DGAP-News

Zalando to continue on growth path in 2015 - Seite 2

accelerated track towards profitability with a margin of
-1.3 per cent (2013: -15.7 per cent).

In the fourth quarter of 2014, Zalando achieved revenues of EUR 666
million, up about 21 per cent (Q4 2013: EUR 550 million). Continued
operating leverage across several cost lines, especially cost of sales and
marketing, resulted in strong fourth quarter profitability. Adjusted EBIT
was EUR 66 million at group level, corresponding to an EBIT margin of
9.9 per cent, and even 12.3 per cent in the DACH region. Zalando generated
a strong free cash flow of EUR 73 million in the fourth quarter (2013: EUR
36 million), driven by a strong operating cash flow and continued focus on
capital efficiency.

By the end of 2014, Zalando counted 14.7 million active customers, adding
roughly 600,000 new active customers in the fourth quarter. Zalando has
also become an attractive partner and destination for international brands,
such as Topshop or GAP, as well as local fashion labels. Mobile traffic hit
a new all-time high: 48 per cent of traffic in the fourth quarter came from
mobile devices, hitting new highs around Christmas in some countries with
over 60 per cent. The push towards mobile has been a major theme throughout
the entire year, with mobile share up to 42 per cent from 27 per cent in
2013 and the Zalando app downloaded more than 7 million times by the end of
2014.

Please see our full annual report "The Zalando Code" online at
https://corporate.zalando.com/en/annual-report-2014. Zalando will report
figures for the first quarter 2015 on 12 May 2015.

Note to Editors:
Rubin Ritter will be available for Q&A during a conference call for media
today at
09.00 am CET. Please dial in at [phone], using the participant
code 26724309#.


Table 1: Zalando Group - Revenues and adjusted EBIT (EUR million)

                               FY 2014     FY 2013     Q4 2014     Q4 2013


Group revenues                 2,214.0     1,762.0       665.6       549.6


% growth                         25.7%       52.1%       21.1%       36.1%


DACH1                          1,234.0     1,056.1       363.5       322.5


% growth                         16.8%       36.6%       12.7%       28.8%


Rest of Europe2                  862.6       630.2       265.5       202.8


% growth                         36.9%       87.6%       31.0%       47.4%


Other3                           117.4        75.7        36.5        24.3