Zalando Increases 2024 Forecast: Up to €480M EBIT and 5% Sales Growth

The online retailer Zalando is increasing its projection for the year after a strong start to the fall and winter seasons. The company has revised its forecast for 2024, estimating an adjusted operational result (EBIT) of between 440 and 480 million euros and sales growth of two to five percent, reaching a maximum of 10.7 billion euros. This is a substantial increase of up to 40% above the EUR 350 million from the previous year.

The company had previously projected an EBIT for 2024 of between 380 and 450 million euros without discounting the possibility of flat revenues. Zalando shares increased by over two percent in early trade on Friday as multiple analysts raised their price estimates.

Overall, this was a positive and encouraging update from Zalando,

analysts at JP Morgan

Zalando’s Q3: Revenue Rises 5%, EBIT Quadruples as Company Prepares for Future Investments

With revenues up 5% to 2.4 billion euros and an EBIT quadrupling to 93 million euros, the third quarter appeared to go remarkably well, based on preliminary numbers. 59 million euros was the average EBIT that analysts had predicted, according to the company. The third quarter saw a rise in demand throughout the industry, according to Robert Gentz, co-CEO of Zalando, with a strong start to the fall/winter season in contrast to the slow start in the previous year.

In addition, over 50 million people use Zalando every day. Future investments by the Group are planned in areas including consumer loyalty, the shopping experience, and the European logistics network. On November 5, Zalando intends to release its complete quarterly report.

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