Europe Movers: Hugo Boss, Pandora, TeamViewer, Zalando

Inga Muller
07 May, 2025
Frankfurt

Zalando SE dropped 3.3% to €31.13 after the German fashion retailer reported first-quarter 2025 results.

Revenue increased to €2.42 billion from €2.24 billion, and net income was €9.9 million compared to a loss of €8.9 million a year ago.

The number of orders jumped to 58.5 million from 55.2 million, and the number of active customers edged up to 52.4 million from 49.5 million a year earlier.

Gross merchandise volume in the quarter increased to €3.49 billion from €3.28 billion in the prior year.

The company guided fiscal 2025 revenue and gross merchandise volume to grow between 4% and 9% compared to 2024, and the adjusted EBIT to reach a level between €530 million and €590 million.

The guidance does not account for effects from the planned acquisition of Hamburg-based About You.

In comparison, revenue in 2024 was €10.57 billion, gross merchandise volume was €15.30 billion, and adjusted EBIT was €511.1 million.

TeamViewer SE plunged 16.5% to €11.16 after the German digital workplace platform operator reported lower-than-expected first-quarter 2025 results.

Revenue jumped to €178.75 million from €161.65 million, net income climbed to €29.63 million from €22.34 million, and diluted earnings per share rose to 19 cents from 14 cents a year ago.

The company reiterated its full-year guidance, expecting annual recurring revenue to grow between 7.5% and 10.8% and pro forma revenue to grow between 5.1% and 7.7% from a year earlier.

In comparison, 2024 revenue was €671.4 million.

Hugo Boss Group advanced 5.8% to €38.55 after the German fashion and lifestyle company reported first-quarter 2025 results.

Sales declined to €999 million from €1.01 billion, net income edged down to €35 million from €38 million, and earnings per share fell to 51 cents from 55 cents a year ago.

Sales in the Asia Pacific region plunged 8% from the prior year, impacted by ongoing subdued consumer demand in China, the company said in a release to investors.

The company guided full-year sales to remain broadly stable, with the EBIT increasing 5% to 22% and the EBIT margin to be between 9% and 10%.

In comparison, sales in 2024 were €4.3 billion, EBIT was €361 million, and the EBIT margin amounted to 8.4%.

Pandora Group eased 2.2% to 982.00 krona after the Danish jewelry retailer reported first-quarter 2025 results.

Revenue jumped to DKK 7.35 billion from DKK 6.83 billion, net profit edged up to DKK 1.10 billion from DKK 965 million, and diluted earnings per share rose to DKK 14.0 from DKK 11.8 a year ago.

The company retained its full-year guidance for organic growth between 7% and 8%, with the EBIT margin expected to be around 24%, reflecting the recent adverse foreign exchange movements and a 30 basis points impact from current tariffs in place over a 90-day period.

Pandora estimated full-year revenue to be between DKK 33.2 billion and DKK 33.5 billion, compared to DKK 31.7 billion in 2024, expecting same-store sales to grow between 4% and 5%.