Germany · Delayed Price · Currency is EUR Zalando SE Earnings Call Transcripts
Fiscal Year 2026
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Strong financial growth in 2025 and Q1 2026 was driven by AI-powered innovation, B2C and B2B expansion, and sustainability initiatives. Strategic investments, share buybacks, and new executive leadership support long-term value creation.
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Q1 2026 saw strong double-digit GMV and revenue growth, with adjusted EBIT up 39% and robust expansion in both B2C and B2B segments. AI advancements drove operational efficiency, while guidance for 2026 is reiterated despite ongoing market volatility.
Fiscal Year 2025
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Strong 2025 results and a positive 2026 outlook are driven by AI, B2B, and retail media growth. About You integration accelerates synergies, while logistics and capital allocation optimize efficiency and shareholder returns.
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Delivered strong double-digit revenue and profit growth in 2025, driven by strategic acquisitions, AI-powered innovation, and expansion in both B2C and B2B. Announced a EUR 300 million share buyback and raised midterm margin targets, with robust guidance for 2026.
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Q3 2025 saw strong revenue and GMV growth, driven by the ABOUT YOU acquisition and robust B2B expansion. Profitability remained solid despite margin pressure, and full-year guidance was confirmed. Integration synergies and new partnerships are expected to fuel further growth.
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Strong H1 2025 results with 6.2% GMV and 7.6% revenue growth, improved profitability, and successful About You acquisition. 2025 guidance raised, with expected 12-15% GMV growth and EUR 550-600 million adjusted EBIT, driven by ecosystem strategy and B2B expansion.
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2024 saw record customer growth, strong financial results, and a 51% share price increase. Strategic focus includes expanding the e-commerce ecosystem, launching new loyalty programs, and acquiring ABOUT YOU, with sustainability and reinvestment prioritized.
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Q1 2025 saw 6.5% GMV and 7.9% revenue growth, with improved profitability and strong B2C/B2B performance. The About You acquisition is on track, the loyalty program expanded, and guidance for 2025 is confirmed despite a stable but muted market environment.
Fiscal Year 2024
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2025 guidance targets 4%-9% growth in revenue and GMV, driven by strategic initiatives and stable cost structure. Adjusted EBITDA margin improved to 4.8% in 2024, with further gains expected. Loyalty program expansion, About You integration, and strong cash position support long-term growth.
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Delivered strong 2024 results with GMV up 4.5% and adjusted EBIT margin rising to 4.8%. Expects 2025 GMV and revenue growth of 4%-9%, with About You acquisition set to accelerate growth and synergies.
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The acquisition of About You will create a leading pan-European fashion and lifestyle e-commerce group, leveraging a dual-brand strategy and complementary B2B platforms. The €1.1 billion deal is expected to deliver €100 million in annual synergies, with closing targeted for summer 2025.
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Q3 2024 delivered strong top-line growth and margin expansion, driven by robust demand and effective execution of the ecosystem strategy. Upgraded full-year guidance reflects continued momentum, with investments in loyalty, logistics, and AI engagement supporting future growth.
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Q2 2024 saw a return to growth with 2.8% GMV and 3.4% revenue increases, margin expansion, and strong B2B and B2C performance. Full-year guidance is reiterated, with H2 profitability impacted by strategic investments and higher fixed costs from logistics expansion.