Added to YB: 2026-09-23
Pitch date: 2026-09-17
ZAL.DE [neutral]
Zalando SE
+3.33%
current return
Author Info
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Company Info
Zalando SE operates an online platform for fashion and lifestyle products in Germany and internationally.
Market Cap
EUR 5.2B
Pitch Price
EUR 21.63
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.27
P/E
58.36
EV/Sales
0.38
Sector
Specialty Retail
Category
growth
Zalando (ZAL Germany): Logistics efficiencies and B2B growth to lift margins
ZAL.DE (update): Zalando can expand margins through a leaner fulfilment network and faster-growing B2B operations while expanding in less-penetrated European markets, without requiring a sharp consumer recovery. B2B is ~10% of revenue and management sees an 8-9% adjusted EBIT margin in 2026, supporting the 6-8% group target by 2028. Subdued demand, Q3 sneaker discounting and dependence on internal execution constrain the near-term case.
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