View ValuationZalando 将来の成長Future 基準チェック /46Zalando利益と収益がそれぞれ年間31.1%と6.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.5% 31.6%なると予測されています。主要情報31.1%収益成長率31.57%EPS成長率Specialty Retail 収益成長11.7%収益成長率6.5%将来の株主資本利益率15.51%アナリストカバレッジGood最終更新日08 Jul 2026今後の成長に関する最新情報お知らせ • May 18Zalando SE Provides Earnings Guidance for the Year 2024Zalando 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.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł95.94, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 30% over the past year.Reported Earnings • May 06First quarter 2026 earnings released: €0.34 loss per share (vs €0.04 profit in 1Q 2025)First quarter 2026 results: €0.34 loss per share (down from €0.04 profit in 1Q 2025). Revenue: €3.00b (up 24% from 1Q 2025). Net loss: €87.6m (down €97.5m from profit in 1Q 2025). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Europe.お知らせ • Mar 31Zalando SE, Annual General Meeting, May 12, 2026Zalando SE, Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time.Reported Earnings • Mar 13Full year 2025 earnings releasedFull year 2025 results: Revenue: €12.3b (up 17% from FY 2024). Net income: €212.7m (down 15% from FY 2024). Profit margin: 1.7% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Europe.お知らせ • Nov 19+ 2 more updatesZalando SE to Report Q2, 2026 Results on Aug 04, 2026Zalando SE announced that they will report Q2, 2026 results on Aug 04, 2026Reported Earnings • Nov 07Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €3.02b (up 27% from 3Q 2024). Net income: €14.8m (down 67% from 3Q 2024). Profit margin: 0.5% (down from 1.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Poland.お知らせ • Nov 07Zalando SE to Report Fiscal Year 2025 Results on Mar 12, 2026Zalando SE announced that they will report fiscal year 2025 results on Mar 12, 2026Valuation Update With 7 Day Price Move • Nov 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to zł96.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Specialty Retail industry in Poland. Total loss to shareholders of 15% over the past year.New Risk • Nov 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.お知らせ • Oct 30Zalando SE Announces CFO ChangesZalando 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.Valuation Update With 7 Day Price Move • Aug 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to zł96.88, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total loss to shareholders of 2.9% over the past year.Reported Earnings • Aug 06Second quarter 2025 earnings released: EPS: €0.37 (vs €0.37 in 2Q 2024)Second quarter 2025 results: EPS: €0.37 (up from €0.37 in 2Q 2024). Revenue: €2.84b (up 7.3% from 2Q 2024). Net income: €96.6m (flat on 2Q 2024). Profit margin: 3.4% (down from 3.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Europe.お知らせ • Apr 16Zalando SE, Annual General Meeting, May 27, 2025Zalando SE, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time.お知らせ • Apr 09Zalando 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.お知らせ • Jan 01+ 2 more updatesZalando SE to Report Q2, 2025 Results on Aug 06, 2025Zalando SE announced that they will report Q2, 2025 results on Aug 06, 2025お知らせ • Dec 12Zalando 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.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 19%After last week's 19% share price gain to zł147, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 56% over the past year. Simply Wall St's valuation model estimates the intrinsic value at zł258 per share.Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: €0.17 (vs €0.03 loss in 3Q 2023)Third quarter 2024 results: EPS: €0.17 (up from €0.03 loss in 3Q 2023). Revenue: €2.39b (up 5.0% from 3Q 2023). Net income: €44.3m (up €52.5m from 3Q 2023). Profit margin: 1.9% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Poland.お知らせ • Nov 05Zalando SE to Report Fiscal Year 2024 Results on Mar 06, 2025Zalando SE announced that they will report fiscal year 2024 results on Mar 06, 2025Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 19%After last week's 19% share price gain to zł110, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 5.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at zł209 per share.お知らせ • May 18Zalando SE Provides Earnings Guidance for the Year 2024Zalando 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 16First 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 6.0% growth forecast for the Specialty Retail industry in Europe.Reported Earnings • Mar 15Full year 2023 earnings releasedFull 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 6.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Europe.お知らせ • Feb 24+ 3 more updatesZalando SE to Report Q1, 2024 Results on May 07, 2024Zalando SE announced that they will report Q1, 2024 results on May 07, 2024Valuation Update With 7 Day Price Move • Jan 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł84.54, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 14x in the Specialty Retail industry in Europe.New Risk • Nov 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% 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 Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.3% increase in shares outstanding).Reported Earnings • Nov 23Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €2.27b (down 3.2% from 3Q 2022). Net loss: €8.20m (loss narrowed 77% from 3Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Europe.お知らせ • Nov 02Zalando SE to Report Fiscal Year 2023 Results on Mar 13, 2024Zalando SE announced that they will report fiscal year 2023 results on Mar 13, 2024New Risk • Oct 28New minor risk - Shareholder dilutionThe 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).Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to zł95.44, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 12x in the Specialty Retail industry in Europe.New Risk • Aug 18New minor risk - Earnings qualityThe 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.Buying Opportunity • Jul 14Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be zł159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.Buying Opportunity • Jun 30Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be zł153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.お知らせ • Nov 30+ 1 more updateZalando SE to Report Q3, 2023 Results on Nov 02, 2023Zalando SE announced that they will report Q3, 2023 results on Nov 02, 2023業績と収益の成長予測WSE:ZAL - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202815,6975537081,1572112/31/202714,8384416141,0202312/31/202613,995284383686233/31/202612,923118572831N/A12/31/202512,3462159041,126N/A9/30/202511,575241397611N/A6/30/202510,943271215415N/A3/31/202510,751270432613N/A12/31/202410,573251447654N/A9/30/202410,3292048581,114N/A6/30/202410,2161528381,125N/A3/31/202410,1291137291,014N/A12/31/202310,14383686950N/A9/30/202310,255110486767N/A6/30/202310,32982702990N/A3/31/202310,39540432755N/A12/31/202210,34517108460N/A9/30/202210,2775-41361N/A6/30/202210,21132-35032N/A3/31/202210,321139-102258N/A12/31/202110,354235283616N/A9/30/20219,828278-15262N/A6/30/20219,394345411661N/A3/31/20218,696347443685N/A12/31/20207,982226277527N/A9/30/20207,395180337581N/A6/30/20207,06610867368N/A3/31/20206,62931-187125N/A12/31/20196,483100N/A327N/A9/30/20196,15871N/A318N/A6/30/20195,83742N/A293N/A3/31/20195,57049N/A230N/A12/31/20185,38851N/A213N/A9/30/20185,06056N/A18N/A6/30/20184,93487N/A136N/A3/31/20184,70583N/A135N/A12/31/20174,489103N/A194N/A9/30/20174,247103N/A220N/A6/30/20174,007118N/A191N/A3/31/20173,823121N/A268N/A12/31/20163,639121N/A276N/A9/30/20163,416163N/A289N/A6/30/20163,294130N/A244N/A3/31/20163,111102N/A122N/A12/31/20152,958122N/A119N/A9/30/20152,75566N/A117N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ZALの予測収益成長率 (年間31.1% ) は 貯蓄率 ( 5.3% ) を上回っています。収益対市場: ZALの収益 ( 31.1% ) はPolish市場 ( 12% ) よりも速いペースで成長すると予測されています。高成長収益: ZALの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: ZALの収益 ( 6.5% ) Polish市場 ( 4.6% ) よりも速いペースで成長すると予測されています。高い収益成長: ZALの収益 ( 6.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ZALの 自己資本利益率 は、3年後には低くなると予測されています ( 15.5 %)。成長企業の発掘7D1Y7D1Y7D1YRetail 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/14 19:15終値2026/07/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Zalando SE 23 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。47 アナリスト機関Christian ObstBaader Helvea Equity ResearchVolker BosseBaader Helvea Equity ResearchAlejandro Conde FraisoliBanco Santander44 その他のアナリストを表示
お知らせ • May 18Zalando SE Provides Earnings Guidance for the Year 2024Zalando 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.
Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł95.94, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 30% over the past year.
Reported Earnings • May 06First quarter 2026 earnings released: €0.34 loss per share (vs €0.04 profit in 1Q 2025)First quarter 2026 results: €0.34 loss per share (down from €0.04 profit in 1Q 2025). Revenue: €3.00b (up 24% from 1Q 2025). Net loss: €87.6m (down €97.5m from profit in 1Q 2025). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Europe.
お知らせ • Mar 31Zalando SE, Annual General Meeting, May 12, 2026Zalando SE, Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time.
Reported Earnings • Mar 13Full year 2025 earnings releasedFull year 2025 results: Revenue: €12.3b (up 17% from FY 2024). Net income: €212.7m (down 15% from FY 2024). Profit margin: 1.7% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Europe.
お知らせ • Nov 19+ 2 more updatesZalando SE to Report Q2, 2026 Results on Aug 04, 2026Zalando SE announced that they will report Q2, 2026 results on Aug 04, 2026
Reported Earnings • Nov 07Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €3.02b (up 27% from 3Q 2024). Net income: €14.8m (down 67% from 3Q 2024). Profit margin: 0.5% (down from 1.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Poland.
お知らせ • Nov 07Zalando SE to Report Fiscal Year 2025 Results on Mar 12, 2026Zalando SE announced that they will report fiscal year 2025 results on Mar 12, 2026
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to zł96.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Specialty Retail industry in Poland. Total loss to shareholders of 15% over the past year.
New Risk • Nov 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.
お知らせ • Oct 30Zalando SE Announces CFO ChangesZalando 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.
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to zł96.88, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total loss to shareholders of 2.9% over the past year.
Reported Earnings • Aug 06Second quarter 2025 earnings released: EPS: €0.37 (vs €0.37 in 2Q 2024)Second quarter 2025 results: EPS: €0.37 (up from €0.37 in 2Q 2024). Revenue: €2.84b (up 7.3% from 2Q 2024). Net income: €96.6m (flat on 2Q 2024). Profit margin: 3.4% (down from 3.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Europe.
お知らせ • Apr 16Zalando SE, Annual General Meeting, May 27, 2025Zalando SE, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time.
お知らせ • Apr 09Zalando 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.
お知らせ • Jan 01+ 2 more updatesZalando SE to Report Q2, 2025 Results on Aug 06, 2025Zalando SE announced that they will report Q2, 2025 results on Aug 06, 2025
お知らせ • Dec 12Zalando 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.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 19%After last week's 19% share price gain to zł147, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 56% over the past year. Simply Wall St's valuation model estimates the intrinsic value at zł258 per share.
Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: €0.17 (vs €0.03 loss in 3Q 2023)Third quarter 2024 results: EPS: €0.17 (up from €0.03 loss in 3Q 2023). Revenue: €2.39b (up 5.0% from 3Q 2023). Net income: €44.3m (up €52.5m from 3Q 2023). Profit margin: 1.9% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Poland.
お知らせ • Nov 05Zalando SE to Report Fiscal Year 2024 Results on Mar 06, 2025Zalando SE announced that they will report fiscal year 2024 results on Mar 06, 2025
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 19%After last week's 19% share price gain to zł110, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 5.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at zł209 per share.
お知らせ • May 18Zalando SE Provides Earnings Guidance for the Year 2024Zalando 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 16First 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 6.0% growth forecast for the Specialty Retail industry in Europe.
Reported Earnings • Mar 15Full year 2023 earnings releasedFull 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 6.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Europe.
お知らせ • Feb 24+ 3 more updatesZalando SE to Report Q1, 2024 Results on May 07, 2024Zalando SE announced that they will report Q1, 2024 results on May 07, 2024
Valuation Update With 7 Day Price Move • Jan 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł84.54, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 14x in the Specialty Retail industry in Europe.
New Risk • Nov 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% 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 Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.3% increase in shares outstanding).
Reported Earnings • Nov 23Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €2.27b (down 3.2% from 3Q 2022). Net loss: €8.20m (loss narrowed 77% from 3Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Europe.
お知らせ • Nov 02Zalando SE to Report Fiscal Year 2023 Results on Mar 13, 2024Zalando SE announced that they will report fiscal year 2023 results on Mar 13, 2024
New Risk • Oct 28New minor risk - Shareholder dilutionThe 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).
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to zł95.44, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 12x in the Specialty Retail industry in Europe.
New Risk • Aug 18New minor risk - Earnings qualityThe 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.
Buying Opportunity • Jul 14Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be zł159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.
Buying Opportunity • Jun 30Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be zł153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.
お知らせ • Nov 30+ 1 more updateZalando SE to Report Q3, 2023 Results on Nov 02, 2023Zalando SE announced that they will report Q3, 2023 results on Nov 02, 2023