FW
11:34am	Diary-Germany corporate earnings week ahead	RE

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Published financial data: ZALANDO SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	7.98B	10.35B	10.34B	10.14B	10.57B
Total Revenues	7.98B	10.35B	10.34B	10.14B	10.57B
Cost of Goods Sold, Total	4.55B	6.03B	6.29B	6.21B	6.27B
Gross Profit	3.43B	4.33B	4.06B	3.93B	4.3B
Selling General & Admin Expenses, Total	3.04B	3.92B	3.99B	3.7B	3.91B
Other Operating Expenses	-8M	-7.7M	-13M	5.5M	-800K
Other Operating Expenses, Total	3.03B	3.92B	3.97B	3.71B	3.91B
Operating Income	407M	411M	81M	223M	392M
Interest Expense, Total	-58.2M	-59.3M	-62.7M	-85.6M	-93.4M
Interest And Investment Income	16.1M	4.2M	8.6M	46.5M	75.7M
Net Interest Expenses	-42.1M	-55.1M	-54.1M	-39.1M	-17.7M
Income (Loss) On Equity Invest.	100K	-	-	-	-
Currency Exchange Gains (Loss)	-2.1M	-13.4M	13.1M	7M	-8.7M
Other Non Operating Income (Expenses)	-4.4M	-2.1M	-1.2M	-5.9M	2.5M
EBT, Excl. Unusual Items	359M	341M	38.8M	185M	368M
Restructuring Charges	-	-	-	-32.4M	-
Asset Writedown	-40.2M	-	-	-	-
Other Unusual Items	-	13.6M	-	-	-
EBT, Incl. Unusual Items	318M	354M	38.8M	153M	368M
Income Tax Expense	92.4M	120M	22M	69.9M	117M
Earnings From Continuing Operations	226M	234M	16.8M	83M	251M
Net Income to Company	226M	234M	16.8M	83M	251M
Minority Interest	-	-	-	-	-
Net Income - (IS)	226M	234M	16.8M	83M	251M
Net Income to Common Incl Extra Items	226M	234M	16.8M	83M	251M
Net Income to Common Excl. Extra Items	226M	234M	16.8M	83M	251M
Per Share Items
Net EPS - Basic	0.9	0.91	0.07	0.32	0.97
Basic EPS - Continuing Operations	0.9	0.91	0.07	0.32	0.97
Basic Weighted Average Shares Outstanding	250M	258M	258M	260M	259M
Net EPS - Diluted	0.86	0.88	0.06	0.32	0.96
Diluted EPS - Continuing Operations	0.86	0.88	0.06	0.32	0.96
Diluted Weighted Average Shares Outstanding	262M	265M	260M	262M	262M
Normalized Basic EPS	0.89	0.83	0.09	0.45	0.89
Normalized Diluted EPS	0.86	0.8	0.09	0.44	0.88
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	490M	500M	204M	364M	535M
EBITA	414M	419M	95.8M	238M	406M
EBIT	407M	411M	81M	223M	392M
EBITDAR	494M	505M	211M	371M	550M
Effective Tax Rate - (Ratio)	29.01	33.79	56.7	45.72	31.77
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	101M	110M	22M	78.5M	144M
Total Deferred Taxes	-8.5M	10M	-	-8.5M	-27.5M
Normalized Net Income	224M	213M	24.25M	116M	230M
Interest on Long-Term Debt	11.8M	14.6M	41.1M	43.4M	26.8M
Supplemental Operating Expense Items
Marketing Expenses	661M	930M	794M	752M	979M
Selling and Marketing Expenses	661M	930M	794M	752M	979M
General and Administrative Expenses	319M	393M	480M	491M	513M
Research And Development Expense From Footnotes	58.4M	57.4M	59.8M	65.8M	68M
Net Rental Expense, Total	3.3M	4.4M	6.1M	7M	15.5M
Imputed Operating Lease Interest Expense	1.32M	1.25M	1.86M	2.69M	6.48M
Imputed Operating Lease Depreciation	1.98M	3.15M	4.24M	4.31M	9.02M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., S&M Exp. (Total)	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	53.8M	57.3M	72.5M	83M	82.4M
Total Stock-Based Compensation	53.8M	57.3M	72.5M	83M	82.4M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.64B	2.29B	2.02B	2.53B	2.59B
Short Term Investments	700K	300K	13.5M	85.7M	89.1M
Total Cash And Short Term Investments	2.64B	2.29B	2.04B	2.62B	2.68B
Accounts Receivable, Total	602M	727M	760M	597M	594M
Other Receivables	168M	277M	483M	459M	480M
Total Receivables	771M	1B	1.24B	1.06B	1.07B
Inventory	1.36B	1.55B	1.81B	1.44B	1.55B
Other Current Assets, Total	158M	156M	193M	134M	151M
Total Current Assets	4.93B	5B	5.28B	5.25B	5.45B
Gross Property Plant And Equipment	1.36B	1.55B	1.89B	2.13B	2.24B
Accumulated Depreciation	-247M	-317M	-402M	-527M	-641M
Net Property Plant And Equipment	1.11B	1.24B	1.49B	1.61B	1.6B
Long-term Investments	10.2M	13.5M	35.4M	38.1M	96.3M
Goodwill	56.4M	56.4M	137M	137M	139M
Other Intangibles, Total	28.5M	27.7M	88.5M	73.8M	64M
Accounts Receivable Long-Term	-	61.4M	57.6M	54M	48.5M
Deferred Tax Assets Long-Term	15.4M	11.2M	5.7M	6.4M	9M
Deferred Charges Long-Term	88M	90.9M	115M	142M	150M
Other Long-Term Assets, Total	250M	405M	415M	483M	430M
Total Assets	6.49B	6.9B	7.63B	7.79B	7.98B
Liabilities
Accounts Payable, Total	2.05B	2.44B	2.93B	2.78B	2.75B
Accrued Expenses, Total	205M	209M	206M	217M	239M
Current Portion of Long-Term Debt	378M	-	-	-	394M
Current Portion of Leases	73.7M	101M	130M	132M	149M
Current Income Taxes Payable	9.6M	25.2M	24.8M	20.6M	60.7M
Unearned Revenue Current, Total	88.3M	99.4M	109M	118M	141M
Other Current Liabilities	135M	226M	263M	256M	262M
Total Current Liabilities	2.94B	3.1B	3.67B	3.53B	3.99B
Long-Term Debt	874M	895M	917M	939M	470M
Long-Term Leases	443M	579M	670M	780M	713M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	19.1M	33.5M	71M	55.1M	41.4M
Other Non Current Liabilities	68.4M	73.2M	102M	116M	104M
Total Liabilities	4.34B	4.68B	5.43B	5.42B	5.32B
Common Stock, Total	253M	259M	259M	260M	259M
Retained Earnings	477M	711M	728M	811M	1.06B
Comprehensive Income and Other	1.42B	1.25B	1.21B	1.3B	1.34B
Total Common Equity	2.15B	2.22B	2.2B	2.37B	2.67B
Minority Interest	-200K	-200K	-	-	-
Total Equity	2.15B	2.22B	2.2B	2.37B	2.67B
Total Liabilities And Equity	6.49B	6.9B	7.63B	7.79B	7.98B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	253M	259M	259M	260M	259M
ECS Total Common Shares Outstanding	253M	259M	259M	260M	259M
Book Value / Share	8.5	8.58	8.49	9.11	10.28
Tangible Book Value	2.07B	2.13B	1.97B	2.16B	2.46B
Tangible Book Value Per Share	8.16	8.25	7.62	8.3	9.5
Total Debt	1.77B	1.58B	1.72B	1.85B	1.73B
Net Debt	-877M	-713M	-322M	-767M	-951M
Debt Equivalent Oper. Leases	26.4M	35.2M	48.8M	56M	124M
Minority Interest, Total (Incl. Fin. Div)	-200K	-200K	-	-	-
Equity Method Investments, Total	1.7M	1.7M	8.3M	6.9M	1.4M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	1.36B	1.55B	1.81B	1.44B	1.55B
Land - (BS)	17.8M	21.9M	77.4M	95.3M	114M
Buildings, Total	-	-	-	-	-
Machinery, Total	861M	946M	1.13B	1.25B	1.38B
Full Time Employees	14.19K	17.04K	17K	15.79K	15.31K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	140M	136M	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	226M	234M	16.8M	83M	251M
Depreciation & Amortization - CF	149M	170M	238M	254M	268M
Amortization of Goodwill and Intangible Assets - (CF)	6.8M	7.6M	14.8M	14.5M	14M
Depreciation & Amortization, Total	156M	178M	253M	268M	282M
Amortization of Deferred Charges, Total - (CF)	58.8M	57.4M	59.8M	65.8M	68M
Stock-Based Compensation (CF)	50.3M	57.3M	72.5M	83M	82.4M
Other Operating Activities, Total	-20.2M	10.7M	-28.4M	38.8M	60.6M
Change In Accounts Receivable	-140M	-126M	-170M	13.7M	-26.8M
Change In Inventories	-263M	-186M	-260M	369M	-109M
Change In Accounts Payable	329M	392M	490M	-169M	-18.1M
Change in Other Net Operating Assets	130M	-1.6M	26.3M	197M	63.8M
Cash from Operations	527M	616M	460M	950M	654M
Capital Expenditure	-178M	-240M	-274M	-190M	-121M
Sale of Property, Plant, and Equipment	32.7M	-	-	3.5M	-
Cash Acquisitions	-31.5M	-	-	-	-
Divestitures	6M	-	-	-	-
Sale (Purchase) of Intangible assets	-72.5M	-92.5M	-77.1M	-72.7M	-86.2M
Investment in Marketable and Equity Securities, Total	25M	-3M	-127M	-56.1M	-67.9M
Other Investing Activities, Total	100K	-	2.4M	-4.9M	4.9M
Cash from Investing	-218M	-336M	-476M	-321M	-270M
Long-Term Debt Issued, Total	1.37B	-	-	-	-
Total Debt Issued	1.37B	-	-	-	-
Long-Term Debt Repaid, Total	-70M	-462M	-114M	-128M	-230M
Total Debt Repaid	-70M	-462M	-114M	-128M	-230M
Issuance of Common Stock	55.1M	22.5M	30.9M	4.5M	4M
Repurchase of Common Stock	-	-200M	-136M	-	-99.5M
Other Financing Activities, Total	-	-100K	-26.5M	-	-100K
Cash from Financing	1.35B	-640M	-246M	-124M	-326M
Foreign Exchange Rate Adjustments	3.9M	3.5M	-900K	3.2M	-4.2M
Miscellaneous Cash Flow Adjustments	-100K	-	-	-	-
Net Change in Cash	1.67B	-356M	-263M	508M	54.5M
Supplemental Items
Cash Interest Paid	28.5M	32.7M	35.1M	55.8M	70.3M
Cash Income Tax Paid (Refund)	117M	106M	64.1M	39M	75.4M
Levered Free Cash Flow	274M	271M	47.34M	712M	321M
Unlevered Free Cash Flow	310M	308M	86.52M	765M	379M
Change In Net Working Capital	-37.4M	-91.1M	-2.6M	-472M	91.1M
Net Debt Issued / Repaid	1.3B	-462M	-114M	-128M	-230M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.7	3.84	0.7	1.81	3.11
Return on Total Capital	8.27	6.66	1.31	3.43	5.69
Return On Equity %	11.79	10.73	0.76	3.63	9.97
Return on Common Equity	11.79	10.73	0.76	3.63	9.97
Margin Analysis
Gross Profit Margin %	43.03	41.78	39.2	38.75	40.69
SG&A Margin	38.03	37.89	38.55	36.49	36.99
EBITDA Margin %	6.14	4.83	1.98	3.58	5.06
EBITA Margin %	5.19	4.04	0.93	2.34	3.84
EBIT Margin %	5.1	3.97	0.78	2.2	3.71
Income From Continuing Operations Margin %	2.83	2.26	0.16	0.82	2.38
Net Income Margin %	2.83	2.26	0.16	0.82	2.38
Net Avail. For Common Margin %	2.83	2.26	0.16	0.82	2.38
Normalized Net Income Margin	2.81	2.06	0.23	1.14	2.18
Levered Free Cash Flow Margin	3.43	2.62	0.46	7.02	3.04
Unlevered Free Cash Flow Margin	3.88	2.97	0.84	7.55	3.59
Asset Turnover
Asset Turnover	1.47	1.55	1.42	1.32	1.34
Fixed Assets Turnover	7.52	8.82	7.6	6.56	6.6
Receivables Turnover (Average Receivables)	14.99	15.57	13.91	14.95	17.76
Inventory Turnover (Average Inventory)	3.7	4.14	3.75	3.82	4.19
Short Term Liquidity
Current Ratio	1.68	1.61	1.44	1.49	1.37
Quick Ratio	1.16	1.06	0.89	1.04	0.94
Operating Cash Flow to Current Liabilities	0.18	0.2	0.13	0.27	0.16
Days Sales Outstanding (Average Receivables)	24.41	23.44	26.24	24.41	20.61
Days Outstanding Inventory (Average Inventory)	98.97	88.06	97.41	95.48	87.28
Average Days Payable Outstanding	142.99	131.8	149.62	178.5	158.55
Cash Conversion Cycle (Average Days)	-19.6	-20.29	-25.97	-58.61	-50.67
Long Term Solvency
Total Debt/Equity	82.2	70.98	78.06	78.02	64.74
Total Debt / Total Capital	45.11	41.52	43.84	43.83	39.3
LT Debt/Equity	61.21	66.43	72.16	72.45	44.37
Long-Term Debt / Total Capital	33.6	38.85	40.53	40.7	26.93
Total Liabilities / Total Assets	66.88	67.83	71.16	69.54	66.62
EBIT / Interest Expense	7	6.93	1.29	2.61	4.2
EBITDA / Interest Expense	9.67	9.94	5.32	5.74	7.21
(EBITDA - Capex) / Interest Expense	6.62	5.88	0.94	3.52	5.92
Total Debt / EBITDA	3.14	2.67	5.15	3.77	2.56
Net Debt / EBITDA	-1.56	-1.21	-0.96	-1.56	-1.41
Total Debt / (EBITDA - Capex)	4.59	4.52	29.05	6.15	3.12
Net Debt / (EBITDA - Capex)	-2.28	-2.04	-5.44	-2.55	-1.72
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.13	29.72	-0.09	-1.95	4.23
Gross Profit, 1 Yr. Growth %	24.05	27.46	-6.26	-3.08	9.45
EBITDA, 1 Yr. Growth %	91.11	11.18	-60.21	77.8	47.11
EBITA, 1 Yr. Growth %	115.51	12.04	-77.84	148.23	70.69
EBIT, 1 Yr. Growth %	127.74	12.04	-80.93	175.68	75.5
Earnings From Cont. Operations, 1 Yr. Growth %	126.78	3.72	-92.84	394.05	202.53
Net Income, 1 Yr. Growth %	126.78	3.72	-92.84	394.05	202.53
Normalized Net Income, 1 Yr. Growth %	127.03	6.94	-89.05	377.58	98.6
Diluted EPS Before Extra, 1 Yr. Growth %	120.51	2.33	-93.18	432.66	200.38
Accounts Receivable, 1 Yr. Growth %	30.3	20.73	4.47	-21.49	-0.45
Inventory, 1 Yr. Growth %	23.94	13.68	16.94	-20.37	7.55
Net Property, Plant and Equip., 1 Yr. Growth %	9.96	11.14	20.5	7.88	-0.59
Total Assets, 1 Yr. Growth %	49.89	6.19	10.57	2.15	2.49
Tangible Book Value, 1 Yr. Growth %	27.45	3.31	-7.54	9.53	13.89
Common Equity, 1 Yr. Growth %	27.76	3.15	-0.89	7.91	12.31
Cash From Operations, 1 Yr. Growth %	61.19	16.84	-25.37	106.46	-31.11
Capital Expenditures, 1 Yr. Growth %	-24.01	35.36	14.18	-30.6	-36.69
Levered Free Cash Flow, 1 Yr. Growth %	-2.61K	8.92	-83.05	1.4K	-54.91
Unlevered Free Cash Flow, 1 Yr. Growth %	4.06K	8.04	-72.65	784.56	-50.44
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.72	26.38	13.84	-1.02	1.09
Gross Profit, 2 Yr. CAGR %	22.71	25.01	9.31	-4.69	2.99
EBITDA, 2 Yr. CAGR %	68.48	39.66	-32.59	-15.89	61.73
EBITA, 2 Yr. CAGR %	81.12	47.65	-49.38	-25.84	105.84
EBIT, 2 Yr. CAGR %	84.83	51.65	-53.02	-27.5	119.96
Earnings From Cont. Operations, 2 Yr. CAGR %	110.14	53.36	-72.74	-40.51	286.61
Net Income, 2 Yr. CAGR %	109.73	53.36	-72.74	-40.51	286.61
Normalized Net Income, 2 Yr. CAGR %	84.02	46.82	-65.1	-27.67	207.97
Diluted EPS Before Extra, 2 Yr. CAGR %	107.36	50.21	-73.59	-39.74	300
Accounts Receivable, 2 Yr. CAGR %	23.49	25.42	12.31	-9.44	-11.59
Inventory, 2 Yr. CAGR %	28.88	18.7	15.3	-3.5	-7.46
Net Property, Plant and Equip., 2 Yr. CAGR %	68.12	10.55	15.73	14.02	3.56
Total Assets, 2 Yr. CAGR %	41.72	26.16	8.36	6.27	2.32
Tangible Book Value, 2 Yr. CAGR %	18.3	14.75	-2.26	0.64	11.69
Common Equity, 2 Yr. CAGR %	17.84	14.79	1.11	3.41	10.09
Cash From Operations, 2 Yr. CAGR %	57.43	37.23	-6.62	24.13	19.26
Capital Expenditures, 2 Yr. CAGR %	-11.37	1.42	24.32	-10.98	-33.72
Levered Free Cash Flow, 2 Yr. CAGR %	165.65	397.9	-56.37	59.64	160.39
Unlevered Free Cash Flow, 2 Yr. CAGR %	152.6	542.88	-44.9	55.53	109.38
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	21.15	24.33	16.86	8.31	0.7
Gross Profit, 3 Yr. CAGR %	20.57	23.79	13.57	5.01	-0.19
EBITDA, 3 Yr. CAGR %	29.39	42.55	-7.27	-6.86	1.34
EBITA, 3 Yr. CAGR %	28.64	49.16	-20.7	-13.99	-2.09
EBIT, 3 Yr. CAGR %	29.48	51.1	-23.2	-15.26	-2.65
Earnings From Cont. Operations, 3 Yr. CAGR %	30.6	66.07	-44.77	-28.4	2.31
Net Income, 3 Yr. CAGR %	29.92	65.85	-44.77	-28.4	2.31
Normalized Net Income, 3 Yr. CAGR %	26.39	47.6	-37.38	-16.52	1.28
Diluted EPS Before Extra, 3 Yr. CAGR %	29.07	63.86	-46.42	-28.1	2.94
Accounts Receivable, 3 Yr. CAGR %	29.3	22.56	18.01	-0.33	-6.54
Inventory, 3 Yr. CAGR %	20.45	23.6	18.11	1.91	0.05
Net Property, Plant and Equip., 3 Yr. CAGR %	68.01	46.45	13.77	13.05	8.93
Total Assets, 3 Yr. CAGR %	29.65	28.72	20.74	6.25	5
Tangible Book Value, 3 Yr. CAGR %	12.32	13.08	6.78	1.52	4.88
Common Equity, 3 Yr. CAGR %	11.81	12.73	9.31	3.32	6.3
Cash From Operations, 3 Yr. CAGR %	39.64	42.53	12.02	21.65	2.01
Capital Expenditures, 3 Yr. CAGR %	-2.07	2.07	5.51	2.36	-20.54
Levered Free Cash Flow, 3 Yr. CAGR %	29.26	91.13	63.03	41.99	4.74
Unlevered Free Cash Flow, 3 Yr. CAGR %	38.1	85.04	126.46	39	6.23
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	21.96	23.26	18.17	13.49	10.28
Gross Profit, 5 Yr. CAGR %	20.82	21.87	15.66	11.5	9.22
EBITDA, 5 Yr. CAGR %	34.47	17.49	-2.01	16.06	15.83
EBITA, 5 Yr. CAGR %	34.01	15.57	-13.21	13.51	16.14
EBIT, 5 Yr. CAGR %	35.39	15.93	-15.46	13.38	16.99
Earnings From Cont. Operations, 5 Yr. CAGR %	13.23	14.24	-30.21	10.14	20.29
Net Income, 5 Yr. CAGR %	13.23	14.24	-30.43	10.06	20.29
Normalized Net Income, 5 Yr. CAGR %	32.87	13.3	-26.24	11.84	18.42
Diluted EPS Before Extra, 5 Yr. CAGR %	12.37	13.36	-31.57	9.83	19.74
Accounts Receivable, 5 Yr. CAGR %	32.11	27.49	22.21	8.59	5.13
Inventory, 5 Yr. CAGR %	22.5	21.81	18.36	11.95	7.13
Net Property, Plant and Equip., 5 Yr. CAGR %	57.28	50.75	44.73	32.5	9.57
Total Assets, 5 Yr. CAGR %	25.14	22.13	20.67	19.22	13
Tangible Book Value, 5 Yr. CAGR %	10.48	9.18	6.25	7.93	8.72
Common Equity, 5 Yr. CAGR %	11.09	9.53	7.4	8.9	9.62
Cash From Operations, 5 Yr. CAGR %	34.59	17.44	18.88	34.87	14.86
Capital Expenditures, 5 Yr. CAGR %	41.78	14.51	7.74	-3.37	-12.39
Levered Free Cash Flow, 5 Yr. CAGR %	40.65	35.01	-17.88	78.95	96.61
Unlevered Free Cash Flow, 5 Yr. CAGR %	42.09	35.36	-5.98	73.56	119.47