Report
Anne-Barbara Nicco

Zalando : Update following About You acquisition and ODDO BHF Forum in Lyon

Following the announcement of Zalando's acquisition of About You for € 1.1bn in cash in December 2024 and our meeting with management at the ODDO-BHF 2025 Forum in Lyon, we are today issuing an update on the group's credit outlook. We are sticking with our positive view of the group and are adjusting our recommendations on convertible bonds (credit profile) in light of their maturities and the yields they offer.
Underlying
Zalando SE

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Anne-Barbara Nicco

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