German online fashion retailer Zalando has outlined a strategy to return to growth this year after being hit by challenging market conditions post-pandemic.
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Fashion Retailer Zalando Expects 2021 Revenue Above Estimates; Target Price €119 in Best-CaseGerman e-commerce company Zalando SE said on Monday that its revenue forecast for the financial year 2021 is significantly above current market expectations due to an extraordinarily strong start to the year.
Mar 16, 2021 05:37 AM GMT
German e-commerce company Zalando SE said on Monday that its revenue forecast for the financial year 2021 is significantly above current market expectations due to an extraordinarily strong start to the year.
German online fashion retailer forecasts to grow GMV by 27-32% to EUR 13.6-14.1 billion in the current financial year. Revenue is projected to grow by 24-29% to EUR 9.9-10.3 billion, trailing GMV growth as a result of the ongoing platform transition and increasing partner share.