Executive Summary

• Zalando expects to report 3Q16 revenue growth in the range of 16-18% year over year to €827-841 million, according to preliminary figures.
• The company expects to achieve 3Q16 adjusted EBIT of €8-25 million, corresponding to an adjusted EBIT margin of 1.0-3.0%. This marks a clear year-over-year improvement, as Zalando reported an adjusted EBIT decline of
  €24 million and EBIT margin of (3.3)% in 3Q15.
• Management reiterated that the company expects to deliver FY16 revenue growth at the upper end of its forecast 20.0-25.0% revenue growth range. Following clear profitability improvements, Zalando raised its adjusted FY16 EBIT margin guidance to 5.0-6.0% from the previous range of 4.0-5.5%. The company will report full and detailed 3Q16 results on November 10, 2016.