Zalando has experienced a softer Q2 21 after the incredibly strong Q1 21. On the back of the continued good momentum in the top line, adjusted EBIT slid 13% from last year. In addition to the resumed marketing spending, we believe that the pandemic-led lower return rate has started to normalise, and we believe this normalisation will continue to affect the profitability for the rest of the year.
Also, the maintained guidance for FY21 has cooled down the the market’s current enthusiasm.
05 Aug 2021
The gradually normalising trading environment
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The gradually normalising trading environment
Zalando has experienced a softer Q2 21 after the incredibly strong Q1 21. On the back of the continued good momentum in the top line, adjusted EBIT slid 13% from last year. In addition to the resumed marketing spending, we believe that the pandemic-led lower return rate has started to normalise, and we believe this normalisation will continue to affect the profitability for the rest of the year.
Also, the maintained guidance for FY21 has cooled down the the market’s current enthusiasm.