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Zalando (XTRA: ZAL) 3Q17 Trading Update: Strong Sales Growth, but Declining Profit Margins Due to Growth Investments

Executive Summary

  • Zalando expects to report 3Q17 revenues of €1,064–€1,081 million, according to preliminary figures, representing growth of 27.5%–29.5% year over year.
  • The company expects to achieve 3Q17 adjusted EBIT of €(5.0)–€5.0 million, corresponding to an adjusted EBIT margin of (0.5)%–0.5%.
  • The company will report full and detailed 3Q17 results on November 7, 2017.
  • Zalando will enter the beauty market in spring 2018 to tap into the online beauty shopping opportunity in Europe and complement its fashion assortment.

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