Zalando (ZAL) AGM 2026 summary

Opening remarks and agenda

• Reflected on 17 years of transformation, highlighting the journey from startup to a leading European digital group.

• Emphasized the company's role in shaping e-commerce, adapting to crises, and leading with AI innovation.

Financial performance review

• Achieved double-digit group revenue growth of nearly 17% to EUR 12.3 billion in 2025.

• Operating profit reached EUR 591 million; B2C GMV rose to EUR 17.6 billion with EUR 536 million profit.

• B2B revenue increased to EUR 1.1 billion, up almost 15%, with operating profit more than doubled.

• Q1 2026 GMV grew by 21.7% to EUR 4.3 billion; revenue up 23.8% to EUR 3 billion; operating profit up 38.7%.

Board and executive committee updates

• Anna Dimitrova appointed as Chief Financial Officer, bringing international experience to drive vision.