Zalando First-Quarter Earnings Flat as Revenue Rises
19 Abril 2017 - 04:01AM
Dow Jones News
By Friedrich Geiger
BERLIN--Online fashion retailer Zalando SE (ZAL.XE) Wednesday
said its adjusted first-quarter earnings were around the same level
as a year earlier, despite revenues growing strongly.
Adjusted earnings before interest and tax were 10 million euros
($11 million) to EUR30 million in the January-to-March quarter,
compared to EUR20.2 million year earlier, according to the German
company's preliminary figures. Analysts had on average expected
adjusted EBIT of EUR29 million. Revenue was EUR971 million to
EUR987 million, a 22% to 24% increase on the year. Zalando is set
to release additional financial data, including net profit, on May
9.
"We are fully on track with our long-term aspirations and keep
expanding our business at high speed, while investing into our
consumer experience and brand partner proposition," said co-Chief
Executive Rubin Ritter.
Zalando confirmed its full-year guidance, forecasting 20% to
25% revenue growth and an adjusted EBIT margin of 5.0% to 6.0%.
Zalando said supervisory board members Lorenzo Grabau, the
former CEO of Kinnevik AB (KINV-B.SK), and United Internet AG
(UTDI.XE) supervisory board member Kai-Uwe Ricke, wouldn't seek
reelection to the company's supervisory board at the shareholder
meeting in May. Instead, the board recommended Infineon
Technologies AG (IFNNY) Chief Financial Officer Dominik Asam and
Shanna Preve, managing director business development for Alphabet
Inc.'s (GOOG) Google Consumer Hardware Group for election to the
board.
Write to Friedrich Geiger at friedrich.geiger@wsj.com
(END) Dow Jones Newswires
April 19, 2017 02:46 ET (06:46 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Alphabet (NASDAQ:GOOG)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024
Alphabet (NASDAQ:GOOG)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024