27.02.2020 Zalando SE  DE000ZAL1111

DGAP-News: Zalando SE: Zalando Wins 4.6 Million More Active Customers in 2019


 

DGAP-News: Zalando SE / Key word(s): Annual Results/Quarter Results
Zalando SE: Zalando Wins 4.6 Million More Active Customers in 2019

27.02.2020 / 07:00
The issuer is solely responsible for the content of this announcement.


Zalando Wins 4.6 Million More Active Customers in 2019

  • Starting Point for Fashion: 31 million active customers (+17%) made 145 million orders
  • Financials results 2019: EUR 8.2 billion GMV (up 23.6%), EUR 224.9 million adjusted EBIT
  • Outlook 2020: 20-25% GMV growth, 15-20% revenue growth, EUR 225-275 million adjusted EBIT
  • Zalando expands premium segment and adds luxury brands
  • Launch of "pre-owned" fashion category in autumn 2020
  • Plan for new logistics warehouse in Spain

BERLIN, FEBRUARY 27, 2020 // 145 million orders, more than 4 billion site visits and 4.6 million additional active customers: Zalando has significantly grown its business in 2019. A record number of 31 million customers (2018: 26.4 million) have ordered from Zalando in the past year, bringing the company closer to its vision to become the Starting Point for Fashion in Europe.

The strong development of customer KPIs translated into strong financial growth. For the full year, Europe's leading online platform for fashion and lifestyle grew its GMV (Gross Merchandise Volume) by 23.6% to EUR 8.2 billion (2018: EUR 6.6 bn), its revenues by 20.3% to EUR 6.5 billion (2018: EUR 5.4 bn) and achieved an adjusted EBIT of EUR 224.9 million (2018: EUR 173.4m). Growth was especially pronounced in the fourth quarter with GMV up 24.3% to EUR 2.5 billion and revenue up 19.5% to EUR 2 billion at an adjusted EBIT of EUR 110.4 million, pushed by record-breaking results during Cyber Week.

"We look back at a very successful year. We achieved strong financial results in every single quarter," says Zalando CFO David Schröder. "While delivering those results, we have made strong progress on our strategic agenda."

In line with its platform strategy, Zalando significantly grew the share of the Partner Program, which at the end of the year accounted for 15% of Zalando's Fashion Store GMV. Growth was enabled through scaling services that make it easier for brands to be successful on the platform such as Zalando Fulfillment Solutions (ZFS) and Zalando Marketing Services (ZMS). In the fourth quarter, around 40% of Partner Program items were shipped through ZFS.

In 2020, Zalando will make several investments that underline its ambition to become the Starting Point for Fashion. Firstly, the company will expand its premium segment to include luxury brands. In order to gain more market share in the EUR 38 billion market for premium fashion, Zalando plans to double its premium and luxury assortment before year end 2023. The company has recently added Moschino Couture and Alberta Ferretti, and will further expand the category by creating an inspiring and relevant experience for both customers and brand partners.

"Especially younger customers like to mix and match high-street fashion brands with sports and designer pieces. Premium has been our fastest growing category in the past months, and we see a huge potential to build on that," says David Schneider, Zalando co-CEO.

Additionally, the company will scale its pre-owned fashion pilot and launch "Pre-Owned" as a new category on the Zalando destination. Starting in the third quarter of 2020, customers will be able to buy curated pre-owned fashion, as well as sell their pre-owned fashion items to Zalando. The category launch supports Zalando's ambition to build deep customer relationships by creating even more customer touch points, and brings the company closer to the goal to become a sustainable fashion platform.

Zalando will furthermore extend its European logistics network by opening a local warehouse in Spain. With this warehouse, Zalando will significantly improve its convenience offering and thereby unlock future customer growth in the region.

In line with its growth strategy for 2023/24, Zalando expects to grow its GMV between 20 and 25% and it expects revenue to grow between 15 and 20% in 2020. The company expects continued profitable growth and an adjusted EBIT between EUR 225 and 275 million, as well as capital expenditure of around EUR 330 million. These expectations exclude a potential negative impact caused by the Coronavirus.

Notes to Media and Capital Markets
The company will host a press call at 9 a.m. CET today. Zalando's annual report 2019 and the earnings presentation for analysts and investors is available on the Zalando Investor Relations website. Zalando will report results for the first quarter of 2020 on May 7, 2020.

Zalando Group - Key Figures (in EUR million)

  FY 2019 FY 2018 Q4 2019 Q4 2018
GMV Group (billion EUR) 8.2 6.6 2.5 2.0
Group revenue 6,482.5 5,387.9 1,985.9 1,661.6
% growth 20.3% 20.0% 19.5% 24.6%
Fashion Store 5,964.9 4,967.7 1,820.5 1,539.1
Thereof DACH 2,897.2 2,483.7 876.9 763.5
Thereof Rest of Europe 3,067.7 2,484.0 943.6 775.6
Offprice 659.4 497.5 206.6 149.7
Other 252.3 444.7 62.2 132.8
Reconciliation (394.1) (522.0) (103.3) (160.0)
Adjusted group EBIT 224.9 173.4 110.4 117.8
Adjusted group EBIT margin 3.5% 3.2% 5.6% 7.1%
Fashion Store 219.9 162.0 98.4 110.9
% adj. margin 3.7% 3.3% 5.4% 7.2%
Thereof DACH 219.5 139.9 85.5 71.1
% adj. margin 7.6% 5.6% 9.8% 9.3%
Thereof Rest of Europe 0.4 22.0 12.9 39.7
% adj. margin 0.0% 0.9% 1.4% 5.1%
Offprice 27.7 35.2 13.7 11.1
% adj. margin 4.2% 7.1% 6.6% 7.4%
Other (23.3) (24.4) (1.7) (4.0)
% adj. margin (9.2%) (5.5%) (2.7%) (3.0%)
Reconciliation 0.6 0.7 (0.0) (0.1)
Net working capital (147.7) (84.3) (147.7) (84.3)
Capital expenditure 306.5 278.4 121.1 109.1
Net income 99.7 51.2 85.4 56.1
 

Zalando Group - Key Performance Indicators

  FY 2019 FY 2018 Q4 2019 Q4 2018 Q4 Change
Site visits (million) 4,178.1 3,137.2 1,267.5 960.7 31.9%
Mobile visit share (% of site visits) 83.7% 79.3% 83.9% 81.6% 2.3pp
Active customers (million) 31.0 26.4 31.0 26.4 17.1%
Number of orders (million) 144.9 116.2 42.6 34.1 25.1%
Average orders per active customer 4.7 4.4 4.7 4.4 6.5%
Average basket size (LTM, EUR) 56.6 57.1 56.6 57.1 -0.9%
 

Definitions are available in the annual report.

(End)

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ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe's leading online platform for fashion and lifestyle. Founded in Berlin in 2008, we bring head-to-toe fashion to more than 31 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



27.02.2020 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
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: 984777

 
End of News DGAP News Service

984777  27.02.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 2.958,20 3.639,00 4.489,00 5.387,90 6.482,50 7.982,00 10.400,00
EBITDA1,2 123,80 255,30 246,40 205,70 360,60 581,50 620,00
EBITDA-Marge3 4,18 7,02 5,49 3,82 5,56 7,29 5,96
EBIT1,4 89,60 207,00 187,60 119,20 165,80 367,00 414,00
EBIT-Marge5 3,03 5,69 4,18 2,21 2,56 4,60 3,98
Jahresüberschuss1 121,50 120,50 101,60 51,20 99,70 226,10 268,00
Netto-Marge6 4,11 3,31 2,26 0,95 1,54 2,83 2,58
Cashflow1,7 119,40 275,80 193,70 212,80 327,20 527,40 0,00
Ergebnis je Aktie8 0,48 0,47 0,40 0,20 0,39 0,88 1,03
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - 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 100,100 Kaufen 26.179,33
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
85,56 0,00 0,00 313,79
KBV KCV KUV EV/EBITDA
12,17 49,64 3,28 41,12
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 19.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
06.05.2021 05.08.2021 03.11.2021 16.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
5,97% 11,43% 9,93% 56,02%
    
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E-Commerce , ZAL111 , ZAL , XETR:ZAL