Is that still your target range?--------------------------------------------------------------------------------Rubin Ritter, Zalando SE - Co-CEO, GM & Member of the Management Board [3]--------------------------------------------------------------------------------Sure. Rubin Ritter, Co-CEO, and David Schröder, CFO, presented the quarterly results in a conference call, followed by a Q&A session for research analysts and investors. Berenberg, Gossler & Co. KG, Research Division - Analyst [43]--------------------------------------------------------------------------------Just a question on the marketing cost. PDF / 329.50kB And in terms of attracting brands to the Partner Program or to our platform overall, of course, we also are very focused on the premium and luxury segment, also because these areas have been impacted just as much as other areas. Overall, our free cash flow decreased by EUR 225 million year-over-year from minus EUR 78 million in the prior year period to minus EUR 303 million in Q1 this year. I think it's to be expected with so much stock sitting on the shelves in many off-line stores. And that will then obviously also help the baseline and the operating leverage for next year.----------------------------------------------------------------------------------------------------------------------------------------------------------------And the next question is from Anne Critchlow, Societe Generale.--------------------------------------------------------------------------------Anne Critchlow, Societe Generale Cross Asset Research - Equity Analyst [17]--------------------------------------------------------------------------------The first one is about Connected Retail. And that mainly happened until the beginning of March.From mid-March onwards, we certainly adjusted our marketing approach by shortening the investment horizon for ROI-based marketing to keep a tight control on our spending.In contrast, admin costs continued to show an improvement year-over-year as a result of ongoing cost efficiency measures, and we also recorded a positive one-off other operating income from the sale of land for the construction of an additional campus building here in Berlin.To provide you with an even more detailed transparency on our profit development, we have provided you with an EBIT bridge on Page 17, which tries to differentiate between the pre- and post-corona effects on our bottom line. See ZALANDO SE (ZAL.DE) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Consumers seem to have overcome the initial shock and are gradually returning to previous patterns of fashion spending. Or as time has gone on, you've managed to improve the methods of working so that they won't necessarily be a permanent change in terms of how efficient you are?And then secondly, on the 0 commission that you're currently charging for Connected Retail, how do you make sure that the retailers stay with you after that period is finished? Just 1 question from my side. Q2 2019 Q4 2019 We started to measure temperature at warehouse entrance. Berlin Jun 2, 2020 (Thomson StreetEvents) -- Edited Transcript of Zalando SE earnings conference call or presentation Thursday, … PDF / 5.01MB Actually, the good news is we've seen that our models adapted quite quickly and therefore, we've already started again to increase the time horizon, but we are not yet back at pre-corona levels. And we also have started to build the capability to test employees, which should allow us to test and isolate and react even better.Of course, business continuity was also a major focus.
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