New Risk • May 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.9% Last year net profit margin: 2.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • May 06
First 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. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • 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. Reported Earnings • Mar 13
Full year 2025 earnings released Full 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. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Third quarter 2025 earnings released: EPS: €0.06 (vs €0.17 in 3Q 2024) Third quarter 2025 results: EPS: €0.06 (down from €0.17 in 3Q 2024). 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 9.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • 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 Announcement • 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. New Risk • Oct 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.2% 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. Reported Earnings • Aug 06
Second 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. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • May 31
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 Austrian stocks, typically moving 6.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: €0.04 (vs €0.03 loss in 1Q 2024) First quarter 2025 results: EPS: €0.04 (up from €0.03 loss in 1Q 2024). Revenue: €2.42b (up 7.9% from 1Q 2024). Net income: €9.90m (up €18.8m from 1Q 2024). Profit margin: 0.4% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • 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. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €33.37, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.32 per share. Announcement • 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. Reported Earnings • Mar 08
Full year 2024 earnings released: EPS: €0.97 (vs €0.32 in FY 2023) Full year 2024 results: EPS: €0.97 (up from €0.32 in FY 2023). Revenue: €10.6b (up 4.2% from FY 2023). Net income: €251.1m (up 203% from FY 2023). Profit margin: 2.4% (up from 0.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €33.32. The fair value is estimated to be €27.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Announcement • 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. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €33.04, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 58% over the past three years. Reported Earnings • Nov 07
Third 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 fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • 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 Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €25.79, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total loss to shareholders of 71% over the past three years. Announcement • 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 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 31 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 14
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 5.5% growth forecast for the Specialty Retail industry in Europe. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €22.65, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €19.02, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 14x in the Specialty Retail industry in Europe. Total loss to shareholders of 80% over the past three years. New Risk • Nov 24
New minor risk - Earnings quality The 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 Share price has been highly volatile over the past 3 months (6.9% average weekly change). 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 24
Third quarter 2023 earnings released Third 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 33 percentage points per year, which is a significant difference in performance. Announcement • 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 27
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 Share price has been highly volatile over the past 3 months (5.9% average weekly change). 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 18
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: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: €0.065 (vs €0.91 in FY 2021) Full year 2022 results: EPS: €0.065 (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 5% per year, which means it is well ahead of earnings. Announcement • Nov 29
Zalando SE, Annual General Meeting, May 24, 2023 Zalando SE, Annual General Meeting, May 24, 2023. Announcement • 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 Announcement • Oct 12
Pollen Street Capital Limited acquired 60% stake in PAIR Finance GmbH. Pollen Street Capital Limited acquired 60% stake in PAIR Finance GmbH on October 11, 2022. The London-based investor's private equity funds are taking over 60 percent, while Finleap remains on board with a minority. PAIR has 200 employees and has an annual turnover of around €30 million. Orrick Hölters & Elsing acted as legal advisor to PAIR Finance GmbH in this transaction.
Pollen Street Capital Limited completed the acquisition of 60% stake in PAIR Finance GmbH on October 11, 2022. Announcement • Aug 06
Zalando SE Provides Financial Guidance for the Financial Year 2022 Zalando SE provided financial guidance for the financial year 2022. For the year, the company expected GMV to grow 3% to 7% and Revenue is expected to grow 0% to 3%. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 16% share price gain to €29.86, 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 • Jun 14
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €27.56, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Online Retail industry in Europe. Total loss to shareholders of 30% over the past three years. Announcement • Jun 14
Zalando SE (XTRA:ZAL) acquired an unknown majority stake in Highsnobiety. Zalando SE (XTRA:ZAL) acquired an unknown majority stake in Highsnobiety on June 13, 2022. Highsnobiety was advised in this transaction by Liontree, V14 - Vogel, Heerma & Waitz and Taxess. Zalando was advised by White&Case, PwC and McKinsey.
Zalando SE (XTRA:ZAL) completed the acquisition of an unknown majority stake in Highsnobiety on June 13, 2022. Buying Opportunity • Jun 01
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be €46.70, 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 32% per annum over the same time period. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 20% share price gain to €39.15, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Online Retail industry in Europe. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.39 per share. 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 36% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €31.94, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 18x in the Online Retail industry in Europe. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.81 per share. Buying Opportunity • Apr 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 34%. The fair value is estimated to be €55.38, 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 41% growth forecast for the retail industry in Austria. 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 10% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be €57.51, 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% per annum over the last 3 years. Earnings per share has grown by 71% per annum over the last 3 years. Announcement • Mar 03
Zalando SE to Report Q3, 2022 Results on Nov 03, 2022 Zalando SE announced that they will report Q3, 2022 results on Nov 03, 2022 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 35% 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 26% 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 08
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 25% per year, which means it is significantly lagging earnings growth. Announcement • May 06
Zalando SE Revises Earnings Guidance for the Year 2021 Zalando SE revised earnings guidance for the year 2021. Zalando upgrades its outlook for the financial year 2021 following exceptionally strong and profitable growth in the first quarter, continued elevated growth levels in the second quarter, and a stable outlook for the second half of the year. The company now expects Gross Merchandise Volume (GMV) to grow 31-36% to 14.0-14.6 billion euros for the financial year 2021. The company expects revenues to grow 26-31% to EUR 10.1billion - EUR 10.5 billion. Zalando previously assumed GMV growth of 27-32%, revenue growth of 24-29% for the full year 2021. Announcement • Apr 23
Zalando Se Provides Earnings Guidance for the First Quarter of 2021 Zalando SE provided earnings guidance for the first quarter of 2021. According to preliminary figures for the first quarter of 2021, Zalando increased Gross Merchandise Volume (GMV) by 54.5-56.5% to EUR 3.13 to EUR 3.17 billion (Q1 2020: EUR 2.0 billion) and revenues by 46-48% to EUR 2.22-2.26 billion (Q1 2020: 1.5 billion). 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 23% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 16
New 90-day high: €102 The company is up 29% from its price of €79.18 on 18 November 2020. The Austrian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.43 per share. Is New 90 Day High Low • Jan 26
New 90-day high: €100 The company is up 21% from its price of €82.86 on 27 October 2020. The Austrian market is up 37% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Online Retail industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.10 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €90.22 The company is up 20% from its price of €75.16 on 18 September 2020. The Austrian market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Online Retail industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €58.39 per share. Announcement • Nov 20
Zalando SE to Report Q4, 2020 Results on Mar 02, 2021 Zalando SE announced that they will report Q4, 2020 results on Mar 02, 2021 Analyst Estimate Surprise Post Earnings • Nov 06
Revenue misses expectations Revenue 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 Austria. Is New 90 Day High Low • Oct 21
New 90-day high: €85.80 The company is up 32% from its price of €65.12 on 22 July 2020. The Austrian market is down 3.0% 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 €38.97 per share. Announcement • Oct 18
Zalando SE (XTRA:ZAL) acquired Fision AG. Zalando SE (XTRA:ZAL) acquired Fision AG on October 16, 2020. The Fision AG team will continue to be based in Zurich while fully integrating with Zalando SE.
Zalando SE (XTRA:ZAL) completed the acquisition of Fision AG on October 16, 2020. Announcement • Oct 10
Zalando SE Revised Earnings Guidance for the Full Year of 2020 Zalando SE revised earnings guidance for the full year of 2020. The company now expects gross merchandise volume (GMV) to grow 25-27%, revenues to grow 20-22% for the financial year 2020. In its outlook published on July 15, 2020, the company previously assumed GMV growth of 20-25%, revenue growth of 15-20% for the full year. Is New 90 Day High Low • Sep 29
New 90-day high: €78.26 The company is up 24% from its price of €63.24 on 26 June 2020. The Austrian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.00 per share. 
