Tag Archives: Rubin Ritter

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Zalando launches Beauty category to German customers spring 2018

Zalando launches Beauty category to German customers spring 2018

 

Berlin, 2017-Oct-20 — /EPR Retail News/ — At Zalando, we’re not interested in standing still. We’re as eager as ever to push into new areas and expand our proposition to customers. In spring 2018, Zalando will enter the beauty market, offering a full product range: cosmetics, skin and hair care, fragrances, tools and accessories. As with our Fashion Store, items will be available across all price points.

The expansion into the beauty market is a natural next step and reflects the demand of our customers.” Co-CEO Rubin Ritter

It is allowing us to complement our current assortment and strengthen our position as a one-stop destination for fashion and lifestyle. We empower the Zalando customer to complete a look with the right beauty products, taking cross-selling to the next level by giving full style advice from a broad range of brands and from high to low. German customers will be the first to enjoy the new category, with plans to extend the offering to further markets after a successful ramp-up phase.

Zalando will combine the online and offline experience with a Beauty Concept Store in Berlin. The lab environment will put the beauty-savvy customer first, offering a tangible product experience through a curated beauty assortment. The offline store will also be used as an event and knowledge platform for product launches, tutorials and advice from beauty experts. We can test digital use cases in an offline setting and get to know the beauty customer even better.

We’re thrilled with the products we’ll be able to offer, and are currently still in negotiations with brands with announcements to follow. Devotedly customer-obsessed, we believe this new venture – in collaboration with brand partners and key influencers – will bring truly head-to-toe fashion inspiration to our customers.

Contact:

Phone: +49 (0)30 2096 81 484
Mail: press@zalando.com
Twitter: zalando_press

Source: Zalando

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Zalando H1 2017 results: revenues grew strongly by 21.5% to EUR 2,080.7 million

  • Half-year revenue up 21.5% to EUR 2,080.7 million, adjusted EBIT at prior year level of EUR 102.1 million, 4.9% margin
  • Second quarter revenue up 20.1% to EUR 1,100.5 million, adjusted EBIT at prior year level of EUR 81.8 million, 7.4% margin
  • Full-year revenue growth expected in upper half of 20-25% growth range, adjusted EBIT margin in lower half of 5-6% range
  • Expansion of European fulfillment footprint with further sites in Poland and Italy

BERLIN, 2017-Aug-11 — /EPR Retail News/ — Zalando grew revenues in the first half of 2017 strongly by 21.5% to EUR 2,080.7 million (HY 2016: EUR 1,712.6 million). Adjusted EBIT remained on prior year levels at EUR 102.1 million with a margin of 4.9% (HY 2016: 101.2 million, 5.9% margin). For the full year, Zalando expects revenue growth in the upper half of its guided range of 20-25% and an adjusted EBIT margin in the lower half of the 5-6% range.

As part of its continued growth initiatives, Zalando plans to expand its European fulfillment network with two large fulfillment centers in Poland and Italy. Zalando already operates sites of a similar size in Erfurt, Mönchengladbach and Lahr (Germany), and prepares to launch initial operations in Gryfino near Szczecin (Poland) in the third quarter of 2017. These are complemented by smaller fulfillment centers in Brieselang near Berlin, as well as localized warehouses in Stradella near Milan, Moissy-Cramayel near Paris, and by the end of the year in Brunna near Stockholm.

Co-CEO Rubin Ritter said: “We firmly believe that growth is the right strategy to increase the value of our business. Our updated guidance reflects our focus on growth at solid profitability levels. It is in our DNA to continuously evaluate additional investment opportunities, test ideas, and then start scaling them. This can range from assortment additions to our recently launched customer loyalty program Zalando Zet.”

Zalando strongly executed on its platform strategy during the past quarter: The company launched Zalando Fulfillment Solutions with Bestseller as first flagship partner, allowing fashion brands access to its logistics infrastructure and know-how. The transactions of Anatwine and KICKZ were closed in the second quarter. Anatwine is a software solution developer that enables fashion brands to sell merchandise on marketplaces.

With the addition of KICKZ, a multi-channel basketball retailer, Zalando strengthened its sports and lifestyle segment, especially in the area of basketball. The assortment was further expanded with Nike, Lacoste, Pepe Jeans and Esprit joining the Zalando Partner Program.

In the second quarter of 2017, revenues grew by 20.1% to EUR 1,100.5 million. Main drivers were a growing active customer base as well as an increase in average orders to 3.7 times per year, marking another all-time high and indicating strengthened customer loyalty. Active customers increased by approximately 800,000 to 21.2 million compared to the previous quarter, the strongest increase since the fourth quarter 2015.

Adjusted EBIT came in at prior year level of EUR 81.8 million or a margin of 7.4% (Q2 2016: EUR 80.9 million, 8.8% margin). A slightly lower gross margin and increased fulfillment cost could not be fully offset by improved marketing cost. The increase in fulfillment cost is primarily attributable to higher logistic costs, as Zalando continued with its convenience investments around fast delivery and returns, plus further ramp-up of capacity and automation at its various fulfillment sites.

Capital expenditure in the first half of 2017 was EUR 130 million, excluding M&A, reflecting investments primarily into infrastructure and in-house developed software. Zalando aims for about EUR 250 million in capital expenditure in 2017, excluding M&A.

Zalando’s half-year report and the earnings presentation for analysts and investors is available on the Zalando Investor Relations website. Zalando will report results for the third quarter 2017 on November 7, 2017, and publish a trading update prior to that. The publication date of the trading update will be announced in due time.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of almost 2,000 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with four centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe, supported by warehouses in Northern Italy and France with a focus on local customer needs. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners. Zalando’s shops attract about 200 million visits per month. In the second quarter of 2017, 70 percent of traffic came from mobile devices, resulting in 21.2 million active customers by the end of the quarter.

CONTACT ZALANDO:
René Gribnitz
Vice President Communications
rene.gribnitz@zalando.de

Alexander Styles
Financial Communications
alexander.styles@zalando.de
+49 30 20968 2022

Source: Zalando

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Zalando SE grew revenues in the first half of 2017 by 21-22% to EUR 2,071-2,089 million

  • HY revenues at EUR 2,071-2,089 million (21-22% growth), adjusted EBIT at EUR 100-106 (4.8-5.1% margin)
  • Q2 revenues at EUR 1,091-1,109 million (19-21%), adjusted EBIT at EUR 80-86 million (7.3-7.8% margin)
  • Zalando launches membership program Zalando Zet to offer customized premium services

BERLIN, 2017-Jul-20 — /EPR Retail News/ — Zalando SE, Europe’s leading online platform for fashion, grew revenues in the first half of 2017 by 21-22% to EUR 2,071-2,089 million (HY 2016: EUR 1,713 million), according to preliminary figures. The adjusted EBIT for the first half-year 2017 is expected to come in at EUR 100-106 million, a margin of around 4.8-5.1% (HY 2016: EUR 101 million or 5.9%).

In the second quarter of 2017 the company achieved revenues of EUR 1,091-1,109 million (Q2 2016: EUR 916 million), growing by 19-21%. Zalando achieved an adjusted EBIT of EUR 80-86 million, corresponding to an adjusted EBIT margin of 7.3-7.8% (Q2 2016: EUR 81 million or 8.8%) for the same period.

Co-CEO Rubin Ritter said: “We are pleased with the performance in the first half of 2017 and continue to invest in order to meet our ambitious growth targets for the full year and beyond. In the fast-growing online segment, we continue to outperform the market and deliver on our 20-25% growth corridor. Our investments, for example in our fulfillment capabilities and the launch of our membership program Zalando Zet, are the cornerstones for future growth.”

Zalando Zet is a new program that offers customized premium services like faster delivery, including same day, pick-up of returns on demand as well as additional benefits such as personal fashion advice or early access to sales. In the first phase customers in four German cities (Berlin, Leipzig, Frankfurt, Hannover) will be able to test the service for three months, after which they can become members for EUR 19 per year.

Zalando Zet is another example of the company’s continued customer focus: In 2008, Zalando revolutionized online shopping by introducing free delivery and returns within up to 100 days. Trying on goods at home as well as free shipping and convenient returns have been an integral part of Zalando’s offering ever since.

All figures reported herein are preliminary, full financial disclosure for the second quarter 2017 will be published on August 10, 2017.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of almost 2,000 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with four centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe, supported by warehouses in Northern Italy and France with a focus on local customer needs. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners. Zalando’s shops attract over 200 million visits per month. In the first quarter of 2017, more than 68 percent of traffic came from mobile devices, resulting in 20.4 million active customers by the end of the quarter.

CONTACT:
René Gribnitz
Vice President Communications
rene.gribnitz@zalando.de

Alexander Styles
Financial Communications
alexander.styles@zalando.de
+49 30 20968

Source: Zalando

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Zalando to open its first Nordic fulfillment center in Sweden later this year

Zalando to open its first Nordic fulfillment center in Sweden later this year

 

BERLIN, Germany, 2017-May-25 — /EPR Retail News/ — Zalando, Europe’s leading online fashion platform, successfully completed its location search to open its first Nordic fulfillment center in Sweden later this year. Together with the developer NREP Logicenters, Zalando will build a fulfillment center in Brunna, situated in the county of Stockholm. To meet the demand of the Nordic customers, and to further penetrate the market, investing in convenience is crucial. The first parcels are set to leave the fulfillment center later this year.

“Zalando has a bold but feasible vision for the Nordic markets. We want to enhance our customer proposition and increase our revenues to 1 billion EUR in the upcoming years. In order to do so, we need to further invest in our platform strategy and expand our logistics network locally so we can get closer to our Nordic customers. I am happy to announce that operations in our first fulfillment center near Stockholm will start within the next months”, said Rubin Ritter, Co-CEO at Zalando.

The Stockholm fulfillment center will ensure that Zalando’s strong and growing customer base experiences a more convenient consumer journey and receives orders faster in all Nordic markets. First tests and operations will start this year, full operations will be up and running in 2018. The warehouse in the Stockholm area will decrease lead times significantly, securing possible next day deliveries in all Nordic capitals (Stockholm, Copenhagen, Helsinki, Oslo) and the potential for same day delivery in Stockholm. When the fulfillment center is ramped up to full speed, Zalando will be able to cut lead times in half across the Nordic region (to 1-2 days for Sweden and Denmark, and 1-3 days for Norway and Finland).

“The Nordic e-commerce market is mature and developing fast. Ensuring consumer satisfaction, shortening lead times and providing a fashionable assortment are essential elements moving forward. This is why we are investing in establishing a new 30,000 sqm fulfillment center near Stockholm and extending our selection of more than 100 Nordic brands, with the latest additions being Holzweiler, Hunkydory and House of Dagmar”, said Kenneth Melchior, Cluster Head Nordics at Zalando. “Having this setup in place, we are also thinking of future test pilots for innovative services such as return on demand.”

“We are very pleased that Zalando has chosen NREP Logicenters as their partner for their expansion in the Nordics. As a leading provider of modern logistics properties, we will be able to support Zalando’s future growth and are looking forward to a successful partnership, said Rickard S. Dahlberg, Partner and co-Founder at NREP.

The fulfillment center in Brunna was chosen mainly due to its strategic location and advanced infrastructure, which is ideal for catering to all Danish, Finnish, Norwegian and Swedish customers. It will be operated by an experienced logistics provider and create a few hundred jobs. Zalando started to internationalize its logistics network in December 2015 by opening the first fulfillment center outside Germany in the North of Italy. This was followed by a fulfillment centre near Stettin in Poland, which was inaugurated in November last year. In the beginning of 2017 another warehouse was opened close to Paris in France which will now be followed by the most recent addition in Sweden later this year.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with four centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe, supported by a warehouse in Northern Italy with a focus on local customer needs. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners. Zalando’s shops attract over 160 million visits per month. In the first quarter of 2017, more than 68 percent of traffic came from mobile devices, resulting in 20.4 million active customers by the end of the quarter.

CONTACT:
Sigrid Dalberg-Krajewski
Corporate Communications Nordics
sigrid.dalberg-krajewski@zalando.se

Source: Zalando

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Zalando SE grew revenues in the 1Q 2017 by 22.0-24.0% to EUR 971-987 million

  • Revenues at EUR 971-987 million (22.0-24.0% growth)
  • Adjusted EBIT of EUR 10-30 million (1.0-3.0% margin)
  • Full-year guidance confirmed

BERLIN, Germany, 2017-Apr-20 — /EPR Retail News/ — Zalando SE, Europe’s leading online platform for fashion, grew revenues in the first quarter of 2017 by 22.0-24.0% to EUR 971-987 million (Q1 2016: EUR 796.1 million), according to preliminary figures. Zalando expects to achieve an adjusted EBIT of EUR 10-30 million, corresponding to an adjusted EBIT margin of 1.0-3.0% (Q1 2016: EUR 20.2 million or 2.5%) for the same period. Zalando confirms its full-year guidance of revenue growth in a range of 20-25% and an adjusted EBIT margin in the range of 5.0-6.0%.

Co-CEO Rubin Ritter said: “We continue to successfully execute towards our goals and started 2017 with strong growth momentum. We are fully on track with our long-term aspirations and keep expanding our business at high speed, while investing into our consumer experience and brand partner proposition.”

All figures reported herein are preliminary, full financial disclosure for the first quarter 2017 will be published on May 9, 2017.

On April 20, 2017, Zalando will publish the agenda for its upcoming annual general meeting (AGM) held on May 31, 2017. In accordance with the recommendation of its nomination committee, the Supervisory Board proposes Shanna Prevé and Dominik Asam for election to the Supervisory Board at the AGM, as Lorenzo Grabau and Kai-Uwe Ricke will not seek re-election.

Ms. Prevé is Managing Director Business Development for the Google Consumer Hardware Group in San Francisco, USA, and Mr. Asam is Chief Financial Officer at the DAX-listed technology company Infineon Technologies AG. Both bring relevant industry experience and are expected to add beneficial expertise to the work of the Supervisory Board. Dominik Asam is designated to take over chairmanship of the audit committee.
ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with four centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe, supported by a warehouse in Northern Italy with a focus on local customer needs. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners. Zalando’s shops attract over 160 million visits per month. In the fourth quarter of 2016, more than 68 percent of traffic came from mobile devices, resulting in 19.9 million active customers by the end of the quarter.

SOURCE: Zalando

CONTACT
René Gribnitz / Vice President Communications
rene.gribnitz@zalando.de

Alexander Styles / Financial Communications
alexander.styles@zalando.de
+49 30 20968 2022

 

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Zalando provides financial guidance for 2017

  • 2017 guidance in line with multi-year strategy: revenue growth of 20-25%, adjusted EBIT margin of 5.0-6.0%
  • 2016 results: revenues of EUR 3,639 million (23.0% growth), adjusted EBIT of EUR 216.3 million (5.9% margin)
  • Zalando to acquire multi-channel basketball retailer KICKZ
  • Zalando to create more than 2,000 jobs in 2017

BERLIN, 2017-Mar-02 — /EPR Retail News/ — Zalando expects to continue outperforming the fashion retail market again in 2017 and grow revenues in a range of 20-25%, following a strong 2016 performance when Europe’s leading online fashion platform gained market share in every single quarter. Driven by a systematic focus on consumers and suppliers, as well as further investments into the company’s infrastructure, 2016 revenues grew by 23.0% to  EUR 3,639 million (2015: EUR 2,958 million). The adjusted EBIT margin increased to 5.9%, which corresponds to an adjusted EBIT of EUR 216.3 million (2015: EUR 107.5 million, 3.6%). For 2017, Zalando expects an adjusted EBIT margin in the range of 5.0-6.0%.

“Strong growth requires nonstop investment. We are proud to have significantly progressed in expanding our business profitably,” said co-CEO Rubin Ritter. “As we build the technology and operating system to transform the European fashion industry, we will further invest into a unique and flawless consumer experience and a stronger supplier proposition to continue to drive growth ahead of the market. At the same time, we plan to expand our team by creating more than 2,000 new jobs this year.”

In 2016, about 20 million customers (+11%) shopped at Zalando, increasingly using mobile devices, enjoying a wider and deeper assortment and an even better service proposition for delivery and returns. Zalando has become a fashion destination for consumers and an increasing number of brand partners alike. Zalando enables brand partners to scale their businesses via its wholesale services, the partner program as well as Zalando’s fulfillment and digital services, such as Zalando Media Solutions.

Zalando’s growth is enabled by its technology and operations infrastructure. The number of employees in Zalando’s technology team has increased from 1,000 in 2015 to more than 1,600. Its pan-European logistics network will expand into 20,000-30,000 m² warehouses in France and Sweden as well as a 130,000 m² logistics center in Poland.

The development in Zalando’s profitability was due to improved operating costs, which reflected strong cost management and general efficiency improvements.

Capital expenditure in 2016 was at EUR 181.7 million, excluding M&A, reflecting investments primarily into infrastructure, increased automation and in-house developed software. Zalando expects capital expenditure of EUR 200 million also in 2017, primarily in the same areas.

Earlier this week Zalando has agreed to acquire the retail business of Munich-based KICKZ AG (“KICKZ”), the leading multi-channel basketball retailer. With the addition of KICKZ, Zalando will further strengthen its sports and lifestyle segment, especially in the area of basketball. The transaction is subject to merger control clearance by German and Austrian competition authorities, and is expected to close in the first half of 2017. All parties have agreed not to disclose financial details.

Zalando’s fully digital annual report Zalando City Guide is now available online. iOS and Android users can discover Zalando City in virtual reality via app on the Apple App Store and Google Play. The app will be available as “Zalando City Guide”.

The earnings presentation for analysts and investors is available on the Zalando Investor Relations website. Zalando will report results for the first quarter 2017 on May 9, 2017, and publish a trading update prior to that. The publication date of the trading update will be announced ahead of time.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with four centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe, supported by a warehouse in Northern Italy with a focus on local customer needs. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners. Zalando’s shops attract over 160 million visits per month. In the fourth quarter of 2016, more than 68 percent of traffic came from mobile devices, resulting in 19.9 million active customers by the end of the quarter.

CONTACT:
René Gribnitz
Vice President Communications
rene.gribnitz@zalando.de

Alexander Styles
Financial Communications
alexander.styles@zalando.de
+49 30 20968 2022

Source: Zalando

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Zalando SE announces 25-26% increase in revenues during the fourth quarter of 2016

  • Q4 revenues at EUR 1,086-1,094 million (25-26% growth), adjusted EBIT of EUR 81-104 million (7.5-9.5% margin)
  • Full year revenues at EUR 3,633-3,642 million, adjusted EBIT of EUR 202-225 million (5.6-6.2% margin)
  • Zalando to expand fulfillment footprint in Sweden

BERLIN, 2017-Jan-18 — /EPR Retail News/ — Zalando SE, Europe’s leading online platform for fashion, grew revenues in the fourth quarter of 2016 by 25-26% to EUR 1,086-1,094 million (Q4 2015: EUR 868.5 million), according to preliminary figures. Zalando expects to achieve an adjusted EBIT of EUR 81-104 million, corresponding to an adjusted EBIT margin of 7.5-9.5% (Q4 2015: EUR 71.8 million or 8.3%) for the same period.

In the financial year 2016, Zalando achieved group revenues of EUR 3,633-3,642 million (FY 2015: EUR 2,958 million) growing between 22.9-23.1%, in line with its full-year guidance. Profitability improved substantially, with adjusted EBIT approximately doubling to EUR 202-225 million and corresponding to a margin of 5.6-6.2% (FY 2015: EUR 107.5 million, 3.6%).

“We have completed a successful 2016. For the first time we broke the billion-euro revenue barrier in a single quarter, a clear result of our customer focus,” said Rubin Ritter, co-CEO. “We will continue to emphasize growth and further invest behind an ever-improving customer experience across all our markets.”

Zalando intends to open a satellite warehouse in Sweden in the course of 2017, similar to its satellite warehouses in France and Italy. The facility will be run by a service provider and aims to further improve Zalando’s customer proposition in its important Nordic markets in Sweden, Norway, Finland and Denmark.

All figures reported herein are preliminary and unaudited. Full financial disclosure for the fourth quarter and financial year 2016, together with the management guidance for the financial year 2017, will be published on March 1, 2017.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with four centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe, supported by a warehouse in Northern Italy with a focus on local customer needs. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners.

Zalando’s shops attract over 160 million visits per month. In the third quarter of 2016, more than 65 percent of traffic came from mobile devices, resulting in 19.2 million active customers by the end of the quarter.

CONTACT:
René Gribnitz
Vice President Communications
rene.gribnitz@zalando.de

Alexander Styles
Financial Communications
alexander.styles@zalando.de

+49 30 20968 2022

Source: Zalando

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Zalando releases trading update for third quarter of 2016

BERLIN, 2016-Oct-20 — /EPR Retail News/ — Zalando SE, Europe’s leading online platform for fashion, grew group revenues in the third quarter of 2016 to EUR 827-841 million or by 16-18% (Q3 2015: EUR 713 million), according to preliminary figures. Zalando expects to achieve an adjusted EBIT of EUR 8-25 million, corresponding to an adjusted EBIT margin of 1.0-3.0% (Q3 2015: EUR -24 million, -3.3%). In the first nine months of 2016 Zalando achieved revenues of EUR 2,540-2,554 million, growing by around 22% (first nine months 2015: EUR 2,090 million). Adjusted EBIT for the first nine months is expected to come in at EUR 109-126 million, a margin of around 4.6% at the mid-point of the range (first nine months 2015: EUR 36 million, 1.7%).

Rubin Ritter, co-CEO, said: “In the third quarter we outperformed a sluggish fashion market and improved our profitability significantly, allowing us to increase our guidance for the full-year EBIT margin. We remain on track to reach our targeted revenue growth for the full year. This proves again our ability to find the adequate tradeoff between growth and margin, depending on market conditions.”

As a result, Zalando reiterates its growth ambition for the next few years with 2016 coming in towards the higher end of the 20-25% growth corridor and increases full-year adjusted EBIT margin guidance for 2016 to 5.0-6.0%.

All figures reported herein are preliminary and unaudited. Full financial disclosure for the third quarter will be published on November 10, 2016.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with three centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners. Zalando’s shops attract over 160 million visits per month. In the second quarter of 2016, around 65 per cent of traffic came from mobile devices, resulting in 18.8 million active customers by the end of the quarter.

CONTACT:
René Gribnitz
VP Communications
rene.gribnitz@zalando.de
+49 30 20968 2022

Source: Zalando

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Zalando features upcoming industry trends and developments in its digital magazine “All about Z: The September Issue”

BERLIN, 2016-Sep-07 — /EPR Retail News/ — The digital magazine „All about Z: The September Issue” allows for a look behind the scenes of Europe’s leading online platform for fashion. Within the magazine a range of innovative projects and ideas, that Zalando is currently working on are presented. The topics vary from fashion, to logistics and tech, to marketing. Just like the September issues of the leading fashion magazines, the Zalando magazine „All about Z: The September Issue” presents upcoming industry trends and developments.

Rubin Ritter, member of the Management Board: “Taking risks and pushing boundaries has been our philosophy from the very beginning. In “All About Z” we have pulled together innovative ideas and projects that will excite our customers and add value to our brands. As an ever evolving company, we wanted to showcase our non-stop innovations, creativity and hard work.

Among others “All about Z” presents “Muze” a project on artificial intelligence and fashion. For this fashion experiment Zalando and zLabels have teamed up with Google to use machine learning to create virtual fashion designs. A special design engine was developed and trained to translate answers and creative inputs into 3D virtual fashion designs. Project “Muze” was presented for the first time during the Bread&Butter trend show which took place in Berlin from September 2 – 4. In “All about Z” two experts from the Zalando research team discuss how artificial intelligence will impact fashion in the future.

Additionally the magazine features a multimedia special on the construction plans for the Zalando Campus in Berlin. In 2018, when Zalando will celebrate its 10th birthday, the Zalando Campus will be ready to offer up to 5,000 employees a flexible and open working space that does not only reflect Zalando’s Corporate Culture but also helps the online platform to further lead the way of how companies work in the future. Construction will start on September 6, 2016.

Other topics include: Zalando employees present fashion trends from their markets, a payments quiz and exclusive tips regarding the must haves for the upcoming season.

The magazine can be accessed at „All about Z: The September Issue“.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with three centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners. Zalando’s shops attract over 160 million visits per month. In the second quarter of 2016, around 65 per cent of traffic came from mobile devices, resulting in 18.8 million active customers by the end of the quarter.

CONTACT:
Monica Franz
Corporate Communications
monica.franz@zalando.de
+49 152 38843157

Source: Zalando

Posted on by

Zalando SE Q1-2016: Revenues at EUR 796 million; adjusted EBIT margin of 2.5%

  • Q1 revenues at EUR 796 million, adjusted EBIT margin of 2.5%
  • Strong growth coupled with strategic investments
  • Acquires e-commerce specialty software provider Tradebyte

BERLIN, 2016-May-16 — /EPR Retail News/ — Zalando SE, Europe’s leading online platform for fashion, had a good start into the year and remained on its profitable high-growth path. In the first quarter of 2016, Zalando continued to push forward with strategic investments into its customer proposition as well as the platform enablers operations and technology. With the successful acquisition of Tradebyte, an e-commerce specialty software provider, Zalando will further expand its successful partner program.

“We are pushing ahead on multiple fronts, delivering on our long-term platform strategy and growth plan,” said Rubin Ritter, member of the Management Board. “At the same time, our core business is developing strongly and we continue to win market share.”

The focus on customer proposition, including the build-out of Zalando’s fulfillment footprint, continues to improve customer satisfaction, which has hit another all-time high in the first quarter. The first international satellite warehouse in Stradella, Italy, has cut lead times for Italian orders by as much as 1.5 days. The construction of the new Lahr warehouse is on track, with manual operations to commence in autumn.

As part of its platform strategy, Zalando further expanded its partner program, which enables selected brands to directly sell on the Zalando platform. By the end of the first quarter, Zalando had enrolled more than 150 partners, including brands like Adidas and Superdry. To strengthen its ability to digitalize this partner stock and connect it to retail channels, Zalando has acquired Tradebyte Software GmbH in May 2016. Tradebyte is among the leading European providers of marketplace supply-side integration solutions for retailers and brands, especially in the fashion and lifestyle sectors.

Strong growth in the active customer base to 18.4 million and increasing customer satisfaction saw revenues increase by 23.7% to EUR 796 million, at the upper end of the growth corridor, despite Easter falling in the first quarter. Zalando posted an adjusted EBIT of EUR 20 million, corresponding to a margin of 2.5%.

Zalando reiterates its full-year guidance of revenue growth at the upper end of the 20-25% growth corridor and an adjusted EBIT margin of 3-4.5%. The company aims for roughly neutral working capital at year-end, and about EUR 200 million in capital expenditure in 2016, excluding M&A.

Zalando’s first-quarter report is available online; details can also be found in the earnings presentation. Zalando will report figures for the second quarter on August 11, 2016, and publish a trading update prior to that. The publication date of the trading update will be announced on the Zalando Investor Relations website ahead of time.

zalando revenue and adjusted ebit

zalando group key performance indicators

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with three centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners.
Zalando’s shops attract over 160 million visits per month. In the first quarter of 2016, around 62 per cent of traffic came from mobile devices, resulting in 18.4 million active customers by the end of the quarter.

CONTACT ZALANDO
René Gribnitz / VP Communications
rene.gribnitz@zalando.de
+49 30 20968 2022

Posted on by

Zalando posts 30-31 per cent revenue growth in the fourth quarter of 2015

  • Strong continued growth with Q4 revenues at EUR 865-872 million (30-31 per cent growth)
  • Adjusted EBIT of EUR 61-78 million (7-9 per cent margin), in line with prior management guidance
  • Full year revenues at EUR 2,955-2,962 million, clearly profitable with 3.3-3.9 per cent adjusted EBIT margin

BERLIN, 2016-Jan-21 — /EPR Retail News/ — Zalando SE, Europe’s leading online platform for fashion, grew group revenues in the fourth quarter of 2015 to EUR 865-872 million or by 30-31 per cent (Q4 2014: 666 million), according to preliminary figures. Zalando expects to achieve an adjusted EBIT of EUR 61-78 million, corresponding to an adjusted EBIT margin of 7-9 per cent (Q4 2014: EUR 66 million or 9.9 per cent). All cost lines developed according to internal plan.

Rubin Ritter, member of the Management Board, said: “We have finished the year on a high note. Our strong growth and EBIT margin performance in the fourth quarter, which was in line with our prior guidance, demonstrates the strength of our business even in challenging market conditions.”

In the financial year 2015 Zalando achieved overall group revenues of EUR 2,955-2,962 million and a growth rate of 33.5-33.8 per cent (FY 2014: 2,214 million). The company remains clearly profitable with an adjusted EBIT of EUR 96-114 million, or an adjusted margin of around 3.3-3.9 per cent (FY 2014: 81.9 million, 3.7 per cent). Zalando thereby confirms full year results within its guided target corridor of 33-35 per cent revenue growth and an adjusted EBIT margin of 3-4 per cent.

“2015 has been a fantastic year for us. In our first year as a public company, we have significantly accelerated growth, made important long-term investments and remained clearly profitable. We will continue on this path,” Rubin Ritter said.

All figures reported herein are preliminary and unaudited. Full financial disclosure for the fourth quarter and financial year 2015, together with the management guidance for the financial year 2016, will be published on March 1, 2016.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with three centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners. Zalando’s shops attract over 131 million visits per month. In the third quarter of 2015, around 59 per cent of traffic came from mobile devices, resulting in close to 17.2 million active customers by the end of the quarter.

CONTACT ZALANDO
René Gribnitz
Vice President Communications
rene.gribnitz@zalando.de
+49 30 20968 2022

 

SOURCE: ZALANDO

Posted on by

Zalando to reach close to EUR 3 billion in revenue for the full 2015 and will have around 10,000 employees by year-end

  • Third quarter revenue up 42.2 per cent to EUR 713.1 million
  • Nine month revenue up 34.9 per cent to EUR 2.1 billion, almost reaching full-year 2014 revenue level; on track towards 33-35 per cent revenue growth in 2015
  • Profitable with nine-month adjusted EBIT at EUR 35.7 million or 1.7 per cent margin; margin impacted by ongoing strategic growth investments

BERLIN, 2015-11-12 — /EPR Retail News/ — Zalando SE, Europe’s leading online platform for fashion, has significantly grown market share in the third quarter and almost reached full year 2014 revenue levels after only nine months of 2015. On its guided growth trajectory, Zalando will reach close to EUR 3 billion in revenue for the full year 2015 and will have around 10,000 employees by year-end.

Group revenue in the third quarter 2015 grew by 42.2 per cent to EUR 713.1 million, adding more than EUR 200 million in incremental revenue compared to the prior year period (Q3 2014: EUR 501.4 million). Zalando’s focus on the customer remained the key driver of growth, with customer satisfaction hitting an all-time high in the third quarter. Zalando introduced additional brands to extend the depth of its product range and further improved customer convenience, for example through faster delivery and easier returns. The evolving mobile offering plus successful brand building campaigns also helped to increase customer engagement.

Rubin Ritter, co-CEO of Zalando, said: “Our accelerated growth is driven by very strong customer metrics, so we are clearly making the right investments. We are confident that we will deliver a unique combination of fast growth and clear profitability for the full year, which is also the right path for us going forward.”

Continued tech hiring and associated platform initiatives, plus the expansion of the fulfillment network will support Zalando’s growth trajectory going forward. Initial work around its new fulfillment center in Lahr and the full build-out of its facility in Mönchengladbach have started and are on track.

Strong customer KPIs drive revenue growth

The number of active customers grew further to a total of 17.2 million (Q3 2014: 14.1 million) in the third quarter, or by 800,000 additional active customers compared to the second quarter of 2015. Zalando registered 394 million site visits in the third quarter of 2015 (Q3 2014: 322 million visits), with 58.8 per cent of visits coming from mobile devices (Q3 2014: 43.3 per cent). The Zalando app was downloaded in total around 14 million times by the end of the third quarter of 2015. Headcount rose further from 9,079 at the end of the second quarter to 9,444 at the end of the third quarter.

Fast growth coupled with profitability in the first nine months

Group revenue grew in the third quarter of 2015 to EUR 713.1 million (Q3 2014: EUR 501.4 million), putting total revenue for the first nine months of 2015 at EUR 2.1 billion (9M 2014: EUR 1.5 billion). In the DACH segment, revenue grew by 34.4 per cent to EUR 371.2 million in the third quarter to represent nine month revenue of EUR 1.1 billion (9M 2014: EUR 870.5 million). In the Rest of Europe segment, revenue grew by 52.1 per cent to EUR 300.8 million in the third quarter, putting nine month revenue at EUR 851.1 million (9M 2014: EUR 597.1 million). In the Other segment, revenue grew by 50.3 per cent in the third quarter to EUR 41.1 million to put nine month revenue at EUR 109.2 million (9M 2014: EUR 80.9 million).

The adjusted EBIT for the first nine months of 2015 increased by EUR 19.5 million to EUR 35.7 million, corresponding to an adjusted EBIT margin of 1.7 per cent (9M 2014: EUR 16.2 million, 1.0 per cent). For the seasonally weaker third quarter, in contrast, the adjusted EBIT decreased to EUR -23.5 million (Q3 2014: EUR 3.8 million). Gross margin remained at third quarter 2014 level, but fulfillment and marketing costs were higher: Fulfillment costs were impacted to secure a first-class customer experience even with fast-growing volumes and rose due to continued investments into the customer proposition and technology as well as lower than expected debt collection rates related to fraud cases in the first half of 2015. Marketing costs increased due to a fall/winter season switch in September 2015, compared with a late switch in October 2014, as well as strategic marketing investments into app downloads.

In the first nine months of 2015, adjusted EBIT in the DACH region was at EUR 44.0 million, representing a margin of 3.9 per cent (9M 2014: EUR 38.2 million, 4.4 per cent). Adjusted EBIT in the Rest of Europe segment was at EUR -15.1 million or a margin of -1.8 per cent (9M 2014: EUR -27.8 million, -4.6 per cent). The Other segment recorded an adjusted EBIT of EUR 6.8 million or a margin of 6.3 per cent (9M 2014: EUR 5.8 million, 7.1 per cent).

Zalando’s third-quarter report is available online, details can also be found in the earnings presentation. Zalando will report figures for the fourth quarter and full year 2015 on March 1, 2016 and publish a trading update prior to that. The publication date of the trading update will be announced on the Zalando Investor Relations website in advance.

Zalando group – Revenue and adjusted EBIT (EUR million)

zalando_2015_q3_revenue-ebit

 

Zalando group – Key performance indicators

zalando_2015_q3_kpi

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with three centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners.

Zalando’s shops attract over 131 million visits per month. In the third quarter of 2015, around 59 per cent of traffic came from mobile devices, resulting in close to 17.2 million active customers by the end of the quarter.

CONTACT ZALANDO
Boris Radke ⁄  Head of Corporate Communications
boris.radke@zalando.de
+49 30 20968 1038

Posted on by

Zalando’s group revenues in Q3 2015 up by 41-43 per cent vs Q3 2014

  • Further acceleration of growth to 41-43 per cent, Q3 revenues at EUR 707-717 million
  • Adjusted EBIT of EUR -18 to -32 million (margin of -2.5 to -4.5 per cent), including targeted growth investments
  • Accelerated profitable growth: revenue growth guidance for FY 2015 raised to 33-35 per cent; in return, adjusted EBIT margin lowered to 3-4 per cent for full year

BERLIN, 2015-10-16 — /EPR Retail News/ — Zalando SE, Europe’s leading online platform for fashion, grew group revenues in the third quarter of 2015 to EUR 707-717 million or by 41-43 per cent (Q3 2014: 501 million), according to preliminary figures. Zalando expects to achieve an adjusted EBIT of EUR -18 to -32 million, corresponding to an adjusted EBIT margin of -2.5 to -4.5 per cent (Q3 2014: EUR 4 million or 0.8 per cent). In the first nine months of 2015 Zalando achieved revenues of EUR 2,084-2,094 million, growing by around 35 per cent (first nine months 2014: EUR 1,548 million). Adjusted EBIT for the first nine months is expected to come in at EUR 27-41 million, a margin of around 1.6 per cent at the mid-point of the range.

Rubin Ritter, Member of the Management Board, said: “The results are in line with our strategy to invest into long-term growth. In the third quarter we saw unique growth opportunities to significantly beat our growth targets and tapped into these with full conviction. We remain committed to our profitable growth path, but are willing to trade in some profitability to accelerate our growth and gain market share.”

Zalando continued to invest in its customer proposition in the third quarter, driving revenue growth significantly above expectations at the expense of margin. While gross margin was in line with the prior year, profitability was mainly impacted by higher fulfillment and marketing costs:

  • Fulfillment cost: higher than usual fulfillment cost to secure a first-class customer experience even at fast-growing volumes, plus significant technology investments to further drive Zalando’s mobile and platform strategies. Fraud cases in the first-half of 2015 triggered lower than expected debt collection rates, representing a single-digit million amount.
  • Marketing cost: higher marketing cost ratio year-on-year, driven by increased investments into app downloads plus an earlier fall-winter season start campaign compared to last year.

Zalando raises full year growth guidance

Following these strong results in the first nine months of the year, Zalando is now expecting to substantially exceed its initial 2015 revenue growth corridor of 20-25 per cent and revised guidance of 28-31 percent and is increasing its guidance to 33-35 per cent. As a result of additional growth investments, guidance for 2015 adjusted EBIT margin is lowered to 3-4 per cent.

All figures reported herein are preliminary and unreviewed. Full financial disclosure for the third quarter will be published on 12 November, 2015.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles, including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with three centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe. We believe that our integration of fashion, operations and online technology gives us the capability to deliver a compelling value proposition
to both our customers and fashion brand partners.

Zalando’s shops attract over 135 million visits per month. In the second quarter of 2015, around 57 percent of traffic came from mobile devices, resulting in close to 16.4 million active customers by the end of the quarter.

CONTACT
René Gribnitz
Vice President Communications
rene.gribnitz@zalando.de
+49 30 20968 2022