01.03.2017
Zalando SE DE000ZAL1111
DGAP-News: ZALANDO FOCUSES ON CONTINUED GROWTH AFTER STRONG 2016
DGAP-News: Zalando SE / Key word(s): Final Results/Takeover
ZALANDO FOCUSES ON CONTINUED GROWTH AFTER STRONG 2016
01.03.2017 / 08:00
The issuer is solely responsible for the content of this announcement.
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ZALANDO FOCUSES ON CONTINUED GROWTH AFTER STRONG 2016
- 2017 guidance in line with multi-year strategy: revenue growth of 20-
25%, adjusted EBIT margin of 5.0-6.0%
- 2016 results: revenues of EUR 3,639 million (23.0% growth), adjusted
EBIT of EUR 216.3 million (5.9% margin)
- Zalando to acquire multi-channel basketball retailer KICKZ
- Zalando to create more than 2,000 jobs in 2017
BERLIN, MARCH 1, 2017 // Zalando expects to continue outperforming the
fashion retail market again in 2017 and grow revenues in a range of 20-25%,
following a strong 2016 performance when Europe's leading online fashion
platform gained market share in every single quarter. Driven by a
systematic focus on consumers and suppliers, as well as further investments
into the company's infrastructure, 2016 revenues grew by 23.0% to EUR 3,639
million (2015: EUR 2,958 million). The adjusted EBIT margin
increased to 5.9%, which corresponds to an adjusted EBIT of EUR 216.3
million (2015: EUR 107.5 million, 3.6%). For 2017, Zalando expects an
adjusted EBIT margin in the range of 5.0-6.0%.
"Strong growth requires nonstop investment. We are proud to have
significantly progressed in expanding our business profitably," said co-CEO
Rubin Ritter. "As we build the technology and operating system to transform
the European fashion industry, we will further invest into a unique and
flawless consumer experience and a stronger supplier proposition to
continue to drive growth ahead of the market. At the same time, we plan to
expand our team by creating more than 2,000 new jobs this year."
In 2016, about 20 million customers (+11%) shopped at Zalando, increasingly
using mobile devices, enjoying a wider and deeper assortment and an even
better service proposition for delivery and returns. Zalando has become a
fashion destination for consumers and an increasing number of brand
partners alike. Zalando enables brand partners to scale their businesses
via its wholesale services, the partner program as well as Zalando's
fulfillment and digital services, such as Zalando Media Solutions.
Zalando's growth is enabled by its technology and operations
infrastructure. The number of employees in Zalando's technology team has
increased from 1,000 in 2015 to more than 1,600. Its pan-European logistics
network will expand into 20,000-30,000 m² warehouses in France and Sweden
as well as a 130,000 m² logistics center in Poland.
The development in Zalando's profitability was due to improved operating
costs, which reflected strong cost management and general efficiency
improvements.
Capital expenditure in 2016 was at EUR 181.7 million, excluding M&A,
reflecting investments primarily into infrastructure, increased automation
and in-house developed software. Zalando expects capital expenditure of EUR
200 million also in 2017, primarily in the same areas.
Earlier this week Zalando has agreed to acquire the retail business of
Munich-based KICKZ AG ("KICKZ"), the leading multi-channel basketball
retailer. With the addition of KICKZ, Zalando will further strengthen its
sports and lifestyle segment, especially in the area of basketball. The
transaction is subject to merger control clearance by German and Austrian
competition authorities, and is expected to close in the first half of
2017. All parties have agreed not to disclose financial details.
Zalando's fully digital annual report Zalando City Guide is now available
online. iOS and Android users can discover Zalando City in virtual reality
via app on the Apple App Store and Google Play. The app will be available
as "Zalando
City Guide".
The earnings presentation for analysts and investors is available on the
Zalando Investor Relations website. Zalando will report results for the
first quarter 2017 on May 9, 2017, and publish a trading update prior to
that. The publication date of the trading update will be announced ahead of
time.
Zalando Group - Key figures (in EUR million)
Q4 2016 Q4 2015 FY 2016 FY 2015
Group revenue 1,091.6 868.5 3,639.0 2,958.2
% growth 25.7% 30.5% 23.0% 33.6%
DACH1 529.4 450.7 1,813.8 1,580.1
% growth 17.5% 24.0% 14.8% 28.0%
Rest of Europe2 478.4 360.5 1,570.2 1,211.6
% growth 32.7% 35.8% 29.6% 40.5%
Other3 83.8 57.3 255.1 166.5
% growth 46.2% 57.1% 53.2% 41.8%
Adjusted group EBIT4 95.6 71.8 216.3 107.5
Adjusted group EBIT 8.8% 8.3% 5.9% 3.6%
margin
DACH1 4 80.0 57.9 226.3 101.9
% margin 15.1% 12.8% 12.5% 6.4%
Rest of Europe2 4 15.7 11.8 (3.3) (3.3)
% margin 3.3% 3.3% (0.2%) (0.3%)
Other3 4 (0.1) 2.1 (6.7) 8.9
% margin (0.1%) 3.6% (2.6%) 5.3%
Net working capital (127.6) (2.6) (127.6) (2.6)
Net income 60.0 102.7 120.5 121.5
1. DACH segment is comprised of Germany, Austria and Switzerland.
2. Rest of Europe segment includes all other countries in which Zalando
presently operates.
3. The segment Other mainly includes revenues from "Zalando Lounge", as
well as three outlet stores and the new portfolio initiatives.
4. Adjusted to exclude equity-settled stock based compensation costs and
non-operating one-time effects.
Zalando Group - Key performance indicators
Q4 2016 Q4 2015 FY 2016 FY 2015
Site visits (m)5 563.2 457.9 1,991.6 1,656.4
Mobile visit share 68.1% 59.9% 65.6% 57.1%
(% of site visits)6
Active customers 19.9 17.9 19.9 17.9
(m)7
Number of orders 19.6 15.4 69.2 55.3
(m)8
Average orders per 3.48 3.08 3.48 3.08
active customer
Average basket size 70.2 72.1 66.6 67.8
(EUR)9
App downloads (m) 28 16 28 16
Headcount 11,998 9,987 11,998 9,987
5. Number of series of page requests from the same uniquely identified
client at Zalando.
6. Tablets, mobile sites and apps.
7. Number of customers placing at least one order in the last twelve
months irrespective of cancellations or returns.
8. Number of customer orders placed in the measurement period irrespective
of cancellations or returns. An order is counted on the day the
customer places the order.
9. Transactional revenue (incl. VAT and transactional volume of Partner
Program) after cancellations or returns divided by the number of
orders.
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 a warehouse in Northern Italy 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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01.03.2017 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.
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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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