DGAP-Adhoc: Zalando SE: Second Quarter Results Significantly Above Market Expectations
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
Patrick.Kofler@zalando.de
+49 (0)30 20968 1584
MEDIA INQUIRIES
Linda Hübner
Corporate Communications
Linda.Huebner@zalando.de
+49 (0)152 21817372
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1072497 17-Jun-2020 CET/CEST