Search

Zalando Expects First Quarter Results Above Market Expectations

April 20, 2021
Financials

BERLIN, April 20, 2021 // Zalando SE expects first quarter results above market expectations as a result of a stronger-than-expected start to the spring-summer season as well as a lower-than-expected return rate. 

According to preliminary figures for the first quarter of 2021, Zalando increased Gross Merchandise Volume (GMV) by 54.5-56.5% to 3.13-3.17 billion euros (Q1 2020: 2.0 billion euros) and revenues by 46-48% to 2.22-2.26 billion euros (Q1 2020: 1.5 billion). Zalando expects an adjusted EBIT in the same period between 80-100 million euros (Q1 2020: -98.6 million euros).

The median of the analysts' consensus surveyed by the company as of March 29, 2021, was 50.0% for GMV growth, 45.5% for revenue growth and 41 million euros for adjusted EBIT.

Chief Financial Officer David Schröder says: “The successful execution of our platform strategy allowed us to serve even more customers and to create opportunities for even more partners amidst a challenging overall European fashion market environment.”

Zalando will publish its financial figures for the first quarter 2021 on May 6, 2021, at 07.00 CET.

Zalando SE Boiler Plate EN

About Zalando

Founded in Berlin in 2008, Zalando is the leading European technology platform for fashion and lifestyle. Connecting 62 million active customers with more than 7,000 brands across 29 markets, our business is built on a unique AI-powered data and infrastructure platform. For our customers, our multi-app approach - comprising Zalando, ABOUT YOU, and Lounge by Zalando - delivers an inspiring, highly personalized shopping experience, serving different customers with different needs. For our partners, we are building the operating system for e-commerce. Through ZEOS, Tradebyte, and SCAYLE, we open our logistics, software, and service capabilities to brands and retailers, enabling them to seamlessly scale their businesses across borders.
For further information, please visit: corporate.zalando.com/en