Zalando begins year with promising first quarter results

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Zalando’s growth has continued unabated in 2017’s first quarter, with preliminary figures showing it is on track to publish turnover growth of more than 20 per cent.

The Berlin-based online fashion retailer’s first quarter is somewhere between €971 million and €987 million (£811 million-£825 million), an increase of 22-24 per cent.

Its adjusted EBIT will be in between €10 million and €30 million (£8.3 million and £25 million), in the vicinity of last year’s first quarter, which stood at €20.2 million (£16.8 million).


READ MORE: Zalando pushes ahead with major investment despite dip in profits


Zalando also said it expected its full-year revenue growth to hit 20-25 per cent.

“We continue to successfully execute towards our goals and started 2017 with strong growth momentum,” Zalando co-chief executive Rubin Ritter said.

“We are fully on track with our long-term aspirations and keep expanding our business at high speed, while investing into our consumer experience and brand partner proposition.

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