16.04.2020 Zalando SE  DE000ZAL1111

DGAP-News: Zalando SE: Zalando to Expand Platform Business, Support Brands in Coronavirus Crisis


 

DGAP-News: Zalando SE / Key word(s): Quarterly / Interim Statement/Preliminary Results
Zalando SE: Zalando to Expand Platform Business, Support Brands in Coronavirus Crisis

16.04.2020 / 07:00
The issuer is solely responsible for the content of this announcement.


  • Accelerated platform business: More than 1 million items sold through Partner Program over Easter, up more than 100% from last year
  • Q1 GMV growth expected at 13.1 to 14.3%. Revenue growth at 10.1 to 11.6%
  • Q1 Adjusted EBIT of minus 90 million euros to minus 110 million euros
  • Cash saving measures of 350 million euros for 2020, focusing on strategic investments

BERLIN, APRIL 16, 2020 // Zalando SE, Europe's leading online platform for fashion and lifestyle, aims to accelerate its platform business in 2020. The company has introduced several new initiatives to support fashion brands and retailers during the coronavirus crisis. These will allow partners to connect more easily with the Zalando platform and to access the company's growing customer base of 32 million active customers as of March 31 (+17% year-over-year).

"Over the past weeks, we have taken decisive action to protect our employees and our company from the impact of the coronavirus. Going forward, we will focus our efforts and our investments on accelerating our platform strategy throughout this crisis. For the fashion industry, the time to go online is now, and we can make a difference by supporting our partners to grow their business on our platform," says Zalando co-CEO Rubin Ritter.

Zalando offers immediate support to its brand partners in the Partner Program by allowing them to connect more easily with the Zalando platform. Until the end of June, partners in need of immediate cash relief benefit from faster pay-out terms. Zalando will further improve the visibility for small to midsize partners in its shop. During the Easter Weekend alone, Zalando partners sold more than one million items through the partner program, up more than 100% compared to last year.

The company has also initiated further measures for brick-and-mortar retailers to uphold parts of their business during the lockdowns. Until May 31, partners in the Connected Retail program can sell via the platform without paying commission fees. This led to around 35,000 items sold by brick-and-mortar stores over the Easter Weekend alone.

Zalando will also expand its offering to customers, adding textile face masks to its assortment in the next weeks. All profits generated from the sales will be donated. In line with increasing demand in the sports category, especially for items such as yoga wear and running clothes, Zalando has launched its first ever remotely produced marketing campaign, #TogetherIAmStrong, inspiring customers to stay active at home.

After strong growth in January and February this year, the company initially noticed a significant decrease in customer demand as a consequence of social distancing measures that were taken across Europe. In the three weeks following March 9, Zalando observed negative growth of its Gross Merchandise Volume (GMV) of minus 8% year-over-year. In the two weeks following March 30, GMV started to grow again compared to last year.

According to preliminary figures for the first quarter, Zalando has grown its GMV by 13.1% - 14.3% to 1.98 to 2.00 billion euros (Q1 2019: 1.75 billion), and group revenues by 10.1% - 11.6% to 1.52 to 1.54 billion euros (Q1 2019: 1.38 billion). Zalando expects an adjusted EBIT in a range of minus 90 million to minus 110 million euros (Q1 2019: 6.4 million) as a result of lower sales growth in the first quarter and an exceptional inventory write-down of 40 million euros as a result of the revised sales expectations for the current season. The Zalando Group has access to a current cash position of around 1.03 billion euros (as of March 31, 2020), which allows it to invest through-cycle even in this challenging time.

The company has launched a holistic savings effort for 2020 to counter the negative impact from the coronavirus crisis. Planned savings of 250 million euros in marketing and overhead, as well as reduced capital expenditure of around 100 million euros, will ensure continued financial health and will enable the acceleration of strategic growth initiatives, such as the platform transition. The current plan does not require layoffs or state loans.

"We look back at a challenging quarter. Nevertheless, we have managed to grow our business, and the first weeks of April make us optimistic for the second quarter. We have initiated the right response in order to safeguard the financial success of our business in challenging times and continue to build our strong position in the market," says Zalando CFO David Schröder.

All figures reported herein are preliminary and unaudited. Zalando will publish the financial results for the first quarter of 2020 on May 7, 2020.


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 32 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



16.04.2020 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: 1022667

 
End of News DGAP News Service

1022667  16.04.2020 

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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 97,580 Kaufen 25.520,27
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
83,40 0,00 0,00 305,89
KBV KCV KUV EV/EBITDA
11,86 48,39 3,20 39,99
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
3,10% 8,55% 7,16% 50,59%
    
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