Zalando SE (ZAL) Q3 Adjusted EBIT Rose 10.6% to €107M

What happened

Zalando reported third-quarter adjusted EBIT of €107M, up 10.6%. Reported gross merchandise value rose 7.5% and revenue rose 5.1%. B2B revenue grew almost 28% to €354M, and the company confirmed its full-year 2026 guidance from August.

Confirmed

Global impact / market context

Profit grew faster than revenue, which means Zalando kept more profit per sale, which means each sale became more profitable. Its B2B unit, which sells to other businesses, more than doubled adjusted EBIT to €42M, making it a key driver of earnings growth.

Analyst inference

Zalando kept its 2026 guidance, which means it did not change its forecast, and expects reported growth in the lower half of its 12%–17% range. This suggests growth is slowing from earlier levels, so extra gains would need continued B2B growth.

Analyst inference

What to watch

1. Full-year results are due 11 March 2027, when investors can check whether profit growth and B2B momentum continued through the year. Confirmed
2. Watch whether management keeps the confirmed 2026 guidance, which means its forecast, and whether reported growth stays in the lower half of the 12%–17% range. Proposed
3. Watch whether B2B revenue keeps growing near 28% and whether its 11.9% profit per sale holds, since further earnings upside depends on that. Analyst inference

Evidence

• eqs-news.com