Thursday, August 18, 2022

Zalando’s sales skyrocket in second quarter

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.

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“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.

RELATED: 5 Minutes with Jérôme Cochet, SVP Advertising & Sales, Zalando

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