08.05.2018
Zalando SE DE000ZAL1111
DGAP-News: Zalando posts strong start into 2018
DGAP-News: Zalando SE / Key word(s): Quarter Results/Quarterly / Interim
Statement
Zalando posts strong start into 2018
08.05.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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ZALANDO POSTS STRONG START INTO 2018
* Strong revenue growth of 22 % to EUR 1,196 million
* Adjusted EBIT remains breakeven at EUR 0.4 million
* Full-year guidance confirmed
* Beauty category successfully launched
BERLIN, MAY 8, 2018 // Zalando SE continued to capture market share in the
first quarter of 2018 and grew revenues strongly by 22 % to EUR 1,196
million. Europe's leading online platform for fashion achieved an adjusted
EBIT of EUR 0.4 million and remained breakeven. The company confirms its
full-year guidance of revenue growth at 20-25 % and an adjusted EBIT between
EUR 220 and 270 million.
Co-CEO Rubin Ritter said: "Growth is our top priority and that's exactly
what we have focused on in the first quarter, despite a challenging fashion
market environment. A delayed start of the spring/summer season put pressure
on the industry, however, we have our eyes firmly set on our growth
targets."
In the first quarter, Zalando successfully launched the beauty category in
Germany. More than 4,000 products from 130 different brands were available
at launch, initially focused on cosmetics and skin care for women.
"Beauty is the first category we launched in four years and we're off to a
promising start. We see a great opportunity to complement our assortment and
strengthen our position as a one-stop destination for fashion and
lifestyle," said Rubin Ritter.
A strong increase of active customers and record order frequency drove
growth in the first quarter. The number of active customers grew by 3.5
million, or 16.7 %, to 23.9 million. On average, each active customer placed
four orders with Zalando in the last twelve months, marking an all-time
high. Customers mainly accessed Zalando from mobile devices, as the mobile
visit share reached 76.6 % in the first quarter.
The earnings presentation for analysts and investors is available on the
Zalando Investor Relations website. Zalando will report results for the
second quarter 2018 on August 7, 2018.
ZALANDO GROUP - KEY FIGURES (IN EUR MILLION)
As of January 1, 2018, Zalando changed its internal management structure.
The focus is now primarily on sales channels rather than on geographical
regions. Thus, the segment reporting has been adjusted accordingly. This
change increases the level of responsibility and decision making within the
individual sales channels. Under the new structure, our main sales channel
continues to be Fashion Store (online shops of Zalando). The Other segment
includes "Offprice" (Zalando Lounge, outlet stores and overstock
management), the private label offering zLabels and various emerging
businesses. However, to ensure continuity of capital market reporting,
Zalando will continue to voluntarily report a breakdown of results within
the Fashion Store into DACH and Rest of Europe.
While reporting was previously on a consolidated basis, from January 1, 2018
onwards, revenue and profitability generated with external business partners
as well as the internal transactions between segments of Zalando will be
reported. Due to this change, the segment reporting has been supplemented by
a reconciliation column to reconcile the segment figures (including internal
and external transactions) to the consolidated group figures (showing only
external transactions).
Q1 2018 Q1 20171
Group revenue 1,196.0 980.2
% growth 22.0 % 23.1 %
Fashion Store 1,093.9 908.8
% growth 20.4 % --
Thereof DACH2 552.0 475.0
% growth 16.2 % --
Thereof Rest of Europe3 541.9 433.8
% growth 24.9 % --
Other4 220.2 156.7
% growth 40.5 % --
Reconciliation (118.1) (85.4)
Adjusted group EBIT5 0.4 20.3
Adjusted group EBIT margin 0.0 % 2.1 %
Fashion Store (0.2) 16.4
% adj. margin 0.0 % 1.8 %
Thereof DACH 16.6 36.4
% adj. margin 3.0 % 7.7 %
Thereof Rest of Europe (16.8) (20.1)
% adj. margin (3.1 %) (4.6 %)
Other 0.2 3.9
% adj. margin 0.1 % 2.5 %
Reconciliation 0.4 0.0
Net working capital (34.8) (97.7)
Capital expenditure 41.8 77.8
Net income (15.0) 5.1
1. New segment structure from January 1, 2018, onwards. Financial years
2014-2016 not restated.
2. Fashion Store DACH is comprised of Germany, Austria and Switzerland.
3. Fashion Store Rest of Europe includes all other countries in which
Zalando presently operates its online shops.
4. All other sales channels are grouped under the Other segment, which
includes "Offprice" (Zalando Lounge, outlet stores and overstock
management), the private label offering zLabels and various emerging
businesses.
5. Before expenses for equity-settled share-based payments and effects from
business transactions that do not recur regularly.
ZALANDO GROUP - KEY PERFORMANCE INDICATORS
Q1 2018 Q1 2017 Change
Site visits (m)6 713.5 617.6 15.5 %
Mobile visit share (% of site visits)7 76.6 68.8 7.8 pp
Active customers (m)8 23.9 20.4 16.7 %
Number of orders (m)9 25.4 19.9 27.8 %
Average orders per active customer 4.0 3.6 11.9 %
Average basket size (EUR)10 60.3 63.0 (4.4) %
Headcount 15,418 12,583 22.5 %
6. Number of series of page views from the same device and the same source
(via websites, mobile sites, tablet sites or apps). The series is considered
ended when a page view is not recorded for longer than 30 minutes.
7. Tablets, mobile sites and apps.
8. Number of customers placing at least one order in the last twelve months
irrespective of cancellations or returns.
9. 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.
10. 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 lifestyle
articles including shoes, apparel, accessories and beauty products, with
free delivery and returns. Our assortment of almost 2,000 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 five
centrally located fulfillment centers allows us to efficiently serve our
customers throughout Europe, supported by warehouses in Northern Italy,
France, and Sweden with a focus on local customer needs. We believe that our
integration of fashion, operations and online technology gives us the
capability to deliver a compelling value proposition to both our customers
and fashion brand partners. Zalando's shops attract about 238 million visits
per month. In the first quarter of 2018, 77 % of traffic came from mobile
devices, resulting in 23.9 million active customers by the end of the
quarter.
CONTACT ZALANDO
Alexander Styles / Financial Communications
[email protected]
+49 30 20968 2022
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08.05.2018 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.
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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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