Zalando SE Adjusts 2024 Financial Outlook Following Strong Q3 Performance

Zalando SE has revised its financial forecast for 2024, reflecting a robust third quarter. The company's strategic focus on quality, expanding lifestyle offerings, and enhancing B2B capabilities has driven consumer demand during a strong start to the fall/winter season.

For 2024, Zalando anticipates a gross merchandise volume (GMV) growth of 3% to 5%, reaching 15.1 to 15.4 billion euros. Revenue projections have been adjusted to a 2% to 5% increase, totaling 10.3 to 10.7 billion euros. Adjusted EBIT is now forecasted at 440 to 480 million euros, alongside a capital expenditure of 200 million euros.

Preliminary Q3 figures show a 7.8% GMV increase to 3.5 billion euros, with revenue rising 5.0% to 2.4 billion euros. Adjusted EBIT saw a significant jump from 23 million to 93 million euros. Full Q3 results will be published on November 5, 2024.