ZALANDO SELong
So glad I didn't sell after a +20% gain. Now up +30%
Zalando Tweaks Strategy After Revenues Dip 1.9% in 2023
In 2023, Zalando's revenues dropped by 1.9% to 10.1 billion euros, with GMV slipping by 1.1% to 14.6 billion euros, indicating weak online fashion demand. However, adjusted full-year EBIT increased to 350 million euros from 185 million euros, leading to a 1.7 percentage point rise in EBIT margin. Zalando plans to enhance its B2B business by opening its logistics and services to brands and retailers, while focusing on quality and lifestyle propositions for consumers. This new strategy aims to achieve 5-10% compound annual growth in revenues and GMV over the next five years, with a target of covering 15% of the European fashion market by 2028.
Trading at 84.4% below our estimate of its fair value
Earnings are forecast to grow 27.31% per year
Earnings grew by 1966% over the past year
In 2023, Zalando's revenues dropped by 1.9% to 10.1 billion euros, with GMV slipping by 1.1% to 14.6 billion euros, indicating weak online fashion demand. However, adjusted full-year EBIT increased to 350 million euros from 185 million euros, leading to a 1.7 percentage point rise in EBIT margin. Zalando plans to enhance its B2B business by opening its logistics and services to brands and retailers, while focusing on quality and lifestyle propositions for consumers. This new strategy aims to achieve 5-10% compound annual growth in revenues and GMV over the next five years, with a target of covering 15% of the European fashion market by 2028.
Trading at 84.4% below our estimate of its fair value
Earnings are forecast to grow 27.31% per year
Earnings grew by 1966% over the past year
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