Ankündigung • Aug 06
Zalando SE Refines Earnings Guidance for the Full-Year of 2026 Zalando SE refined earnings guidance for the full-year of 2026. For the year, the company expects, on a reported basis, revenue growth to be in the lower half of its previous 12% to 17% range in line with market expectations. Reported Earnings • Aug 05
Second quarter 2026 earnings released: EPS: €0.30 (vs €0.37 in 2Q 2025) Second quarter 2026 results: EPS: €0.30 (down from €0.37 in 2Q 2025). Revenue: €3.42b (up 21% from 2Q 2025). Net income: €73.8m (down 24% from 2Q 2025). Profit margin: 2.2% (down from 3.4% in 2Q 2025). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €29.06, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €23.37, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 14% over the past three years. Ankündigung • Mar 31
Zalando SE, Annual General Meeting, May 12, 2026 Zalando SE, Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. Ankündigung • Nov 07
Zalando SE to Report Fiscal Year 2025 Results on Mar 12, 2026 Zalando SE announced that they will report fiscal year 2025 results on Mar 12, 2026 Ankündigung • Oct 30
Zalando SE Announces CFO Changes Zalando SE announced that its Supervisory Board has appointed Anna Dimitrova as Chief Financial Officer (CFO), bringing a wealth of experience to support Zalando's strategy of building the leading pan-European fashion and lifestyle e-commerce ecosystem. She will join the Zalando Management Board and assume responsibility for the Finance and Corporate Governance teams, effective January 1, 2026. With an international career spanning over 20 years, Dimitrova brings extensive experience across all aspects of finance, including M&A, capital markets, and investor relations. She currently serves as Group CFO at Deutsche Glasfaser and has previously held a series of senior leadership roles at Vodafone Group, including CFO of Vodafone in Germany and Czech Republic and Group Financial Controller. As Strategy, Corporate Development & Integration Director for Vodafone Germany, she led the integration and delivery of synergies following the company's acquisitions of Kabel Deutschland and Unity Media. David Schröder, who has been interim CFO since March, will refocus on his responsibilities as Co-CEO. Ankündigung • Apr 16
Zalando SE, Annual General Meeting, May 27, 2025 Zalando SE, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time. Ankündigung • Apr 09
Zalando SE (XTRA:ZAL) acquired I Love Icecream Ltd. Zalando SE (XTRA:ZAL) acquired I Love Icecream Ltd on April 7, 2025. Post completion of the acquisition, DeepAR, which will remain an independent company under its new ownership, will help to further “bridge the gap between physical and digital shopping”.
Zalando SE (XTRA:ZAL) completed the acquisition of I Love Icecream Ltd on April 7, 2025. Ankündigung • Dec 12
Zalando SE (XTRA:ZAL) entered into a definitive business combination agreement to launch a voluntary tender offer to acquire About You Holding SE (DB:YOU) from Otto (GmbH & Co KG), management of About You, HEARTLAND A/S and others for €1.1 billion. Zalando SE (XTRA:ZAL) entered into a definitive business combination agreement to launch a voluntary tender offer to acquire About You Holding SE (DB:YOU) from Otto (GmbH & Co KG), management of About You, HEARTLAND A/S and others for €1.1 billion on December 11, 2024. Zalando offers €6.5 per share. Zalando will finance the offer from existing cash reserves. Otto Group, Otto Family, HEARTLAND and the ABOUT YOU Management entered into binding agreements to sell their ABOUT YOU shares, representing about 73% of ABOUT YOU’s share capital, to Zalando. The transaction is expected to complete in summer of 2025. The transaction is subject to approval by regulatory board / committee. The management board and supervisory board of About You intend to recommend shareholders to accept the offer. J.P. Morgan SE acted as financial advisor for Zalando SE. Carsten Berrar and Peter Klormann from Sullivan & Cromwell LLP acted as legal advisor for Zalando SE. Deutsche Bank Aktiengesellschaft acted as financial advisor for About You Holding SE. White & Case, L.L.P. acted as legal advisor for About You Holding SE. CMS Germany acted as a legal advisor to Heartland. Milbank LLP acted as a legal advisor to Otto. Ankündigung • Nov 05
Zalando SE to Report Fiscal Year 2024 Results on Mar 06, 2025 Zalando SE announced that they will report fiscal year 2024 results on Mar 06, 2025 Ankündigung • May 18
Zalando SE Provides Earnings Guidance for the Year 2024 Zalando SE provided earnings guidance for the year 2024. This year, the company expects an increase in gross merchandise volume and sales growth of between 0% and 5% compared to 2023. The company expects an operating profit. Reported Earnings • May 16
First quarter 2024 earnings released: €0.03 loss per share (vs €0.15 loss in 1Q 2023) First quarter 2024 results: €0.03 loss per share (improved from €0.15 loss in 1Q 2023). Revenue: €2.24b (flat on 1Q 2023). Net loss: €8.90m (loss narrowed 77% from 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 15
Full year 2023 earnings released Full year 2023 results: Revenue: €10.1b (down 1.9% from FY 2022). Net income: €83.0m (up 394% from FY 2022). Profit margin: 0.8% (up from 0.2% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Specialty Retail industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €19.35, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 80% over the past three years. Ankündigung • Nov 02
Zalando SE to Report Fiscal Year 2023 Results on Mar 13, 2024 Zalando SE announced that they will report fiscal year 2023 results on Mar 13, 2024 New Risk • Oct 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). New Risk • Aug 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Large one-off items impacting financial results. New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: €0.07 (vs €0.91 in FY 2021) Full year 2022 results: EPS: €0.07 (down from €0.91 in FY 2021). Revenue: €10.3b (flat on FY 2021). Net income: €16.8m (down 93% from FY 2021). Profit margin: 0.2% (down from 2.3% in FY 2021). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Online Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Ankündigung • Nov 29
Zalando SE, Annual General Meeting, May 24, 2023 Zalando SE, Annual General Meeting, May 24, 2023. Ankündigung • Nov 04
Zalando SE to Report Fiscal Year 2022 Results on Mar 07, 2023 Zalando SE announced that they will report fiscal year 2022 results on Mar 07, 2023 Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 17% share price gain to €32.22, the stock trades at a forward P/E ratio of 99x. Average forward P/E is 24x in the Online Retail industry in the United Kingdom. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 18% share price gain to €29.89, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 16x in the Online Retail industry in Europe. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 17% share price gain to €24.73, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €29.15, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Online Retail industry in Europe. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.12 per share. Buying Opportunity • May 25
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 41%. The fair value is estimated to be €44.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Reported Earnings • May 21
First quarter 2022 earnings released: €0.24 loss per share (vs €0.14 profit in 1Q 2021) First quarter 2022 results: €0.24 loss per share (down from €0.14 profit in 1Q 2021). Revenue: €2.21b (down 1.5% from 1Q 2021). Net loss: €61.3m (down 278% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 21% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be €52.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Reported Earnings • Mar 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.91 (up from €0.90 in FY 2020). Revenue: €10.4b (up 30% from FY 2020). Net income: €234.5m (up 3.7% from FY 2020). Profit margin: 2.3% (down from 2.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 15%, compared to a 26% growth forecast for the retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €45.88, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 21x in the Online Retail industry in the United Kingdom. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €64.65 per share. Reported Earnings • Nov 05
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €2.28b (up 23% from 3Q 2020). Net loss: €8.40m (down 114% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS €0.46 (vs €0.49 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €2.73b (up 34% from 2Q 2020). Net income: €120.4m (down 1.8% from 2Q 2020). Profit margin: 4.4% (down from 6.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Executive Departure • May 27
Member of the Management Board has left the company On the 19th of May, Rubin Ritter's tenure in the role of Member of the Management Board ended. We don't have any record of a personal shareholding under Rubin's name. A total of 6 executives have left over the last 12 months. Executive Departure • May 27
Independent Member of Supervisory Board has left the company On the 19th of May, Jorgen Lindemann's tenure as Independent Member of Supervisory Board ended after 5.0 years in the role. We don't have any record of a personal shareholding under Jorgen's name. A total of 6 executives have left over the last 12 months. Reported Earnings • May 07
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €2.24b (up 47% from 1Q 2020). Net income: €34.5m (up €120.9m from 1Q 2020). Profit margin: 1.5% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS €0.90 (vs €0.40 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €7.98b (up 23% from FY 2019). Net income: €226.1m (up 127% from FY 2019). Profit margin: 2.8% (up from 1.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 12
New 90-day high: €101 The company is up 22% from its price of €82.50 on 13 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.10 per share. Is New 90 Day High Low • Jan 26
New 90-day high: €100 The company is up 24% from its price of €80.62 on 28 October 2020. The British market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.21 per share. Is New 90 Day High Low • Jan 04
New 90-day high: €94.18 The company is up 17% from its price of €80.34 on 06 October 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.03 per share. Is New 90 Day High Low • Dec 17
New 90-day high: €89.56 The company is up 16% from its price of €77.18 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.01 per share. 
