DGAP-News: Zalando SE
/ Key word(s): Quarterly / Interim Statement/9 Month figures
Zalando with outstanding growth and 1 billion site visits in the third quarter
Driven by increasing numbers of orders (up 25.4% year-over-year to 34.7 million), Zalando strongly grew its revenues by 26.7% to EUR 1.5 billion and the Gross Merchandise Volume (GMV) by 24.6% to EUR 1.9 billion. The company achieved a positive adjusted EBIT of EUR 6.3 million or a margin of 0.4%. David Schröder, CFO Zalando SE, said: "2019 has been a very successful year for us so far. We had a strong third quarter with more active customers who more and more frequently look for inspiration on Zalando. We are growing at a high pace across all regions. We want to maintain the momentum for a strong finish to the year and look forward to celebrating together with our customers the upcoming Cyber Week and the festive season." In the third quarter, Zalando saw strong growth across all regions. In the DACH region, revenues went up 22.9%, whilst business in the Rest of Europe region grew strongly by 30.8%. The positive development was especially pronounced in Spain, the Nordics, as well as the Czech Republic, where the business has grown at a high pace since the launch one year ago. Zalando will continue to further invest in the market and will expand the Zalando Lounge to the Czech Republic in the fourth quarter. In line with its vision to be a sustainable fashion platform with a net-positive impact for people and the planet, from now onwards, Zalando will be carbon neutral in its own operations, deliveries, and returns. Furthermore, the company will provide its customers with an even broader choice of more sustainable styles. Three new brands offering more sustainable products will be added to the assortment, and Zalando's private-label brand Zign will be fully dedicated to sustainability as of the summer season 2020.
In the first nine months of 2019, Zalando grew its GMV by 23.5% to EUR 5.7 billion (first nine months of 2018: EUR 4.6 billion) and its revenues by 20.7% to EUR 4.5 billion (first nine months of 2018 On the back of the strong results of the first nine months, Zalando is confident about its full-year guidance for 2019 and expects a GMV growth of 20 to 25% and a revenue growth around the low end of this range. It expects the adjusted EBIT to be in the upper half of the range of EUR 175 to 225 million and capital expenditure of around EUR 300 million. Zalando's quarterly statement and the earnings presentation for analysts and investors is available on the Zalando Investor Relations website. Zalando will report results for the fourth quarter and full year of 2019 on 27 February 2020.
Zalando Group - Key Performance Indicators
Definitions are available in the quarterly report and annual report.
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31.10.2019 Dissemination of a Corporate News, transmitted by DGAP - 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: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 901377 |
End of News | DGAP News Service |
901377 31.10.2019