Zalando rises after 'solid' numbers, confirms FY outlook

Zalando SE

06/05/2026 07:37

** Shares in Zalando rise 3.3% in early Frankfurt trade, rebounding after recent weakness as the online fashion retailer reported results above last year's level and confirmed FY guidance

** Zalando posts Q1 gross merchandise volume (GMV) of 4.3 billion euros (5.04 billion), up 21.7% from 3.5 billion euros a year earlier

** Its quarterly adjusted EBIT amounted to 64.8 million euros, compared to 46.7 million euros last year

** J.P. Morgan says Zalando's quarterly report is a "solid" update from the company

** "Given the relatively high short interest, we would expect the stock to move higher, although the lack of implied upgrades and ongoing concerns on the mid-term outlook from the development of agentic commerce, mean that any material move up is unlikely to be sustained in our view," JPM adds

** The stock, which has lost 17.9% YTD as of Tuesday's close, is seen among the best performers of Germany's blue-chip index .GDAXI

($1 = 0.8525 euros)

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))