Zalando to Post Higher than Expected Adjusted EBIT in First Quarter of 2019

BERLIN, APRIL 15, 2019. Pursuant to current estimates of financial results for the first quarter of 2019, Zalando SE expects a positive adjusted EBIT in the single-digit millions and thus above market expectations (company-compiled median analyst estimate at the date hereof: EUR -10 million).
 
Europe’s leading online platform for fashion and lifestyle expects GMV and revenue growth approximately in line with market expectations (company-compiled median analyst estimates at the date hereof: 23.0% and 15.2% respectively).
 
Chief Financial Officer David Schröder says: “We are pleased with our performance in the first quarter, demonstrating that we are focused on strong execution. These results are in line with the company’s full-year outlook.”
 
All figures reported herein are preliminary and unaudited. Zalando will report its financial figures for the first quarter on May 2, 2019.

 

MEDIA CONTACT

Linda Hübner / Corporate Communications

linda.huebner@zalando.de

+49 (0)152 21817372

Boiler Plate - Q4 2018 - EN NEW

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 26 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.