Thursday, May 12, 2016

Quarterly figures are not convincing: Zalando are top losers – NEWS



 Thursday, May 12, 2016


 Screaming happiness can not Zalando investors currently. Once the online merchant has published its business card, the share price goes on dipping station. In particular, the annual forecast Analysts critical. But that’s not all.



The online retailer Zalando has struggled on Thursday with a significant price discount. The title of the MDAX company forfeited temporarily an approximately 4 percent. They were thus to the ex-dividend traded K + S biggest loser in the second-line index. The reason:. The quarterly figures were unconvincing


Zalando continues to grow rapidly, however, has seen a drop in profits in the first quarter. Net income slumped to 4.6 million from 24.3 million euros a year earlier, as Zalando announced. Analysts had on the other hand have expected 15 million euros to the online retailer. The first quarter was marked by strategic investments in further improving the customer experience.

Operationally, however, business was as expected. Adjusted EBIT declined although at 20.2 million from 29.1 million euros. The operating margin decreased to 2.5 percent from 4.5 percent. However, this was in line with preliminary estimates 12-28 million euros or 1.5 to 3.5 percent, the Zalando had published in mid-April. Revenue rose 23.7 percent to 796 million euros, compared to previously estimated 788 million to 801 million euros.

Targets confirmed

Overall, Zalando again outperformed the German fashion trade, who had to contend with a difficult quarter. According to calculations by the industry newspaper TextilWirtschaft the months of January and March in particular declined.

More about

Zalando therefore confirms its forecast for the full year and expects sales growth at the upper end of the target corridor of 20 to 25 percent and an adjusted EBIT margin of 3.0 to 4.5 percent. Zalando has announced for the current year investment of 200 million euros, mainly for technology, IT and logistics.

Ambitious Outlook

Not good, it was in trading on the Frankfurt stock exchange at the business card. “The turnover is well below the consensus of good € 821 million,” said one market participant. Another dealer complained the margin that still does not convince with 2.5 percent. The company still clearly have air upwards to achieve the annual target confirmed an adjusted EBIT margin of 3 to 4.5 percent. The outlook now appears somewhat ambitioniertert.



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