Edition:
India

Zalando Revises 2018 Guidance As Hot Summer, Delayed Switch To Fall/Winter Season Weigh On Revenue


Tuesday, 18 Sep 2018 

Sept 17 (Reuters) - Zalando SE ::DGAP-ADHOC: ZALANDO SE: REVISION OF GUIDANCE FOR THE FISCAL YEAR 2018.CAPITAL EXPENDITURE (CAPEX) AND NET WORKING CAPITAL GUIDANCE REMAIN UNCHANGED FOR FY 2018.FOR FY 2018, EXPECT ADJUSTED EBIT OF EUR 150 MILLION- EUR 190 MILLION (PREVIOUSLY: AT LOW END OF A EUR 220-270 MILLION TARGET RANGE).SAYS FOR Q3 2018, MANAGEMENT EXPECTS REVENUE GROWTH AND ADJUSTED EBIT TO BE SIGNIFICANTLY BELOW ANALYST ESTIMATES.ZALANDO NOW EXPECTS REVENUE GROWTH FY 2018 AROUND LOW END OF ITS 20-25% TARGET GROWTH CORRIDOR.ZALANDO - REVISES 2018 GUIDANCE AS EXTENDED, UNUSUALLY HOT SUMMER PERIOD AND DELAYED SWITCH TO FALL/WINTER SEASON WEIGH ON REVENUE GROWTH, ADJUSTED EBIT.