View ValuationZalando 향후 성장Future 기준 점검 4/6Zalando (는) 각각 연간 30.8% 및 6.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 31.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15.5% 로 예상됩니다.핵심 정보30.8%이익 성장률31.59%EPS 성장률Specialty Retail 이익 성장11.7%매출 성장률6.5%향후 자기자본이익률15.51%애널리스트 커버리지Good마지막 업데이트02 Jun 2026최근 향후 성장 업데이트공시 • 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.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • May 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CHF20.98, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 79% over the past three years.공시 • Mar 31Zalando SE, Annual General Meeting, May 12, 2026Zalando SE, Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time.공시 • 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, 2026공시 • 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, 2026공시 • 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.공시 • Apr 16Zalando SE, Annual General Meeting, May 27, 2025Zalando SE, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time.공시 • 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.공시 • 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, 2025공시 • 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.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 6.7% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.공시 • 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, 2025공시 • 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. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.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 7.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Europe.공시 • 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, 2024New Risk • Nov 24New 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: 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 24Third 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. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.공시 • 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: 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 20New 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. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 09Full 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 16% growth forecast for the Online Retail industry in Europe. 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 35% per year, which means it is well ahead of earnings.공시 • 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, 2023공시 • Nov 29Zalando SE, Annual General Meeting, May 24, 2023Zalando SE, Annual General Meeting, May 24, 2023.공시 • Nov 04Zalando SE to Report Fiscal Year 2022 Results on Mar 07, 2023Zalando SE announced that they will report fiscal year 2022 results on Mar 07, 2023Reported Earnings • May 21First 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 36% growth forecast for the industry in Switzerland. 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 34% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 08Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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 41% growth forecast for the retail industry in Switzerland. 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 41% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improved over the past weekAfter last week's 36% share price gain to CHF107, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 16x in the Online Retail industry in Europe. Total returns to shareholders of 254% over the past three years.Reported Earnings • Nov 05Third quarter 2021 earnings releasedThe 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 38% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 08Second 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 29% per year, which means it is significantly lagging earnings growth.Executive Departure • May 27Member of the Management Board has left the companyOn 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 27Independent Member of Supervisory Board has left the companyOn 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 07First quarter 2021 earnings releasedThe 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 24% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 19Full 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 whereas the company’s share price has increased by 28% per year.Is New 90 Day High Low • Jan 16New 90-day high: CHF110The company is up 10.0% from its price of CHF100.00 on 16 October 2020. The Swiss 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 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF44.39 per share.Analyst Estimate Surprise Post Earnings • Nov 07Revenue misses expectationsRevenue missed analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 21%, compared to a 34% growth forecast for the Online Retail industry in Switzerland.Is New 90 Day High Low • Oct 29New 90-day high: CHF105The company is up 106% from its price of CHF51.00 on 30 July 2020. The Swiss market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF51.59 per share.이익 및 매출 성장 예측SWX:ZAL - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202815,7035527421,1582112/31/202714,8484406581,0242312/31/202613,994291364648233/31/202612,923118572831N/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/A6/30/20152,54494N/A196N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: ZAL 의 연간 예상 수익 증가율(30.8%)이 saving rate(0.6%)보다 높습니다.수익 vs 시장: ZAL 의 연간 수익(30.8%)이 Swiss 시장(10.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: ZAL 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: ZAL 의 수익(연간 6.5%)이 Swiss 시장(연간 4.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: ZAL 의 수익(연간 6.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: ZAL의 자본 수익률은 3년 후 15.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/17 09:03종가2026/06/17 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Zalando SE는 47명의 분석가가 다루고 있습니다. 이 중 23명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Christian ObstBaader Helvea Equity ResearchVolker BosseBaader Helvea Equity ResearchAlejandro Conde FraisoliBanco Santander44명의 분석가 더 보기
공시 • 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 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CHF20.98, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 79% over the past three years.
공시 • Mar 31Zalando SE, Annual General Meeting, May 12, 2026Zalando SE, Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time.
공시 • 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
공시 • 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
공시 • 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.
공시 • Apr 16Zalando SE, Annual General Meeting, May 27, 2025Zalando SE, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time.
공시 • 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.
공시 • 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
공시 • 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.
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 6.7% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
공시 • 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
공시 • 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. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
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 7.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Europe.
공시 • 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
New Risk • Nov 24New 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: 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 24Third 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. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
공시 • 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: 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 20New 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 09Full 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 16% growth forecast for the Online Retail industry in Europe. 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 35% per year, which means it is well ahead of earnings.
공시 • 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
공시 • Nov 29Zalando SE, Annual General Meeting, May 24, 2023Zalando SE, Annual General Meeting, May 24, 2023.
공시 • Nov 04Zalando SE to Report Fiscal Year 2022 Results on Mar 07, 2023Zalando SE announced that they will report fiscal year 2022 results on Mar 07, 2023
Reported Earnings • May 21First 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 36% growth forecast for the industry in Switzerland. 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 34% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 08Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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 41% growth forecast for the retail industry in Switzerland. 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 41% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improved over the past weekAfter last week's 36% share price gain to CHF107, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 16x in the Online Retail industry in Europe. Total returns to shareholders of 254% over the past three years.
Reported Earnings • Nov 05Third quarter 2021 earnings releasedThe 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 38% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 08Second 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 29% per year, which means it is significantly lagging earnings growth.
Executive Departure • May 27Member of the Management Board has left the companyOn 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 27Independent Member of Supervisory Board has left the companyOn 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 07First quarter 2021 earnings releasedThe 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 24% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 19Full 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 whereas the company’s share price has increased by 28% per year.
Is New 90 Day High Low • Jan 16New 90-day high: CHF110The company is up 10.0% from its price of CHF100.00 on 16 October 2020. The Swiss 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 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF44.39 per share.
Analyst Estimate Surprise Post Earnings • Nov 07Revenue misses expectationsRevenue missed analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 21%, compared to a 34% growth forecast for the Online Retail industry in Switzerland.
Is New 90 Day High Low • Oct 29New 90-day high: CHF105The company is up 106% from its price of CHF51.00 on 30 July 2020. The Swiss market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF51.59 per share.