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 Europe’s leading online multi-brand fashion destination. We are building a pan-European ecosystem for fashion and lifestyle e-commerce, along two growth vectors: Business-to-Consumer (B2C) and Business-to-Business (B2B). In B2C, we provide an inspiring, high-quality multi-brand shopping experience for fashion and lifestyle products to more than 50 million active customers across 25 markets. In B2B, we leverage our logistics infrastructure, software, and service capabilities to support brands and retailers in managing and scaling their entire e-commerce business, both on and off the Zalando platform. Through our ecosystem vision, Zalando aims to enable positive change in the fashion and lifestyle industry.