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Zalando (XTRA: ZAL) 1Q16 Results: Revenue Grows but Below Consensus

Executive Summary

  • In its preliminary results for 1Q16, Zalando reported revenue growth in the range of 22.5% to 24.5%, to €788 million to €801 million, below a consensus of €838 million.
  • The company expects its 1Q16 EBIT margin to be in the range of 1.5% to 3.5%, down from 4.5% in 1Q15.
  • Zalando expects to deliver 20% to 25% revenue growth and an adjusted EBIT margin of 3.0% to 4.5% during FY16.
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