Ad-hoc | 12 February 2015 00:15

Zalando profitable in 2014 after strong Q4 2014

DGAP-Ad-hoc: Zalando SE / Key word(s): Final Results

2015-02-12 / 00:15
Dissemination of an Ad hoc announcement according to § 15 WpHG.
The issuer is solely responsible for the content of this announcement.

Berlin, February 11, 2015 – Zalando SE (ISIN DE000ZAL1111) grew group revenues in 2014 by about 26 per cent to EUR 2.2 billion (2013: EUR 1.8 billion), according to preliminary figures. In the fourth quarter of 2014, group revenues grew by about 21 per cent to EUR 666 million (Q4 2013: EUR 550 million). Zalando achieved an adjusted EBIT of EUR 66 million1, corresponding to an adjusted EBIT margin of 9.9 per cent (Q4 2013: 2.4 per cent) in the fourth quarter. The non-adjusted EBIT amounted to EUR 61 million in Q4. This development was driven by improvements along several cost lines, most notably cost of sales and marketing. For the full-year 2014, Zalando achieved annual group profitability with an adjusted EBIT of EUR 82 million(*), corresponding to an adjusted EBIT margin of 3.7 per cent (2013: -6.2 per cent). The non-adjusted EBIT for the full-year 2014 amounted to EUR 62 million.

Zalando reconfirms its revenue guidance for 2015 with a growth target corridor of 20-25 per cent. Focus continues to be on delivering profitable growth; driven by investments in long-term growth, Zalando expects 2015 margins not to exceed the strong level achieved in 2014.

All figures reported herein are preliminary and unaudited. Zalando will publish full financial figures and further information on March 5, 2015.

Table 1: Zalando Group – Revenues, EBIT and adjusted EBIT (EUR million, preliminary)




	FY 2014	FY 2013	Q4 2014	Q4 2013


Group revenues	2,214	1,762	666	550


Group EBIT	62	-114	61	12


Adjusted group EBIT(*)	82	-109	66	13

(*) Adjusted to exclude equity-settled stock based compensation costs.

Zalando SE
Tamara-Danz-Str. 1
10243 Berlin
Germany
ISIN: DE000ZAL1111
WKN: ZAL111
Common Code:_111189528
Trading symbol: ZAL

Listed: Regulated market (Prime Standard) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse)

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Language:	English
Company:	Zalando SE
	Tamara-Danz-Straße 1
	10243 Berlin
	Germany
E-mail:	presse@zalando.de
Internet:	https://corporate.zalando.de
ISIN:	DE000ZAL1111
WKN:	ZAL111
Indices:	SDAX
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin – Tradegate Exchange, Düsseldorf, Hamburg, München, Stuttgart


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