Zalando : Capital markets day feedback
>No EBIT margin uplift expected - Zalando hosted its Capital Markets Day yesterday (05 June 2018) in Berlin. Since nothing really new was announced during the course of the CMD, we still feel comfortable with our expectation of a relatively low EBIT margin of 4.1% in 2018e. Our margin estimate stands below consensus (which has come down to 4.3%) and in line with the company’s guidance (i.e. no increase in profitability should be expected until 2020e). In 2016 and 2017...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.
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.
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