Zalando SE

ZAL

Equity

ISIN DE000ZAL1111 / Valor 25375574

Xetra (2024-09-17)

EUR 25.76+7.33%

Zalando SE
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About company

Zalando SE, founded in 2008 in Berlin, is a prominent European online platform specializing in fashion and lifestyle products. The company offers a wide range of clothing, footwear, and accessories from various brands, catering to a diverse customer base across Europe. Zalando's business model revolves around providing a convenient and seamless shopping experience for its customers, with a focus on delivering the latest trends and styles in the fashion industry. As a financial journalist, it is important to note Zalando's strong presence in the e-commerce sector and its continuous efforts to innovate and expand its product offerings to maintain its competitive edge in the market.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Q1 2024 GMV Growth

Zalando SE reported a Gross Merchandise Volume (GMV) of EUR 3,269.7 million in Q1 2024, marking a 1.3% increase from EUR 3,226.9 million in the same quarter the previous year. This growth reflects a positive start to the spring/summer season, despite a slight decrease in the number of active customers from 51.2 million to 49.5 million.

Q1 2024 Revenue Stability

For Q1 2024, Zalando SE's revenue remained relatively stable at EUR 2,241.4 million compared to EUR 2,255.6 million in Q1 2023. The minor decline is attributed to the dynamics of the Partner Business model, where only commission income is recorded in revenue, contrasting with the full selling prices reflected in GMV.

Q1 2024 Adjusted EBIT Improvement

Zalando SE achieved an adjusted EBIT of EUR 28.3 million in Q1 2024, a significant improvement from a negative EUR 0.7 million in the same quarter of the previous year. This positive shift resulted in an adjusted EBIT margin of 1.3%, driven by better gross profit margins and reduced fulfillment costs.

Q1 2024 Segment Performance

In Q1 2024, Zalando SE's B2C segment reported a GMV of EUR 3,269.7 million, up 1.3% year-over-year, while the B2B segment saw revenue growth of 13.4%, reaching EUR 215.1 million. The B2B segment's adjusted EBIT also improved to EUR 5.4 million, reflecting a higher adjusted EBIT margin of 2.5%.

Q1 2024 Cash Flow and Net Loss

Zalando SE experienced a net loss of EUR -8.9 million in Q1 2024, an improvement from a net loss of EUR -38.5 million in Q1 2023. Cash flow from operating activities was negative at EUR -102.0 million, yet showed improvement from EUR -166.8 million in the prior year. This financial snapshot indicates a challenging yet stabilizing fiscal environment for Zalando SE.

Summarized from source with an LLMView Source

Key figures

2.59%1Y

-73.0%3Y

-37.2%5Y

Performance

45.9%1Y

51.3%3Y

46.8%5Y

Volatility