EQS-News

Zalando Boosts Quality Assortment, Grows Lifestyle Offering, Elevates Inspiration and Wins More B2B Partners to Deliver GMV Growth and Rising Profitability in Q1

EQS-News: Zalando SE / Key word(s): Quarter Results Zalando Boosts Quality Assortment, Grows Lifestyle Offering, Elevates Inspiration and Wins More B2B Partners to Deliver GMV Growth and Rising Profitability in Q1 07.05.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Zalando Boosts Quality Assortment, Grows Lifestyle Offering, Elevates Inspiration and Wins More B2B Partners to Deliver GMV Growth and Rising Profitability in Q1

• First-quarter gross merchandise volume (GMV) rises 1.3%
• Adjusted earnings before interest and tax (adjusted EBIT) increases to 28.3 million euros in the quarter, representing a margin of 1.3%
• Business-to-Consumer (B2C) sees strongest growth from the propositions Beauty, Sports, Kids & Family as well as ‘Lounge by Zalando’
• Business-to-Business (B2B) adds more multi-channel fulfilment partners and grows revenue by 13%
• Full-year guidance for 2024 confirmed
   

Berlin, May 7, 2024 // Zalando delivered growth and improved profitability in the first quarter as it boosted the quality of its assortment, saw strong growth in its lifestyle offerings, made the customer experience more inspirational and added more logistics partners. The results are a validation of Zalando’s updated strategy, announced in March, to build the leading pan-European fashion and lifestyle e-commerce ecosystem around its two main growth vectors: Business-to-Consumer (B2C) and Business-to-Business (B2B).

Gross merchandise volume (GMV) rose 1.3% to 3.3 billion euros in the first quarter compared with a year ago. Revenue was 2.2 billion euros compared with 2.3 billion euros in the prior-year period. Adjusted earnings before interest and tax (adjusted EBIT) rose to 28.3 million euros in the first quarter, in line with market expectations and representing a margin of 1.3%, compared to -0.7 million euros in the prior-year period. The substantial improvement in profitability was driven by lower fulfilment costs and successful inventory management, leading to an improved gross margin.