Company Earnings UpdateZalando (XTRA: ZAL) 1Q17 Results: Strong Revenue Growth Driven by Expanding Customer Base Coresight Research May 10, 2017 Executive Summary Zalando reported 1Q17 group revenue of €980.2 million, up 23.1% on a reported basis and above the consensus estimate of €978.8 million. The company’s gross margin contracted by 50 basis points year over year, to 41.4%, and its adjusted EBIT margin declined to 2.1%. Diluted EPS remained stable at €0.02 in 1Q17. A growing customer base that ordered more often translated into strong revenue growth. Continued investment in infrastructure and the customer and brand propositions translated into a decrease in gross margin and operating margin. Zalando reiterated its FY17 revenue guidance of 20.0%–25.0% growth. The company expects an adjusted EBIT margin of 5.0%–6.0% for the full year. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Middle-Income Consumers Drive Improved Financial Optimism: US Consumer Survey InsightsAnalyst Corner: Decoding Blinkit’s Latest Numbers To Understand India’s Quick-Commerce Growth Story, with Manik BhatiaInnovator Profile: Azoma—Optimizing Product Visibility for AI-Driven and Agentic CommerceAnalyst Corner: What’s Happening in Beauty Retail?—Analyzing Mixed Performance and Success Strategies with Madhav Pitaliya
