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Zalando (XTRA: ZAL) Q416 Trading Update: Strong Sales, but Slightly Below Analysts’ Estimates

Executive Summary

  • Zalando reported that it expects 4Q16 revenue to grow 25%–26% year over year to €1,086–€1,094 million, according to preliminary figures.
  • The company expects to achieve 4Q16 adjusted EBIT of €81–€104 million, corresponding to an adjusted EBIT margin of 7.5%–9.5%.
  • Management reiterated expectations of delivering FY16 year-over-year revenue growth of 22.9%–23.1%. Following clear profitability improvements, Zalando expects an adjusted FY16 EBIT margin of 5.6%–6.2%, up from 3.6% in FY15. The company will report full and detailed 4Q16 and FY16 results on March 1, 2017.

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