Page 1

Zalando Reports Standout First Quarter Results and Raises Full Year Outlook May 6 , 2021 Financials • share ( https://www.facebook.com/sharer/sharer.php ? u = https % 3A % 2F % 2Fcorporate.zalando.com % 2Fen % 2Ffinancials % 2Fzalando- reports - standout - first - quarter - results - and - raises - full - year - outlook ) • share ( https://www.linkedin.com/shareArticle ? mini = true & summary = All % 20informations % 20about % 20 % E2 % 80 % 9EZalando % 20Repo reports - standout - first - quarter - results - and - raises - full - year - outlook ) • mail ( mailto :? subject = Zalando % 3A % 20Zalando % 20Reports % 20Standout % 20First % 20Quarter % 20Re reports - standout - first - quarter - results - and - raises - full - year - outlook ) • Zalando expects 31-36 % GMV growth and 400-475 million euros adjusted EBIT for financial year 2021 • GMV grew 55.6 % to 3.2 billion euros in first quarter , at adjusted EBIT margin of 4.2 % • Exceptional new customer growth , reaching 41.8 million active customers • Zalando to expand European logistics network with five fulfillment centers by 2023 BERLIN , MAY 6 , 2021 // Zalando upgrades its outlook for the financial year 2021 following exceptionally strong and profitable growth in the first quarter , continued elevated growth levels in the second quarter , and a stable outlook for the second half of the year . The company now expects Gross Merchandise Volume ( GMV ) to grow 31-36 % to 14.0- 14.6 billion euros for the financial year 2021. The company expects revenues to grow 26- 31 % to 10.1-10.5 billion euros and an adjusted EBIT of 400-475 million euros in the same period . Zalando previously assumed GMV growth of 27-32 % , revenue growth of 24-29 % and an adjusted EBIT of 350-425 million euros for the full year 2021 .