Zalando published its FY21 results which were in line with its previous guidance and market expectations. The group is well on track to achieve its GMV goal of more than €30bn by 2025, but it confirmed that the significant acceleration in growth and temporary return rate benefit driven by the pandemic will continue to normalise.
The updated guidance for FY22 was slightly below our expectations, and the group said the Russia-Ukraine conflict may delay its East European expansion.
02 Mar 2022
The cautious outlook excludes a potential impact from the Russian-Ukraine conflict
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The cautious outlook excludes a potential impact from the Russian-Ukraine conflict
Zalando published its FY21 results which were in line with its previous guidance and market expectations. The group is well on track to achieve its GMV goal of more than €30bn by 2025, but it confirmed that the significant acceleration in growth and temporary return rate benefit driven by the pandemic will continue to normalise.
The updated guidance for FY22 was slightly below our expectations, and the group said the Russia-Ukraine conflict may delay its East European expansion.