ZALANDO: Towards strong 2020 figures with a new CMD in sight | Conviction BUY | EUR107 VS. EUR105 (+9%)
ZALANDO - Conviction BUY | EUR107 VS. EUR105 (+9%)Towards strong 2020 figures with a new CMD in sight
2020 sales growth to top the guidance
Towards better 2020 EBIT with return rates once again declining
2021 to be the last year of the “transition period”
Upcoming new CMD in Q1 2021?
Conviction Buy reiterated with TP lifted from EUR105 to EUR107
Zalando 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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