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DGAP-Adhoc: Zalando SE: Second Quarter Results Significantly Above Market Expectations

eqs_en 
0 0 17.06.20
DGAP-Adhoc: Zalando SE: Second Quarter Results Significantly Above Market Expectations: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23748/Zalando_logo.svg.png
 

DGAP-Ad-hoc: Zalando SE / Key word(s): Half Year Results
Zalando SE: Second Quarter Results Significantly Above Market Expectations

17-Jun-2020 / 17:46 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

BERLIN, JUNE17, 2020 // Zalando SE, Europe's leading online platform for fashion and lifestyle, expects a significant increase in sales and EBIT in the second quarter, which is significantly above current market expectations. The reasons are the changing consumer behavior, in particular a strongly increasing preference for digital offerings, as well as the continued execution of the platform strategy, including the accelerated expansion of the Zalando partner program.

The median of the analysts' consensus surveyed by the company as of May 25, 2020 was 19.0 percent for GMV growth, 16.0 percent for revenue growth and 104 million euros for adjusted EBIT.

Zalando will publish a trading statement on July 16, 2020, and will publish its financial figures for the second quarter on August 11, 2020.

Person making the notification: Dr. Martin Hager, Team Lead Capital Markets Law

INVESTOR/ANALYST INQUIRIES
Patrick Kofler
Investor Relations
[email protected]
+49 (0)30 20968 1584

MEDIA INQUIRIES
Linda Hübner
Corporate Communications
[email protected]
+49 (0)152 21817372

 

17-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Zalando SE
Valeska-Gert-Straße 5
10243 Berlin
Germany
E-mail: [email protected]
Internet: https://corporate.zalando.de
ISIN: DE000ZAL1111
WKN: ZAL111
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1072497

 
End of Announcement DGAP News Service

1072497  17-Jun-2020 CET/CEST

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Zalando SE Stock

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Zalando SE took a tumble today and lost -€1.050 (-3.980%).
Our community is currently high on Zalando SE with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 30 € shows a slightly positive potential of 18.34% compared to the current price of 25.35 € for Zalando SE.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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