Zalando SE

XTRA:ZAL Stock Report

Market Cap: €6.0b

Zalando Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Robert Gentz

Chief executive officer

€1.1m

Total compensation

CEO salary percentage46.27%
CEO tenure18yrs
CEO ownershipn/a
Management average tenure7.2yrs
Board average tenure1.1yrs

Recent management updates

Recent updates

Narrative Update • Jun 04

ZAL: Pre Owned Luxury Expansion And Rating Upgrades Will Support Risk Reward Re Rating

Analysts have nudged the fair value estimate for Zalando higher from €51.12 to €51.87 as they factor in updated price targets from several banks and modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent Street research shows a mix of views on Zalando, but the fair value uplift is anchored in several bullish adjustments to price targets and ratings.
Narrative Update • May 17

ZAL: Future Margin Delivery And 2026 Guidance Will Frame Balanced Upside Potential

Zalando's fair value estimate has been revised from €24.00 to €20.00 as analysts refresh their price targets and assumptions, reflecting updated views on revenue growth, margins and future P/E expectations following recent mixed target changes from the Street. Analyst Commentary Recent research highlights a split view on Zalando, with some firms lifting price targets while others trim expectations or strike a more neutral tone.
Narrative Update • May 02

ZAL: Future Margin Execution At Raised €24 Fair Value Will Drive Upside Potential

Narrative Update The analyst price target for Zalando has been adjusted to €24, reflecting recent target increases and rating upgrades from firms that now see a more balanced risk and reward profile at current levels. Analyst Commentary Recent research updates point to a more balanced stance on Zalando, with several firms setting price targets in a tight range around €24 to €25 and using neutral style ratings.
Narrative Update • Apr 17

ZAL: Recent Rating Upgrades Will Support A More Constructive Risk Reward Profile

Narrative Update The updated analyst price target for Zalando shifts only slightly, with a revised fair value of about €51.12. This reflects recent price target moves to around €24 to €25 and analyst views that the risk/reward now looks more balanced at current levels.
Narrative Update • Apr 03

ZAL: Upgraded Ratings And Richer P/E Framework Will Support Future Upside Potential

The updated analyst price target for Zalando moves slightly lower to about €51.32. This reflects modestly softer revenue growth assumptions, a higher future P/E of roughly 27x, and recent Street research that has lifted individual targets into the €24 to €35 range while viewing risk and reward as more balanced at current levels.
Narrative Update • Mar 20

ZAL: Future Execution On Margins And Costs Will Shape Balanced Outlook

Zalando's analyst price target has moved from €23 to €24, as analysts factor in updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E following a series of recent target hikes and rating upgrades. Analyst Commentary Recent Street research on Zalando has focused on recalibrating fair value estimates and risk assumptions rather than issuing aggressive calls in either direction.
Narrative Update • Mar 05

ZAL: Upgraded Ratings And Margin Outlook Will Support Future Upside Potential

Zalando's updated analyst price target now sits at about €51.80, slightly below the prior level of around €51.88, as analysts factor in small adjustments to discount rates, revenue growth, profit margins and future P/E assumptions following recent upgrades that highlight valuation and the appeal of the current entry point. Analyst Commentary Recent research points to a more constructive tone around Zalando, with bullish analysts highlighting valuation support and potential upside if execution stays on track.
Narrative Update • Feb 19

ZAL: Raised Margin Expectations And Higher P/E Support Future Upside Potential

Analysts have raised their price target for Zalando to €51.88. The change is supported by slightly higher assumptions for revenue growth, profit margins and future P/E, along with an adjusted discount rate.
Narrative Update • Feb 05

ZAL: Share Buybacks And Margin Discipline Will Drive Future Upside Potential

The updated analyst price target for Zalando edges slightly lower to €51.88 from €52.25, as analysts factor in a small tweak to profit margin assumptions while still pointing to recent upgrades and higher external targets that highlight interest in the stock at current levels. Analyst Commentary Recent Street research around Zalando highlights a cluster of bullish moves that sit against the slightly lower average price target.
Narrative Update • Jan 21

ZAL: Margins And Share Buybacks Are Expected To Unlock Upside Potential

Zalando's updated analyst price target edges slightly lower, with fair value moving from €52.43 to €52.25 as analysts factor in recent valuation focused upgrades and target tweaks from €28 to €35, from €41 to €39 and from €44 to €53. Analyst Commentary Recent research suggests that bullish analysts are becoming more constructive on Zalando's risk reward profile, with several price targets now clustered in the mid to high €30s and low €50s range.
Narrative Update • Jan 06

ZAL: Margins And Planned Buybacks Are Expected To Drive Shares Higher

Analysts have nudged their blended price expectations on Zalando slightly higher, reflecting a mix of upward revisions to around €53 and more cautious trims to about €39. Updated assumptions now point to a fair value of €52.43, a future P/E of 19.70, a 6.67% discount rate, 15.40% revenue growth and a 3.85% profit margin.
Narrative Update • Dec 14

ZAL Margins And Buybacks Are Expected To Drive Shares Higher

Zalando's analyst fair value has been lifted by about EUR 5 to roughly EUR 52, as analysts highlight a modestly improved profit margin outlook and a more attractive forward valuation despite slightly slower expected revenue growth. Analyst Commentary Bullish analysts note that the recent adjustments to Zalando's price targets reflect growing confidence in the company’s ability to execute on profitability initiatives while maintaining steady top line expansion.
Narrative Update • Sep 11

A Top Pick In A Struggling Industry

The acquisition of ABOUT YOU expands Zalando’s reach and scale while bringing additional experienced leadership to the company. Over the medium term, Zalando is expected to improve both top-line growth and margins across its B2C and B2B businesses, supported by continued investment and synergies with ABOUT YOU.
Analysis Article • Sep 05

Getting In Cheap On Zalando SE (ETR:ZAL) Might Be Difficult

When close to half the companies in Germany have price-to-earnings ratios (or "P/E's") below 18x, you may consider...
Narrative Update • Sep 04

AI Feed And European Expansion Will Redefine E-Commerce Markets

Analysts remain broadly optimistic on Zalando due to anticipated margin expansion and improved operational efficiencies, though some maintain caution over valuation and competition, resulting in an unchanged consensus price target of €36.85. Analyst Commentary Bullish analysts cite potential for margin expansion, particularly from increasing fulfillment capacity utilization, as underestimated by consensus estimates.
Analysis Article • Jul 11

We Think Zalando (ETR:ZAL) Can Manage Its Debt With Ease

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jun 26

If EPS Growth Is Important To You, Zalando (ETR:ZAL) Presents An Opportunity

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
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New Narrative • Nov 27

Dynamic Strategies And Innovative Expansions Set The Stage For Sustained Growth And Success

Zalando's expanded ecosystem and loyalty program aim to enhance customer retention, engagement, and top-line growth.

CEO Compensation Analysis

How has Robert Gentz's remuneration changed compared to Zalando's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

€118m

Dec 31 2025€1m€507k

€215m

Sep 30 2025n/an/a

€241m

Jun 30 2025n/an/a

€271m

Mar 31 2025n/an/a

€270m

Dec 31 2024€405k€390k

€251m

Sep 30 2024n/an/a

€204m

Jun 30 2024n/an/a

€152m

Mar 31 2024n/an/a

€113m

Dec 31 2023€109k€94k

€83m

Sep 30 2023n/an/a

€110m

Jun 30 2023n/an/a

€82m

Mar 31 2023n/an/a

€40m

Dec 31 2022€78k€65k

€17m

Sep 30 2022n/an/a

€5m

Jun 30 2022n/an/a

€32m

Mar 31 2022n/an/a

€139m

Dec 31 2021€45m€65k

€235m

Sep 30 2021n/an/a

€278m

Jun 30 2021n/an/a

€345m

Mar 31 2021n/an/a

€347m

Dec 31 2020€40m€65k

€226m

Sep 30 2020n/an/a

€180m

Jun 30 2020n/an/a

€108m

Mar 31 2020n/an/a

€31m

Dec 31 2019€76k€65k

€100m

Compensation vs Market: Robert's total compensation ($USD1.27M) is below average for companies of similar size in the German market ($USD2.59M).

Compensation vs Earnings: Robert's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Robert Gentz (43 yo)

18yrs
Tenure
€1,094,635
Compensation

Mr. Robert Gentz co-founded Zalando SE in June 2008 and serves as its Co-Chief Executive Officer and has been its Member of Management Board since June 2008 and also serves as its General Manager, responsi...

Leadership Team

NamePositionTenureCompensationOwnership
Robert Gentz
Co-Founder18yrs€1.09mno data
David Schroder
Co-CEO & Member of the Management Board7.2yrs€4.67mno data
David Schneider
Co-Founder18yrs€647.37kno data
Astrid Arndt
Chief People Officer of Corporate Functions & Member of Management Board5.2yrs€1.30mno data
Anna Dimitrova
CFO & Member of Management Boardless than a yearno datano data
Birgit Opp
Vice President of Corporate Finance & Investor Relationsno datano datano data
Patrick Kofler
Head of Investor Relationsno datano datano data
Lena Wallenhorst
Senior Vice President of Corporate Governance & General Counselno datano datano data
Martin Rost
Senior Vice President of Offprice (Zalando Lounge & Outlets)no datano datano data
Simon Thiel
Senior Vice-President of Corporate Affairsno datano datano data
Joanna Rogers
Senior Vice President of Propositionsno datano datano data
Anne Pascual
Vice President of Product & Designno datano datano data
7.2yrs
Average Tenure
44yo
Average Age

Experienced Management: ZAL's management team is seasoned and experienced (7.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Anders Povlsen
Member of the Supervisory Board12.5yrs€90.00k11.07%
€ 669.2m
Kelly Bennett
Independent Chairperson of Supervisory Board7.1yrs€220.00kno data
Alice Delahunt
Shareholder Representative Member of Supervisory Board1.1yrs€54.00kno data
Mariella Röhm-Kottmann
Independent Deputy Chairperson of the Supervisory Board7.1yrs€200.00kno data
Niklas Ostberg
Shareholder Representative Member of Supervisory Board5.1yrs€90.00kno data
Zbigniew Laskowski
Employee Representative Member of Supervisory Board1.1yrs€54.00kno data
Rose Reynolds
Employee Representative Member of Supervisory Board1.1yrs€66.00kno data
Margaret Reed Sloan
Employee Representative Member of Supervisory Board1.1yrs€54.00kno data
Peter Sebastian Sarlin
Independent Member of Supervisory Boardless than a yearno datano data
1.1yrs
Average Tenure
44yo
Average Age

Experienced Board: ZAL's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 10:13
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Zalando SE is covered by 47 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christian ObstBaader Helvea Equity Research
Volker BosseBaader Helvea Equity Research
Alejandro Conde FraisoliBanco Santander