Zalando: Singin' in the rain while upgrading guidance
Zalando has raised its FY 2024 guidance, with css 3% below on EBIT, thanks to a rainy September and downsized capex. But our attention is mostly on the structurally lower capex plan beyond 2024, marking Zalando's more pragmatic approach to online penetration and growth prospects (unlocking a FCF buZalando is an e-commerce group based in Germany. Co. is engaged in the online retailing of clothing, shoes and accessories for women, men and children. Co.'s product offering include more than 1,500 brands, including global and local brands, as well as private labels, including shoes, clothing and accessores as well as sportswear and homeware designed especially for the Co. The Co.'s product offering is complimented by the Zalando Lounge and Zalon apps, which provides registered members special offers at discounted prices. Co. also provides a combination of services that include free delivery and returns.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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