Saturday, August 15, 2020

Zalando begins year with promising first quarter results

Zalando update

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.

Click here to sign up to Retail Gazette’s free daily email newsletter


Please enter your comment!
Please enter your name here