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Zalando (XTRA: ZAL) 1Q17 Trading Update: Powering Ahead with Continued Strong Sales

Executive Summary

  • Zalando expects to report 1Q17 revenue growth in the range of 22%–24% year over year to €971–€987 million, according to preliminary figures.
  • The company expects to achieve 1Q17 adjusted EBIT of €10–€30 million, corresponding to an adjusted EBIT margin of 1.0%–0%.
  • Management confirmed FY17 guidance and reiterated that the company expects to deliver FY17 revenue growth of 20.0%–0% and adjusted EBIT margin of 5.0%–6.0%. The company will report full and detailed 1Q17 results on May 9, 2017.
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