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
- Excludes equity-settledshare-based payment expense ("SBC") of EUR ~65m, restructuring costs and non-operatingone-time effects
- 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.