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.
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Zalando is Europe’s leading online platform for fashion and lifestyle. Founded in Berlin in 2008, we bring head-to-toe fashion to around 45 million active customers in 23 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 vision is to be the Starting Point for Fashion and a sustainable platform with a net-positive impact for people and the planet.