Third Quarter Growth Generates Positive Market Outlook

Zalando demonstrated strong performance in the third quarter of 2024, with revenue up 5.0% to €2.4 billion. The online fashion retailer’s gross merchandise volume saw an impressive increase of 7.8%, reaching €3.5 billion, while the active customer base expanded to 50.3 million users. The company’s profitability improved significantly, with earnings per share up to €0.17, a significant turnaround from the previous year’s loss of €0.03. Average order value remained strong at €61.10, reflecting continued customer engagement and purchasing confidence. The improvement in operating margin of 3.9% once again underlines the strengthening of the company’s position in the market.

Market response and future outlook

Despite positive quarterly results, Zalando shares fell 2.2% to €29.13 in recent trading. However, analysts remain optimistic, setting an average price target of €34.61, suggesting considerable upside potential from current levels. The stock remains well above its 52-week low of €15.95, while the company reaffirmed its upwardly revised guidance for the full year 2024, forecasting growth in the figure of business between 2% and 5% and an adjusted EBIT of 440 to 480 million euros.

Announcement

Zalando action: new analysis – November 27

New information on Zalando published. What is the impact for investors? Our latest independent report examines recent figures and market trends.

Read our updated Zalando analysis…