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MarketScreener Homepage  >  Equities  >  Xetra  >  Zalando SE    ZAL   DE000ZAL1111

ZALANDO SE

(ZAL)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/18 07:11:32 am
94.87 EUR   +1.75%
01/13ZALANDO : Goldman Sachs maintains a Buy rating
MD
01/07ZALANDO : Receives a Buy rating from Goldman Sachs
MD
01/07ZALANDO : Gets a Buy rating from Independant Research
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Zalando : Fashion e-tailer Zalando eyes growth acceleration in 2021 - CFO

11/19/2020 | 02:30pm EST

BERLIN, Nov 19 (Reuters) - German fashion e-tailer Zalando sees growth accelerating next year, Chief Financial Officer David Schroeder said on Thursday, after struggling to meet a surge in demand in the early stages of the COVID-19 pandemic.

The imposition of lockdowns in the spring pushed many shoppers online and Berlin-based Zalando raised its guidance for growth in gross merchandise value in 2020 to 25%-27% when it reported strong third-quarter results this month.

"For next year I can promise that we will be prepared for accelerated growth," Schroeder told the Morgan Stanley European Technology, Media and Telecom Conference.

Europe's biggest pure-play online fashion retailer is undergoing a transition from a wholesale to a platform model where it enables direct-to-consumer sales by brands like Nike and backs that up with order fulfillment.

That shift will make it easier to scale up deliveries in response to shifts in demand, Schroeder said, adding that in its incarnation as a wholesaler Zalando had to source inventory as much as a year in a advance.

While he expects demand tailwinds caused by a second wave of COVID-19 infections to fade, structural changes such as a consumer shift from offline to online shopping and more direct sales by brands are set to persist.

"Our strategy is the right one for the pandemic but also for what comes beyond," Schroeder said.

Zalando shares are up 75% in the year to date, valuing the business at 20.3 billion euros ($24 billion).

($1 = 0.8448 euros) (Reporting by Douglas Busvine; Editing by Mark Potter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
MORGAN STANLEY -1.61% 75.24 Delayed Quote.9.79%
ZALANDO SE 2.10% 95.1 Delayed Quote.2.39%
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Financials
Sales 2020 7 858 M 9 479 M 9 479 M
Net income 2020 221 M 267 M 267 M
Net cash 2020 908 M 1 096 M 1 096 M
P/E ratio 2020 106x
Yield 2020 -
Capitalization 23 480 M 28 388 M 28 321 M
EV / Sales 2020 2,87x
EV / Sales 2021 2,40x
Nbr of Employees 13 709
Free-Float 63,7%
Chart ZALANDO SE
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Technical analysis trends ZALANDO SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 88,05 €
Last Close Price 93,24 €
Spread / Highest target 23,3%
Spread / Average Target -5,57%
Spread / Lowest Target -59,5%
EPS Revisions
Managers and Directors
NameTitle
Robert Gentz Co-Chief Executive Officer
Rubin Ritter Co-Chief Executive Officer
David Schneider Co-Chief Executive Officer
Cristina Stenbeck Chairman-Supervisory Board
David Schröder Chief Financial Officer
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