Earnings Release • May 9, 2014
Earnings Release
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Rubin Ritter, medlem i Zalandos företagsledning, kommenterar: "Inledningen på året har varit lovande, med en betydande förbättring i marginal för det första kvartalet jämfört med första kvartalet föregående år, så vi är på rätt väg med våra planer för 2014. Förbättringen i det första kvartalet understryker vår plan att ta ett viktigt steg mot, men inte fullt nå, positiv rörelsemarginal på koncernnivå 2014. "
Se bifogad pressrelease från Zalando för ytterligare information.
Informationen är sådan som Investment AB Kinnevik (publ) ska offentliggöra enligt lagen om värdepappersmarknaden och/eller lagen om handel med finansiella instrument. Informationen lämnades för offentliggörande fredagen den 9 maj 2014 kl. 8.00.
| Torun Litzén, Informations- och IR-chef |
Telefon +46 (0)8 562 000 83 |
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| Mobil +46 (0)70 762 00 83 |
Investment AB Kinnevik är ett ledande svenskt investeringsbolag, inriktat på aktivt och långsiktigt ägande. Kinnevik investerar huvudsakligen i innovativa tillväxtbolag som med hjälp av teknik utvecklar nya tjänster med konsumentfokus. De flesta av våra innehav finns inom sektorerna kommunikation, E-handel, underhållning och finansiella tjänster. Kinnevik har betydande ägarandelar i mer än 50 bolag i mer än 80 länder som tillsammans sysselsätter 90 000 människor på fem kontinenter.
Kinnevik är en aktiv ägare och utövar sitt inflytande via portföljbolagens styrelser. Bolaget grundades 1936 av tre svenska familjer, som fortsätter att utöva ett aktivt ägarskap och uppmuntra entreprenörsandan i Kinnevik.
Kinneviks aktier handlas på Nasdaq OMX Stockholms lista för stora bolag under kortnamnen KINV A och KINV B.
Berlin, May 9, 2014 - Zalando, Europe's leading online platform for fashion, has had a strong start to the year. Group revenues grew to EUR 501 million1 or by 35 per cent compared to the first quarter in 2013 (Q1/2013: EUR 372 million), which was impacted by adverse weather conditions. Revenues in the DACH region increased by 27 per cent to EUR 284 million (Q1/2013: EUR 223 million). Group EBIT margin improved significantly year-on-year, but remained negative in the first quarter 2014 due to seasonality and continued investment. The improvement was mainly driven by higher fulfilment productivity, increased marketing efficiency and a good start into the spring/summer season.
"The start to the year has been promising, with a significant improvement in Q1 margin year-on-year, so we are on track with our plans for 2014," said Rubin Ritter, Member of the Zalando Management Board. "The improvement in the first quarter underlines our plan to take a significant step towards, but not quite reaching, EBIT breakeven at group level for the full year 2014."
The extension units to the first self-designed fulfilment center in Erfurt have been completed in the first quarter of 2014, making Erfurt the largest e-commerce facility in Europe and resulting in higher fulfilment efficiency. The ramp-up of operations at the new fulfilment center in Mönchengladbach is ongoing and on track.
Zalando registered total visits of 332 million in the first quarter of 2014, compared to 275 million during Q1/2013. The push towards mobile devices has continued, with over 38 per
1 All figures are unaudited, except for full year 2013 numbers.
cent of traffic in Zalando online shops coming from mobile devices and tablets at the end of Q1/2014. Active customers grew to 13.5 million at the end of Q1/2014 compared to 10.3 million at the end of Q1/2013, which further improved marketing efficiency. Various onsite and process improvements like the roll-out of pick-up points in additional countries further improved the customer experience during Q1/2014; additional features like the internationalization of the Zalando mobile app are in the pipeline for the summer.
According to final audited figures, EBIT margin for 2013 improved by 0.7 per cent (0.5 per cent according to preliminary figures) to minus 6.5 per cent from minus 7.2 per cent in 2012.
| Q1/2013 | Q1/2014 | YoY % | FY 2013 | |
|---|---|---|---|---|
| Zalando Group | 372 | 501 | 35% | 1,762 |
| Thereof: DACH1 region |
223 | 284 | 27% | 1,056 |
1 DACH region is comprised of Germany, Austria, and Switzerland.
Zalando (www.zalando.com) is Europe's leading online retailer for shoes and fashion. Working with over 1,500 international brands, Zalando presents an extensive selection of products for women, men and children, ranging from popular high street brands to much sought-after designer labels. Exclusive accessories and sportswear make up Zalando's wide range of products. A combination of unique services – free delivery and returns, a free service helpline and an extended day returns policy – make online shopping at Zalando a convenient and secure online experience. The company was founded by Robert Gentz and David Schneider in 2008 and its headquarters are located in Berlin. Following its success in Germany, Zalando launched an Austrian site in 2009 and shops for the Netherlands and France followed in 2010. In 2011 Zalando expanded to Italy, the UK and to Switzerland. Since 2012 Zalando has also been available in Sweden, Belgium, Spain, Denmark, Finland, Poland, and Norway. Deliveries were extended to Luxembourg in 2013.
Registered at Amtsgericht Charlottenburg Berlin, HRB154823B VAT-ID: DE 260543043 Tax Number: 37/125/21423 Management Board: Robert Gentz, David Schneider, Rubin Ritter Chairperson of the Supervisory Board: Cristina Mayville Stenbeck
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