The group has sent a strong encouraging sign by updating its FY20 outlook. The group is expecting its revenue to grow by 10-20%, and adjusted EBIT to reach €100-€200m for FY20, both are largely above the market’s current expectations. The worldwide spread of COVID-19 has not only massively hit the fashion retail industry, but also accelerated the industry transformation from offline to online, and Zalando has been well prepared.
07 May 2020
Encouraging FY20 outlook
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Encouraging FY20 outlook
Zalando SE (ZAL:WBO) | 0 0 2.1% | Mkt Cap: 11,863m
- Published:
07 May 2020 -
Author:
Jie Zhang -
Pages:
3
The group has sent a strong encouraging sign by updating its FY20 outlook. The group is expecting its revenue to grow by 10-20%, and adjusted EBIT to reach €100-€200m for FY20, both are largely above the market’s current expectations. The worldwide spread of COVID-19 has not only massively hit the fashion retail industry, but also accelerated the industry transformation from offline to online, and Zalando has been well prepared.