Germany's Zalando Q1 revenue rises 24%

Zalando SE

06/05/2026 06:15

Overview

German fashion e-commerce platform's Q1 revenue grew 24%

Adjusted EBIT rose 39% yr/yr, aided by ABOUT YOU synergies and AI-driven efficiencies

Company confirmed its full-year 2026 guidance for growth and profitability

Outlook

Zalando confirms 2026 guidance for GMV and revenue growth of 12% to 17% reported

Company expects 2026 adjusted EBIT between 660 mln and 740 mln euros

Zalando says consumer demand remains resilient despite volatile geopolitical and subdued macro-economic conditions

Result Drivers

ABOUT YOU SYNERGIES - Co said synergies from ABOUT YOU acquisition contributed EUR 10 mln to adjusted EBIT in Q1

MULTI-APP STRATEGY - Co said its multi-app approach drove active customers to a new high and increased average spend per customer

Company press release: ID:nEQ92K00sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
EUR 3 bln
EUR 3.002 bln (4 Analysts)
Q1 Net Income
-EUR 87.60 mln
Q1 Adjusted EBIT
EUR 64.80 mln
Q1 Adjusted EBIT Margin
2.20%
Q1 GMV
EUR 4.29 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Zalando SE is €35.00, about 68.3% above its May 5 closing price of €20.80

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)