Zalando SE: Zalando Expects Adjusted EBIT in First Quarter of 2019 above Market Consensus
Berlin, April 15, 2019
// Pursuant to current estimates of financial results for the first quarter of 2019, Zalando SE expects a positive adjusted EBIT in the single-digit millions and thus above market expectations (company-compiled median analyst estimate at the date hereof: EUR -10 million). Europe's leading online platform for fashion and lifestyle expects GMV and revenue growth approximately in line with market expectations (company-compiled median analyst estimates at the date hereof: 23.0% and 15.2% respectively). Chief Financial Officer David Schröder says: "We are pleased with our performance in the first quarter, demonstrating that we are focused on strong execution. These results are in line with the company's full-year outlook." All figures reported herein are preliminary and unaudited. Zalando will report its financial figures for the first quarter on May 2, 2019.
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Language: English Company: Zalando SE Valeska-Gert-Straße 5 10243 Berlin
Germany E-mail: firstname.lastname@example.org Internet: https://corporate.zalando.de ISIN: DE000ZAL1111 WKN: ZAL111 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 800323 End of News DGAP News Service