Zalando Q2/22 Factsheet

August 04, 2022

Highlights

  • Second quarter Gross Merchandise Volume (GMV) flat compared to Q2 2021 at 3.8 billion euros, revenue of 2.6 billion euros (-4% YoY) and adjusted EBIT of 77.4 million euros
  • Zalando Plus expanded to Switzerland and grew 164% year-over-year, exceeding 1.5 million members
  • Successfully executing action plan to adapt to current volatile environment, with improved profitability expected for the second half of the year
  • Continuing to invest through cycle to drive deeper engagement with customers and growth in the partner business, notably with investment in Highsnobiety

Figures

Group key performance indicators

Q2/21

Q2/22

Q2/22 vs. Q2/21

Active customers (L12M, EUR m)

44.5

49.3

11%

Number of orders (m)

65.6

67.8

3%

Average orders per active customer (L12M, #)

5.0

5.2

4%

Average basket size (in EUR) (L12M, in EUR)

57.7

55.9

-3%

Results of operations

Gross merchandise volume (GMV) (in EUR bn)

3.8

3.8

0%

% growth

39.7%

0.0%

Revenue (in EUR m)

2,733

2,623

-4%

% growth

34.3%

-4.0%

Fashion Store

2,491

2,377

-5%

thereof DACH

1,159

1,070

-8%

thereof Rest of Europe

1,331

1,306

-2%

Adjusted EBIT (in EUR m)

184

77

Fashion Store

156

61

thereof DACH

120

52

thereof Rest of Europe

36

9

Adjusted EBIT (as % of revenue)

6.7%

3.0%

-3.8pp

Financial position (in EUR m)

Net working capital

13

207

Cash flow from operating activities

362

136

Cash flow from investing activities

-52

-77

Capex

-52

-74

* Definitions are available in the financial reports

Confirmation of updated full year 2022 outlook:

  • GMV growth of 3% - 7% and revenue growth of 0% - 3%
  • Adj. EBIT1 in the EUR 180 - 260m EUR range
  • Capex2 in the range EUR 350 - 400m and neutral net working capital
  1. Excludes equity-settledshare-based payment expense ("SBC") of EUR ~65m, restructuring costs and non-operatingone-time effects
  2. Excludes M&A transactions

Investor Relations contact

Patrick Kofler - Head of IR Patrick.Kofler@zalando.de Phone: +49 3020 9681 584

Nils Pöppinghaus - Senior Manager IR Nils.Poeppinghaus@zalando.de

E-mail: investor.relations@zalando.de

Dorothee Schultz - Manager IR-ESG Dorothee.Schultz@zalando.de

Homepage: https://corporate.zalando.com/en/ir

Ignacio Azpitarte Garay - Junior Manager IR Ignacio.Azpitarte.Garay@zalando.de

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Zalando SE published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 05:06:02 UTC.