Zalando SE - Earnings Release 2020

News Details

Ad-hoc | 17 June 2020 17:46

Zalando SE: Second Quarter Results Significantly Above Market Expectations

Zalando SE / Key word(s): Half Year Results

Zalando SE: Second Quarter Results Significantly Above Market Expectations

17-Jun-2020 / 17:46 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

BERLIN, JUNE17, 2020 // Zalando SE, Europe’s leading online platform for fashion and lifestyle, expects a significant increase in sales and EBIT in the second quarter, which is significantly above current market expectations. The reasons are the changing consumer behavior, in particular a strongly increasing preference for digital offerings, as well as the continued execution of the platform strategy, including the accelerated expansion of the Zalando partner program.

The median of the analysts’ consensus surveyed by the company as of May 25, 2020 was 19.0 percent for GMV growth, 16.0 percent for revenue growth and 104 million euros for adjusted EBIT.

Zalando will publish a trading statement on July 16, 2020, and will publish its financial figures for the second quarter on August 11, 2020.

Person making the notification: Dr. Martin Hager, Team Lead Capital Markets Law

INVESTOR/ANALYST INQUIRIES

Patrick Kofler

Investor Relations

[email protected]

+49 (0)30 20968 1584

MEDIA INQUIRIES

Linda Hübner

Corporate Communications

[email protected]

+49 (0)152 21817372

17-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Zalando SE
	Valeska-Gert-Straße 5
	10243 Berlin
	Germany
E-mail:	[email protected]
Internet:	https://corporate.zalando.de
ISIN:	DE000ZAL1111
WKN:	ZAL111
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1072497