Zalando SE: First Quarter above Market Expectations

DGAP-Ad-hoc: Zalando SE / Key word(s): Quarter Results Zalando SE: First Quarter above Market Expectations 20-Apr-2021 / 17:50 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. BERLIN, April 20, 2021 // Zalando SE expects first quarter results above market expectations, as a result of a stronger-than-expected start to the spring-summer season as well as a lower-than-expected return rate. According to preliminary figures for the first quarter of 2021, Zalando increased Gross Merchandise Volume (GMV) by 54.5-56.5% to 3.13-3.17 billion euros (Q1 2020: 2.0 billion euros) and revenues by 46-48% to 2.22-2.26 billion euros (Q1 2020: 1.5 billion). Zalando expects an adjusted EBIT in the same period between 80-100 million euros (Q1 2020: -98.6 million euros). The median of the analysts' consensus surveyed by the company as of March 29, 2021, was 50.0% for GMV growth, 45.5% for revenue growth and 41 million euros for adjusted EBIT. Zalando will publish its financial figures for the first quarter 2021 on May 6, 2021, at 07.00 CET. Person making the notification: Dr. Martin Hager, Team Lead Capital Markets Law INVESTOR/ANALYST INQUIRIES Patrick Kofler Investor Relations [e-mail] [phone] MEDIA INQUIRIES Alexander Styles Business & Financial Communications [e-mail] [phone] 20-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Zalando SE
	Valeska-Gert-Straße 5
	10243 Berlin
	Germany
E-mail:	[e-mail]
Internet:	https://corporate.zalando.de
ISIN:	DE000ZAL1111
WKN:	ZAL111
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1186827

End of Announcement	DGAP News Service

1186827  20-Apr-2021 CET/CEST