๐ ๐๐ซ๐ ๐๐๐ง๐ข๐ฌ๐ฌ๐
โข Q3 GMV: โฌ4.5 billion (+7.5%)
โข Revenue: โฌ3.2 billion (+5.1%)
โข Adjusted EBIT: โฌ107 million (+10.6%)
โข Adjusted EBIT margin: 3.4% (+0.2 percentage points)
โข B2B revenue: โฌ354 million (+28%)
โข B2B EBIT: โฌ42 million (previous year: โฌ20 million)
โข B2B EBIT margin: 11.9% (previous year: 7.1%)
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๐ฏ ๐๐ฎ๐ฌ๐๐ฅ๐ข๐๐ค
โข 2026 Full-Year Forecast Confirmed
โข GMV and revenue growth: lower half of the range from +12% to +17%
โข Adjusted EBIT: โฌ680 million to โฌ720 million
โข Capex: โฌ240 million to โฌ300 million
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๐ Key Highlights
โข B2B growth accelerates to nearly 28%; operating profit more than doubles
โข Active customers reach a new all-time high of 63.2 million (+2.9%)
โข Partner business and retail media post double-digit growth; retail media revenue rises by nearly 18%
โข Partner share reaches 33.6% of B2C GMV; target for 2028 is 40% to 50%
โข The ABOUT-YOU integration delivers synergies in the low double-digit millions
โข The new Zalando Extended platform integrates products from external online stores. Starting in 2027, a proprietary AI agent will process purchases directly within the Zalando app; Westwing is the first pilot partner
โข SCAYLE and ZEOS are winning additional major international clients and strengthening their high-margin B2B business
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ-๐๐ฎ๐ฌ๐ฌ๐๐ ๐
โAt the same time, we are accelerating our transition to a platform model. Our partner business and retail media are growing at double-digit rates, while B2B revenue increased by nearly 28%.โ (CFO Anna Dimitrova)