Despite the continued strong top-line momentum, the delayed start of the winter season, gradually normalising consumer behaviour after the pandemic and the highly competitive post-lockdown promotional environment have all dragged down the group’s profitability. Operating margin was 0.4% (vs. 6.4% in Q3 20 /0.4% in Q3 19).
The group has maintained its FY 21 guidance. Zalando said that it is well-prepared for the year-end holiday shopping season despite the industry-wide supply-chain challenges, ....
03 Nov 2021
Margin retreats to the pre-pandemic level
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Margin retreats to the pre-pandemic level
Despite the continued strong top-line momentum, the delayed start of the winter season, gradually normalising consumer behaviour after the pandemic and the highly competitive post-lockdown promotional environment have all dragged down the group’s profitability. Operating margin was 0.4% (vs. 6.4% in Q3 20 /0.4% in Q3 19).
The group has maintained its FY 21 guidance. Zalando said that it is well-prepared for the year-end holiday shopping season despite the industry-wide supply-chain challenges, ....