Zalando confirms that the German Federal Financial Supervisory Authority (BaFin) has initiated a review of the company's financial reporting for the full year 2025.
According to the company, the review is related to the notes to the annual report and concerns Zalando's acquisition of shares in industry peer About You. Zalando states that it believes the matter is formal in nature and that all necessary information was disclosed in connection with the transaction.
In a statement, the e-commerce company commented on the authority's actions:
We confirm that we have received information that the Federal Financial Supervisory Authority (BaFin) has initiated an ad-hoc review of our financial reporting. We are maintaining close and constructive dialogue with BaFin on this matter, says a Zalando spokesperson.
The company further adds regarding the scope of the matter:
According to Zalando SE's assessment, this concerns a purely formal and immaterial aspect of the notes to the annual report, as all relevant information regarding the acquisition of the shares in About You – including the companies involved, the transaction structure and the purchase price – was already fully publicly available within the framework of the public takeover bid.