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Zalando expects business growth of 20-25% in the fourth quarter
DGAP-News: Zalando SE / Keyword (s):
figures 9 months / quarter / interim report
Zalando expects business growth of 20-25% in the fourth quarter
06.11.2018 / 08:00
The content of the communication is the responsibility of the sender / publisher.
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ZALANDO EXPECTS BUSINESS GROWTH OF 20-25% IN FOURTH QUARTER
* Revenue growth of 11.7% in the third quarter of 2018,
GMV growth of 16.6%
* The number of orders increases by 22.8% to 27.7 million
* 25.1 million active customers, representing 6% of the European population
* Zalando confirms the forecasts for all the year
BERLIN, NOVEMBER 6, 2018 // After a difficult third year financially
Zalando expects sales to increase in the fourth quarter of 2018
20 to 25%. In the third quarter, Zalando increased sales by 11.7% to 1.20
Billions of euros and adjusted EBIT of -38.9 million
Euro (-3.2% margin).
Zalando continues to make progress in implementing its platform strategy
achieved and expanded cooperation with brands and customers. the
The affiliate program has grown faster than expected by more than 60%. Time to
new products on the Zalando platform could be abandoned for sale
Brand partners are halved thanks to improved tools. There are also new
Partners have joined the program and existing partners have their offers
extended to additional markets.
The number of important customers continued to grow positively: Zalando
In the third quarter, with 25.1 million active customers, it reached approximately 6% of the total
European population. The number of orders increased by 22.8% and
reached a new high of 27.7 million.
Rubin Ritter, co-CEO of Zalando, said: "We are with our finances
Clearly not satisfied with the result in the third quarter. It does not change anything
our goal, our business by 2020 to 10 billion
Doubling the gross volume and the maximum speed
Ecosystem of fashion in Europe. The focus is on the fourth quarter
of the team to carry out the year. "
Zalando's third-quarter revenue rose 11.7% to 1.20 billion euros
increased while gross merchandise volume (GGV)
increased by 16.6%. The delay compared to expectations is growth
mainly on the long and exceptionally hot summer as well as a
late start for the fall / winter season. More
developed the very strong partnership program, which is only in the amount of
Commission on sales.
Zalando released adjusted EBIT of -38.9 in the third quarter
Million euros, which corresponds to a margin of -3.2%. The decline in the margin is
among other things on the slower growth of sales and therefore missing
Contributions to earnings, decrease in gross margin and increase in
Because of the costs of execution. Gross margin decreased due to the end
Begins the fall / winter season as well as the higher costs due to ineffective
Processing returned items due to operational errors
and have since been discussed and corrected. persistent
Investment in logistics infrastructure, a decline
average size of the basket and increased transport costs
higher running costs.
For the 2018 fiscal year, Zalando expects sales growth around
lower limit of the target range of 20-25% and an adjusted EBIT of
150-190 million euros. Due to the persistent high logistics and
Technology investment should invest in volume
stay at a high level. Zalando invests in 2018
(Expenditure) amounting to approximately EUR 300 million, and therefore
a little less than expected (350 million euros). Reason for that
are an additional optimized logistics network as well as
Longer term investment projects
be.
The presentation for badysts and investors concerns the investor Zalando
Website of available relationships. Zalando will be the business numbers for the
Full year and fourth quarter 2018 February 28, 2018.
ZALANDO GROUP – KEY FIGURES (IN MILLIONS OF EUROS)
Effective January 1, 2018, Zalando changed its internal controls. The focus
will be based primarily on a view related to the sales channel instead of
geographical regions. This was accompanied by a change
sector reporting. Conversion allows greater
Own responsibility and decision-making power of the sales channels. Also in
The fashion store (Zalando online shops) remains our new structure
The main sales channel. The "Offprice" segment includes the Zalando Lounge, the lounge
Sales points and excess inventory management, the "Other" segment
includes our zLabels private label offering as well as various emerging products.
Work with us. Ensure the continuity of financial market information
However, Zalando will be the results in fashion
The stores continue to be divided into DACH and Rest of Europe.
Until now, reports have been based on consolidated values
from 1 January 2018, both those made with external business partners
Revenue and results as well as intra-group transactions
reported between segments of Zalando. Because of this change, the
The segment information is completed by a reconciliation column to be used by the
Values of business segments (including internal and external)
Transactions) on the Group's values (excluding external
Transactions).
Q3 2018 Q3 20171 9M 2018 9M 20171
Group sales 1,200.2 1,074.7 3,726.3 3,155.3
% Of growth 11.7% 28.7% 18.1% 23.9%
Fashion store 1 101.3 994.0 3 428.6 2 919.8
% Growth 10.8% – 17.4% –
Of which DACH2 542.4 498.4 1 720.2 1 515.7
% Growth 8.8% – 13.5% –
Of which Rest of Europe3 558.9 495.5 1 708.4 1 404.1
% Growth 12.8% – 21.7% –
Excluding price 112.8 80.4 347.8 235.1
% Growth 40.2% – 47.9% –
Other 111.4 90.6 311.9 256.8
% Growth 22.9% – 21.4% –
Reconciliation (125.1) (90.3) (362.0) (256.4)
Adjusted EBIT Group5 (38.9) 0.4 55.5 102.5
Adjusted EBIT margin Group (3.2) 0.0 1.5 3.2
Fashion Store (40.9) 1.2 51.1 92.3
% adjusted margin (3.7%) 0.1% 1.5% 3.2%
Of which (7.8) 17.6 68.8 111.6
% adjusted margin (1.4%) 3.5% 4.0% 7.4%
Of which Rest of Europe (33,1) (16,3) (17,7) (19,4)
% adjusted margin (5.9%) (3.3%) (1.0%) (1.4%)
Children 8.1 7.8 24.1 25.7
% adjusted margin 7.2% 9.7% 6.9% 10.9%
Other (4.7) (8.6) (20.4) (15.5)
% adjusted margin (4.2%) (9.4%) (6.6%) (6.0%)
Reconciliation (1.3) 0.0 0.8 0
Net Working Capital (7.4) (115.3) (7.4) (115.3)
Capital Expenditures (60.6) (45.7) (169.3) (175.6)
Net income (41.7) (11.1) (5.0) 41.5
1. Since January 1, 2018, new segment structure. 2014-2016 exercises
unadjusted
2. The DACH fashion store covers Germany, Austria and Switzerland.
3. Fashion Store Rest of Europe includes all other countries where
Zalando is currently working.
4. The Other Segment includes our private label offering, zLabels, as well as
various emerging companies.
5. Before stock-based compensation costs with compensation of
Equity instruments and the effects of commercial transactions that are not
regularly recurring.
ZALANDO GROUP – OTHER KEY FIGURES
T3 T3 9M 2018 9M 2017
2018 2017
On-site visits (in millions) 6,728.7 615.6 2,176.6 1,828.4
% Growth 18.4% 31.4% 19.0% 28.0%
Mobile site visits (% of site visits) 7 80.0 71.8 78.4 70.1
Percentage change 8.2pp 4.8pp 8.3pp 5.5pp
Active customers (in millions) 8 25.1 22.2 25.1 22.2
% Growth 13.2% 15.7% 13.2% 15.7%
Number of orders (in millions) 9 27.7 22.5 82.1 64.7
% Growth 22.8% 37.4% 26.9% 30.4%
Avg. Number of orders / active 4.3 3.8 4.3 3.8
customer base
% Growth 13.1% 12.1% 13.1% 12.1%
Avg. Size of the basket (EUR) 10 57.5 62 59.4 63.2
% Growth (7.2%) (1.3%) (6.0%) (2.9%)
Employees 15,455 14,217 15,455 14,217
6. Number of page views of the same device and the same
Source (via websites, mobile pages, tablet pages or apps). Series
is considered complete if no call has been made for more than 30 minutes.
7. Tablets, mobile pages and applications.
8. Number of clients who have received at least one in the last 12 months
The order has been placed (no matter the cancellations or returns).
9. Number of orders placed by customers (regardless of
Cancellations or returns). An order will be made the same day
taken into account on which the customer places the order.
10. Gross customer volume (including the
Gross merchandise volume of our affiliate program) after cancellations and
Returns divided by the number of orders shipped.
NOTICE TO EDITORS
ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is the European leader
Online platform for fashion and lifestyle. We offer our customers a
complete selection of clothing, shoes, cosmetics and accessories for
Ladies, men and kids with free shipping and return shipping. the
The badortment ranges from nearly 2,000 world-renowned brands to local brands and
From fast-fashion brands to self-designed retail brands. the
Zalando stores meet the needs of customers in 17 different countries
European markets: Belgium, Germany, Denmark,
Finland, France, Ireland, Italy, Luxembourg, Netherlands, Norway,
Austria, Poland, Sweden, Switzerland, Spain, Czech Republic
and the United Kingdom. The logistics network of Zalando with five plants
Logistics centers enable efficient delivery to all customers across
Europe, supported by those who focus on the needs of local customers
Locations in northern Italy, France and Sweden. We are convinced that
the triad of fashion, technology and logistics to our customers and
Offer added value to brand partners.
CONTACT ZALANDO
Alexander Styles / Corporate & Financial Communication
[email protected]
+49 30 20968 2022
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06.11.2018 Publication of a company newsletter / Financial news,
transmitted by DGAP – a service of EQS Group AG.
The content of the communication is the responsibility of the sender / publisher.
DGAP's distribution services include statutory reporting requirements,
Company News / Financial News and Press Releases.
Media archive on http://www.dgap.de
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German language
Company: Zalando SE
Tamara Danz Street 1
10243 Berlin
Germany
Email: [email protected]
Internet: https://corporate.zalando.de
ISIN: DE000ZAL1111
WKN: ZAL111
Index: MDAX
Stock exchanges: regulated market of Frankfurt (Prime Standard);
On sale in Berlin, Düsseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of the DGAP News Service message
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741669 06.11.2018
ISIN DE000ZAL1111
AXC0053 2018-11-06 / 08: 00
Copyright dpa-AFX Business News GmbH. All rights reserved. Redistribution, republication or permanent storage without the express and prior permission of dpa-AFX is not permitted.
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