DGAP-Adhoc: Zalando SE: Updated Forecast for Full Year 2020 Above Market Expectations
DGAP-Ad-hoc: Zalando SE / Key word(s): Forecast
BERLIN, MAY 6, 2020 // Zalando SE, Europe's leading online platform for fashion and lifestyle expects to grow its Gross Merchandise Volume (GMV) and its revenue between 10 and 20% in 2020. Revenue growth will be slightly below GMV growth due to stronger growth of the partner business as part of the company's platform strategy. The new growth outlook is not only above market expectations but also significantly above the expected growth of the overall fashion industry.
Zalando expects to continue to grow profitably and therefore anticipates an adjusted EBIT between 100 million and 200 million euros for the fiscal year 2020 (fiscal year 2019: adjusted EBIT 224.9 million euros). The ranges of the current outlook reflect the not yet fully predictable development of the coronavirus pandemic over the course of the year. As part of its platform strategy, the company will continue to invest in its European logistics network and technology infrastructure and plans to invest between 230 million and 280 million euros this year (fiscal year 2019: 306.5 million euros). Furthermore, the Group expects a continued negative net working capital for the fiscal year 2020 (fiscal year 2019: minus 147,7 million euros). The company had withdrawn its initial guidance published on February 27, 2020, on March 30, due to the unpredictable impacts of the coronavirus pandemic. The guidance outlined in February for 2020 explicitly did not take the effects of the coronavirus pandemic into account. Dr. Martin Hager, Team Lead Capital Markets Law INVESTOR/ANALYST INQUIRIES Patrick Kofler Investor Relations [email protected] +49 (0)30 20968 1584 MEDIA INQUIRIES Linda Hübner Corporate Communications [email protected] +49 (0)152 21817372
06-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Zalando SE |
Valeska-Gert-Straße 5 | |
10243 Berlin | |
Germany | |
E-mail: | [email protected] |
Internet: | https://corporate.zalando.de |
ISIN: | DE000ZAL1111 |
WKN: | ZAL111 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1038053 |
End of Announcement | DGAP News Service |
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1038053 06-May-2020 CET/CEST
Zalando SE Stock
Currently there is a rather positive sentiment for Zalando SE with 5 Buy predictions and 2 Sell predictions.
With a target price of 26 € there is a slightly positive potential of 8.29% for Zalando SE compared to the current price of 24.01 €.