Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Zalando    ZAL   DE000ZAL1111

ZALANDO (ZAL)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Zalando : says happy with first-quarter despite margin pressure

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/19/2017 | 09:00am CET
A Adidas shoebox stands above a Zalando cardboard box on a staged scene in Berlin

Zalando, Europe's biggest pure online fashion retailer, said it was happy with its start to the year, even as discounting for the post-Christmas sales weighed on its margin.

Zalando said on Wednesday that it expected its first quarter margin on adjusted earnings before interest and taxation (EBIT) to come in at 1 to 3 percent, compared with a Thomson Reuters Smart Estimate for 3 percent.

"The first quarter is always difficult when it comes to margins because of the winter sales," co-Chief Executive Rubin Ritter told Reuters.

He said that overall the first quarter had gone very well, and that the group had had a good response to a new marketing campaign targeting male customers.

"The new season's range has got off to a good start," he added.

Shares in Zalando were indicated down 3 percent after the results, set to be the biggest decliners on the MDAX index of medium-sized German companies.

DZ Bank analyst Thomas Maul said in a note that the lower than expected EBIT was nothing for investors to worry about.

"We believe that the combination of fashion expertise, high operating efficiency and innovative technology gives Zalando a competitive advantage," he wrote.

Founded in Berlin in 2008, Zalando has grown rapidly to become one of the German capital's biggest employers, delivering 1,500 brands in 15 countries from huge out-of-town warehouses.

It said sales in the first three months of the year rose a preliminary 22 to 24 percent to 971 to 987 million euros (812 million pounds to 825.5 million pounds), in line with a Smart Estimate for 982 million euros.

That compares with a growth rate of 24 percent a year ago and a rate of 26 percent in the fourth quarter of 2016.

Zalando, which delivers 1,500 brands to 15 countries, has seen sales growth slow in its core Germany, Austria and Switzerland region, but is still expanding fast in newer markets like the Nordics.

The company, which reports final quarterly results on May 9, reiterated a forecast for 2017 sales growth of 20 to 25 percent in 2017 and an EBIT margin of 5 to 6 percent.

($1 = 0.9331 euros)

(Reporting by Victoria Bryan and Rene Wagner; Editing by Maria Sheahan)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ZALANDO
01/20 ZALANDO SE : Notification and public disclosure of transactions by persons
01/20 ZALANDO SE : Notification and public disclosure of transactions by persons
01/20 ZALANDO SE : Notification and public disclosure of transactions by persons
01/20 ZALANDO SE : Notification and public disclosure of transactions by persons
01/18 ZALANDO SE : Release according to Article 41 of the WpHG [the German Securities ..
01/17 Zalando says to spend to build market share this year
01/17 Q4 AND FULL YEAR 2017 TRADING UPDATE : Zalando Delivers on Profitable Growth
01/17 Q4 AND FULL YEAR 2017 TRADING UPDATE : Zalando Delivers on Profitable Growth
01/12ZALANDO SE : annual sales release
01/09 AMAZON COM : Swiss retail in recovery mode as franc loses shine
More news
News from SeekingAlpha
2017 ZALANDO SE (ZLDSF) Co-CEO Rubin Ritter on Q3 2017 Results - Earnings Call Tra..
2017 ZALANDO SE 2017 Q3 - Results - Earnings Call Slides
2017 ZALANDO SE reports Q3 results
2017 ZALANDO SE reports Q2 results
2017 Morgan Stanley thinks Zalando is well-positioned to survive Prime Wardrobe
Financials (€)
Sales 2017 4 497 M
EBIT 2017 204 M
Net income 2017 123 M
Finance 2017 982 M
Yield 2017 -
P/E ratio 2017 97,78
P/E ratio 2018 75,98
EV / Sales 2017 2,42x
EV / Sales 2018 1,97x
Capitalization 11 855 M
Chart ZALANDO
Duration : Period :
Zalando Technical Analysis Chart | ZAL | DE000ZAL1111 | 4-Traders
Technical analysis trends ZALANDO
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Average target price 44,5 €
Spread / Average Target -7,2%
EPS Revisions
Managers
NameTitle
Lothar Maximilian Lanz Chairman-Supervisory Board
Birgit Opp VP-Corporate Finance & Investor Relations
Christian Meister Manager-Information Technology
Alexander Samwer Member-Supervisory Board
Dylan Ross Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ZALANDO7.27%14 486
INDITEX SA-2.46%108 768
FAST RETAILING CO LTD10.36%48 196
ROSS STORES1.31%32 009
L BRANDS-18.71%14 308
GAP-2.35%13 536