Company Earnings Update 2 minutesRegister for Free AccessZalando (XTRA: ZAL) 3Q17 Results: Investment in Logistics and Technology Impacts Profitability Coresight Research November 8, 2017 Executive Summary Zalando reported 3Q17 revenues of €1,074.7 million, up 28.7% year over year, and in line with the consensus estimate of €1,074.0 million. Adjusted EBIT came in at €0.4 million versus the consensus estimate of €3.2 million, corresponding to an adjusted EBIT margin of 0.0%. A one-million increase in the number active customers in 3Q17 and faster revenue growth in the DACH region helped drive up revenues in the quarter. At the same time, however, the company’s focus on investment in logistics and technology affected profitability. Due to a weaker-than-expected operating profit in 3Q17, Zalando revised its expectations for FY17 adjusted EBIT margin, to just under 5.0%. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: US Store Tracker Extra, June 2023: Walgreens Adds 2 Million Square Feet to ClosuresUS Drugstores—Retail 2024 Sector Outlook: Mid-Single-Digit Sales Growth; Stronger Focus on Healthcare ExpansionChinese New Year 2023 Review: Early Signs of Consumption Recovery AppearMarket Navigator: Global Luxury Retailing—Ultra Luxe and the China Market Stand Out as High-End Hitters