DGAP-News: Zalando reports outstanding customer growth in second quarter of 2019
DGAP-News: Zalando SE / Key word(s): Quarter Results/Half Year Results
Zalando reports outstanding customer growth in second quarter of 2019
01.08.2019 / 07:00
The issuer is solely responsible for the content of this announcement.
Zalando reports outstanding customer growth in second quarter of 2019
- Strongest ever Q2 active customer growth, fastest site visit growth since 2013
- Profitable growth continued: GMV up 23.7% to EUR 2.0 billion, adjusted EBIT of EUR 102 million
- Zalando raises profit outlook to the upper half of the EUR 175-225 million adjusted EBIT range
- GMV growth expected in the 20-25% range, revenue growth around the lower end of the range
BERLIN, AUGUST 1, 2019 // Zalando SE has successfully grown its business in the second quarter of 2019. The number of active customers grew significantly by 3.7 million (15.2%) year-over-year to 28.3 million across Zalando's 17 European markets. In the same period, site visits went up 34.3% to 986.4 million, 84% of which came through mobile devices, resulting in a record number of orders (36.1 million).
Chief Financial Officer David Schröder says: "More customers than ever before have chosen Zalando as their starting point for fashion. This proves that our continuous efforts to deliver a best in class fashion experience pay off."
Several new initiatives to excel the customer experience are already underway: The company will start building a new warehouse in the Netherlands this summer to better serve customers across its Western European markets and ready the company's logistics capacities for future growth. In Germany, Zalando has doubled the number of parcels delivered on the same or next day compared to the first quarter and in Switzerland, it is currently testing same-day evening delivery in the Zurich region.
Zalando continues to broaden its assortment by investing in sustainable fashion and premium assortment, by extending its Partner Program and by expanding its cooperations with offline retailers. To date, more than 1,300 offline stores are connected to the Zalando platform.
In the second quarter of 2019, Zalando has continued to gain market share. Gross Merchandise Volume (GMV) grew by 23.7% to EUR 2.0 billion; revenues increased by 20.1% to EUR 1.6 billion. In the same period, Zalando achieved an adjusted EBIT of EUR 101.7 million or a margin of 6.4%.
"Our platform transition continues to accelerate. The growth of our Partner Program leads to a more attractive and diverse assortment for our customers. We will continue to see GMV growing faster than revenues, fully in-line with our long-term strategy," says David Schröder.
Following a strong first half of 2019, Zalando raises its profitability outlook to the upper half of the adjusted EBIT range of EUR 175-225 million (previously: in the EUR 175-225 million range). The company confirms its full-year guidance of GMV growth of 20% to 25% and now expects revenue growth around the low end (previously: at the low end) of this range. Zalando confirms its expected capital expenditure of around EUR 300 million.
The earnings presentation for analysts and investors is available on the Zalando Investor Relations website. Zalando will report the results for the third quarter of 2019 on October 31, 2019.
Zalando Group - Key Figures (in EUR million)
|
Q2 2019 |
Q2 2018 |
Group revenue |
1,597.3 |
1,330.0 |
% growth |
20.1% |
20.9% |
Fashion Store |
1,478.1 |
1,233.4 |
Thereof DACH |
732.0 |
625.8 |
Thereof Rest of Europe |
746.1 |
607.6 |
Offprice |
155.7 |
114.6 |
Other |
45.2 |
100.8 |
Reconciliation |
-81.7 |
-118.7 |
Adjusted group EBIT |
101.7 |
94.0 |
Adjusted group EBIT margin |
6.4% |
7.1% |
Fashion Store |
103.6 |
92.2 |
Thereof DACH |
67.5 |
60.0 |
Thereof Rest of Europe |
36.1 |
32.2 |
Offprice |
6.9 |
7.5 |
Other |
-8.9 |
-7.5 |
Reconciliation |
0.1 |
1.7 |
Net working capital |
-78.6 |
16.1 |
Capital expenditure |
-55.1 |
-67.0 |
Net income |
45.5 |
51.8 |
Zalando Group - Key Performance Indicators
|
Q2 2019 |
Q2 2018 |
Change |
Site visits (million) |
986.4 |
734.3 |
34.3% |
Mobile visit share (% of site visits) |
83.5 |
78.4 |
5.2pp |
Active customers (million) |
28.3 |
24.6 |
15.2% |
Number of orders (million) |
36.1 |
29.0 |
24.7% |
Average orders per active customer |
4.6 |
4.2 |
9.2% |
Average basket size (LTM, EUR) |
56.9 |
58.4 |
-2.6% |
Average basket size (quarter, EUR) |
56.4 |
56.8 |
-0.8% |
Group GMV (billion EUR) |
2.0 |
1.6 |
23.7% |
Definitions are available in the half-year report and annual report.
About Zalando
Zalando is Europe's leading online platform for fashion and lifestyle. Founded in Berlin in 2008, we bring head-to-toe fashion to more than 28 million active customers in 17 markets, offering clothing, footwear, accessories, and beauty. The assortment of international brands ranges from world-famous names to local labels. Our platform is a one-stop fashion destination for inspiration, innovation, and interaction. As Europe's most fashionable tech company, we work hard to find digital solutions for every aspect of the fashion journey: for our customers, partners and every valuable player in the Zalando story. Our goal is to become the Starting Point for Fashion.
MEDIA INQUIRIES
Linda Hübner
Corporate Communications
[email protected]
+49 (0)152 21817372
INVESTOR/ANALYST INQUIRIES
Patrick Kofler
Investor Relations
[email protected]
+49 (0)30 20968 1584
01.08.2019 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
|
Language: |
English |
Company: |
Zalando SE |
|
Valeska-Gert-Straße 5 |
|
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 |
EQS News ID: |
850013 |
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End of News |
DGAP News Service |
850013 01.08.2019
Die wichtigsten Finanzdaten auf einen Blick
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023e |
Umsatzerlöse1 |
4.489,00 |
5.387,90 |
6.482,50 |
7.982,00 |
10.354,00 |
10.344,80 |
10.143,10 |
EBITDA1,2 |
246,40 |
205,70 |
360,60 |
581,50 |
660,10 |
393,40 |
524,90 |
EBITDA-Marge3 |
5,49 |
3,82 |
5,56 |
7,29 |
6,38 |
3,80 |
|
EBIT1,4 |
187,60 |
119,20 |
165,80 |
367,00 |
424,70 |
81,00 |
190,90 |
EBIT-Marge5 |
4,18 |
2,21 |
2,56 |
4,60 |
4,10 |
0,78 |
1,88 |
Jahresüberschuss1 |
101,60 |
51,20 |
99,70 |
226,10 |
234,50 |
16,80 |
83,00 |
Netto-Marge6 |
2,26 |
0,95 |
1,54 |
2,83 |
2,27 |
0,16 |
0,82 |
Cashflow1,7 |
193,70 |
212,80 |
327,20 |
527,40 |
616,20 |
459,90 |
949,50 |
Ergebnis je Aktie8 |
0,40 |
0,20 |
0,39 |
0,86 |
0,88 |
0,06 |
0,32 |
Dividende8 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
Quelle: boersengefluester.de und Firmenangaben
Geschäftsbericht 2023 - Kostenfrei herunterladen.
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: Ernst & Young
|
INVESTOR-INFORMATIONEN |
©boersengefluester.de |
Zalando |
WKN |
Kurs in € |
Einschätzung |
Börsenwert in Mio. € |
ZAL111 |
25,390 |
Halten |
6.697,17 |
KGV 2025e |
KGV 10Y-Ø |
BGFL-Ratio |
Shiller-KGV |
41,62 |
0,00 |
0,00 |
56,30 |
KBV |
KCV |
KUV |
EV/EBITDA |
2,82 |
7,05 |
0,66 |
9,72 |
Dividende '22 in € |
Dividende '23e in € |
Div.-Rendite '23e in % |
Hauptversammlung |
0,00 |
0,00 |
0,00 |
17.05.2024 |
Q1-Zahlen |
Q2-Zahlen |
Q3-Zahlen |
Bilanz-PK |
07.05.2024 |
06.08.2024 |
05.11.2024 |
13.03.2024 |
Abstand 60Tage-Linie |
Abstand 200Tage-Linie |
Performance YtD |
Performance 52 Wochen |
14,63% |
9,32% |
18,37% |
-29,14% |
|
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