German-based online fashion retailer Zalando reported that it expects 1Q17 revenue growth in the range of 22%–24% year over year to €971–€987 million, according to preliminary figures.
The company expects to achieve 1Q17 adjusted EBIT of €10-€30 million, corresponding to an adjusted EBIT margin of 1.0%–3.0%.
Management confirmed FY17 guidance and reiterated that the company expects to deliver FY17 revenue growth of 20.0%–25.0% and adjusted EBIT margin of 5.0%–6.0%. The company will report full and detailed 1Q17 results on May 9, 2017.
FY17 revenue consensus estimates stand at £4,479 million, implying annual year-over-year growth of 23%. Consensus expects operating profit of £265 million, implying an adjusted FY17 EBIT margin of 5.9%.