August 27, 2016 8:12 AM ET

Internet and Catalog Retail

Company Overview of Zalando SE

Company Overview

Zalando SE operates as an online fashion retailer in Europe. The company offers a range of products, including clothes, shoes, and accessories for women, men, and children. Zalando SE was founded in 2008 and is headquartered in Berlin, Germany.

Tamara-Danz-Strasse 1

Berlin,  10243

Germany

Founded in 2008

10,639 Employees

Key Executives for Zalando SE

Zalando SE does not have any Key Executives recorded.

Zalando SE Key Developments

Abercrombie & Fitch Co. Announces Partnership with Zalando

Abercrombie & Fitch Co. announced that it has entered into a wholesale agreement with Zalando. Beginning this week, Zalando will start offering Abercrombie & Fitch, Hollister and abercrombie kids products through its online stores in the 15 European markets it serves, which will provide Abercrombie & Fitch Co. access to Zalando's more than 18 million active customers.

Zalando SE Reports Earnings Results for the Second Quarter and Six Months of 2016

Zalando SE reported earnings results for the second quarter and six months of 2016. For the quarter, the company reported group revenues of EUR 916.4 million compared to EUR 733.0 million a year ago. Adjusted group EBIT was EUR 80.9 million compared to EUR 30.2 million a year ago. For the six months, the company reported group revenues of EUR 1,712.6 million compared to EUR 1,376.6 million a year ago. Adjusted group EBIT was EUR 101.2 million compared to EUR 59.2 million a year ago.

Zalando SE Provides Earnings Guidance for the Second Quarter and First Half of 2016; Reiterates Earnings Guidance for the Full Year of 2016

Zalando SE provided earnings guidance for the second quarter and first half of 2016. For the quarter, the company grew group revenues in the second quarter of 2016 to EUR 909 million - 924 million or by 24%-26%. The company expects to achieve an adjusted EBIT of EUR 68 million - 88 million, corresponding to an adjusted EBIT margin of 7.5%-9.5%. In the first half of 2016 the company achieved revenues of EUR 1,705 million - 1,720 million, growing by 24%-25%. Adjusted EBIT for the first half year 2016 is expected to come in at EUR 88 million - 108 million, a margin of around 5.7% at the mid-point of the range. As a result, the company reiterated its full year guidance of strong revenue growth at the upper end of the 20%-25% growth corridor and increases full-year adjusted EBIT margin guidance to 4.0%-5.5%.

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