Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Profits jump at Zalando as mobile use soars

Revenues at Zalando jumped 17.1% to €835m (£735m) during the third quarter of 2016, with revenues for the first 9 months of the year up 21.9% to €2.5bn (£2.2bn).

Zalando

Zalando

Zalando

The online retailer also announced an adjusted group EBIT of €19.5m (£17.2m) for the third quarter. 

However, growth has slowed slightly at the retailer. Last year Zalando reported 42.2% revenue growth during Q3 and 34.9% revenue growth in the first 9 months of 2015.

The retailer saw strong increases in traffic to its mobile platforms, up to 67% of all visits during Q3 and 65% for the first 9 months of the year. Mobile orders passed 50% for the first time.

Zalando also announced plans for a new warehouse near Paris as its operations continue to increase, which is set to open in the first quarter of 2017. A new 1.4m sq ft fulfilment centre is also set to be constructed near to Szczecin in Poland. 

“It’s amazing to see that two years after our IPO, Zalando continues to go from strength to strength,” said joint chief executive Rubin Ritter. “We have built a strong platform for ongoing progress and an exciting 2017.”

Tags

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.