Etail giant Zalando has reported a sales growth of 24-26 per cent year-on-year in its second quarter, raking in between £760-£775 million.
According to its preliminary results relased today, the Berlin-based etailer's adjusted EBIT for the quarter ending June 30 stood at £57-£73 million, corresponding to an adjusted EBIT margin of 7.5-9.5 per cent – an increase from the 2-15 second quarter EBIT of £25 million, or a 4.1 per cent margin.
The stellar preliminary results has prompted Zalando to increase its full-year adjusted EBIT margin guidance to between four and 5.5 per cent.
“We delivered on our ambitious growth target and saw our profitability increase substantially," Zalando director Rubin Ritter said in a statement.
"The operating leverage of our business has developed strongly while we continue to push forward with growth investments into our customer proposition and platform initiatives.”
The etailer currently operates in 15 European markets, including the UK, and has over 1500 brands.