Zalando Full Year 2023 Earnings: Revenues In Line With Expectations

Zalando (ETR:ZAL) Full Year 2023 Results

Key Financial 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.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zalando Meets Expectations

Revenue was in line with analyst estimates.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany.

Performance of the German Specialty Retail industry.

The company's shares are up 14% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Zalando that you should be aware of.

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