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DGAP-News: Zalando SE
/ Key word(s): Quarter Results/Half Year Results
Following the strong growth in the first six months of 2020, and especially in the second quarter, with a GMV growth of 33 percent, Zalando will continue to take decisive and transformative steps to enable future growth. The company will invest in customer relationships, growing its active customer base and driving its platform transition. In order to be equipped to further invest with conviction throughout the crisis, the company recently raised one billion euro in additional liquidity through the placement of convertible bonds. Zalando Chief Financial Officer David Schröder says, "In the past months we have proven the strength and agility of Zalando in many ways, no matter how challenging the environment. We have come out of the first wave of this pandemic stronger than we went into it as a result of our strategic clarity, our strong partnerships and an extraordinary team effort. Many of our partners have intensified their business on our platform in the last months, and we have managed to successfully grow together."
Zalando plans to double down on its platform transition in the second half of the year. Key initiatives include the acceleration of the partner program, as well as the Connected Retail program which allows brick-and-mortar retailers to easily scale their digital business, and which has proven highly successful during the first wave of the coronavirus pandemic. Overall, brand and retail partners have significantly increased their activities on the Zalando platform over the past months. In the second quarter of 2020, around 180 new brand partners signed to the partner program. As a result, partner program GMV grew over 100 percent compared to the same period last year. This is accompanied by a high demand for services, such as Zalando Fulfillment Solutions (ZFS). The volume of items shipped through ZFS grew 180 percent, as partners look for efficient ways to reach consumers across Europe as an answer to the accelerated shift towards online. In order to help partners optimize their business, Zalando has just introduced a new generation of data-driven tooling that aims to provide a self-service environment for partners to manage every step on their journey on the Zalando Platform. After the strong growth in the second quarter, Zalando has recently published updated guidance. For the full year 2020, the company expects GMV growth of 20-25 percent and revenue growth of 15-20 percent, an adjusted EBIT of 250-300 million euros and investments between 230-280 million euros. The Half-Year Report, as well as the earnings presentation for analysts and investors, is available on the website. Zalando will report the results for the third quarter of 2020 on November 4, 2020.
Definitions are available in the half-year report and annual report.
ABOUT ZALANDO INVESTOR/ANALYST INQUIRIES
11.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Zalando SE |
| Valeska-Gert-Straße 5 | |
| 10243 Berlin | |
| Germany | |
| E-mail: | |
| Internet: | |
| 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: | 1114717 |
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| End of News | DGAP News Service |
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1114717Â Â 11.08.2020Â
