19.04.2017
Zalando SE DE000ZAL1111
DGAP-News: Q1 TRADING UPDATE: ZALANDO EXPANDS BUSINESS AT HIGH SPEED
DGAP-News: Zalando SE / Key word(s): Preliminary Results/Quarter Results
Q1 TRADING UPDATE: ZALANDO EXPANDS BUSINESS AT HIGH SPEED
19.04.2017 / 08:00
The issuer is solely responsible for the content of this announcement.
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Q1 TRADING UPDATE:
ZALANDO EXPANDS BUSINESS AT HIGH SPEED
- Revenues at EUR 971-987 million (22.0-24.0% growth)
- Adjusted EBIT of EUR 10-30 million (1.0-3.0% margin)
- Full-year guidance confirmed
BERLIN, APRIL 19, 2017 // Zalando SE, Europe's leading online platform for
fashion, grew revenues in the first quarter of 2017 by 22.0-24.0% to EUR
971-987 million (Q1 2016:
EUR 796.1 million), according to preliminary figures. Zalando expects to
achieve an adjusted EBIT of EUR 10-30 million, corresponding to an adjusted
EBIT margin of 1.0-3.0% (Q1 2016: EUR 20.2 million or 2.5%) for the same
period. Zalando confirms its full-year guidance of revenue growth in a range
of 20-25% and an adjusted EBIT margin in the range of 5.0-6.0%.
Co-CEO Rubin Ritter said: "We continue to successfully execute towards our
goals and started 2017 with strong growth momentum. We are fully on track
with our long-term aspirations and keep expanding our business at high
speed, while investing into our consumer experience and brand partner
proposition."
All figures reported herein are preliminary, full financial disclosure for
the first quarter 2017 will be published on May 9, 2017.
On April 20, 2017, Zalando will publish the agenda for its upcoming annual
general meeting (AGM) held on May 31, 2017. In accordance with the
recommendation of its nomination committee, the Supervisory Board proposes
Shanna Prevé and Dominik Asam for election to the Supervisory Board at the
AGM, as Lorenzo Grabau and Kai-Uwe Ricke will not seek re-election.
Ms. Prevé is Managing Director Business Development for the Google Consumer
Hardware Group in San Francisco, USA, and Mr. Asam is Chief Financial
Officer at the DAX-listed technology company Infineon Technologies AG. Both
bring relevant industry experience and are expected to add beneficial
expertise to the work of the Supervisory Board. Dominik Asam is designated
to take over chairmanship of the audit committee.
NOTES TO EDITORS
ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe's leading online fashion
platform for women, men and children. We offer our customers a one-stop,
convenient shopping experience with an extensive selection of fashion
articles including shoes, apparel and accessories, with free delivery and
returns. Our assortment of over 1,500 international brands ranges from
popular global brands, fast fashion and local brands, and is complemented by
our private label products. Our localized offering addresses the distinct
preferences of our customers in each of the 15 European markets we serve:
Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the
Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United
Kingdom. Our logistics network with four centrally located fulfillment
centers in Germany allows us to efficiently serve our customers throughout
Europe, supported by warehouses in Northern Italy and France with a focus on
local customer needs. We believe that our integration of fashion, operations
and online technology give us the capability to deliver a compelling value
proposition to both our customers and fashion brand partners. Zalando's
shops attract over 160 million visits per month. In the fourth quarter of
2016, more than 68 percent of traffic came from mobile devices, resulting in
19.9 million active customers by the end of the quarter.
CONTACT ZALANDO
René Gribnitz ( Vice President Communications
[email protected]
Alexander Styles ( Financial Communications
[email protected]
+49 30 20968 2022
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19.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Zalando SE
Tamara-Danz-Straße 1
10243 Berlin
Germany
E-mail: [email protected]
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
End of News DGAP News Service
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565449 19.04.2017
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