German Fashion Electronics Zalando Intends To IPO Valuation Of $5 Billion

< p > Europe's largest fashion business Zalando released its full year revenue in 2013, and its revenue increased by 52% to 1 billion 762 million euros in 2013. Core Germany, Austria and Switzerland earned a total income of more than 1 billion euros for 1 billion 56 million euros for the first time. In addition, Zalando completed the mobile terminal crossing, and the annual "a href=" http://www.91se91.com/news/index_c.asp "mobile terminal /a" access rate accounted for 35%.

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< p > group management committee member Robert Gentz said in 2013 < a href= > http://www.91se91.com/news/index_c.asp > < < /a > > indicated that Zalando was very important for Zalando, and the group continued to maintain its leading position in the market.

In 2013, Zalando's EBIT pre tax profit margin increased by 50 basis points to 7.7%, while EBIT in Germany, Austria and Switzerland reached the breakeven point in the core area.

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< p > 2013, the four quarter of 2013, < a href= "http://www.91se91.com/news/index_c.asp" > Zalando < /a > accumulatively gained more than 300 million visits, becoming the most visited fashion business in Europe.

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< p > also worth mentioning is that in the past, Zalando driven by shoe products has changed in 2013, and clothing has become the largest sales category.

In 2013, the number of active users at Zalando AG shopping at least once reached 13 million, much higher than 9 million in 2012.

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< p > 2013 Zalando cash flow amounted to 350 million euros, and introduced Ontario Teacher 's Pension Plan' s and Anders Holch Povlsen and other new investors.

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< p > however, in 2013, the four quarter revenue growth of Zalando AG showed a significant slowdown. The four quarter growth rate was 74%, 70%, 42% and 36% respectively. Meanwhile, the Zalando traffic in the fourth quarter of 2013 continued to decline for a period of three months. According to the Internet research company comScore data, Zalando's visit in December 2013 increased by 26.4% over the same period in 2012. The increase has been falling from 53% in September, less than 40% in October and October.

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The weak performance at the end of P > Zalando made the largest shareholder controlling the 37% stake of the electricity supplier and the Investment Kinnevik share price of Swedish investment company pressed day by day, which has been decreasing day by day since last Friday, and has fallen 16.3% in five days.

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< p > Zalando in early 2014, there was an important management change. The chief executive of group Kinnevik Investment Kinnevik and chairman of Zalando's newly established board of directors Mia Brunell Livfors suddenly announced its resignation at the end of January.

Investment Kinnevik executive chairman, founder Jan Stenbeck daughter Cristina Stenbeck will take over the position of Zalando chairman.

Meanwhile, Lothar Lanz, chief financial officer of Axel Springer, the German publishing group, joined the board.

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In addition, in December 2013, Zalando changed its organizational form from a limited liability company to a private shareholding company adopted by most German listed companies, which made the speculation of the market approaching its listing more intense.

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After the release of the P, the Reuters quoted sources as saying that Zalando is in touch with the investment bank. It is expected that IPO will be launched later this year.

However, Rubin Ritter, a member of the Zalando board, said that it was not yet time to talk about IPO, but said that once Zalando was listed, it would become Germany's largest IPO company after its listing in 2000.

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< p > the market value of Zalando is US $5 billion, which is derived from Investment Kinnevik, the largest shareholder, claiming that its 35% Zalando shares are worth 12 billion 140 million kronor.

Analysts say that if Zalando chooses to go public, JPMorgan Morgan chase, Goldman Sachs Goldman Sachs and Morgan Stanley Morgan Stanley three investment banks will most likely become underwriters, because these three banks have always been the preferred investment banks for technology companies to list.

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