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Record site visits drive sales uplift at Zalando

Berlin-based etailer Zalando’s revenue grew 26% to €1.5bn (£1.3bn) in the third quarter of 2019, after its site visits hit a record 1 billion.

The number of active customers grew 17.5% to 29.5 million year-on-year, and its gross merchandise volume (GMV) increased by 24.6% to €1.9bn (£1.6bn) on a like-for-like basis. 

The company achieved a positive EBIT of €6.3m (£5.4m).

There was strong growth across all regionsl. Revenues were up 22.9% in the DACH region of Germany, Austria and Switzerland, while business in the “Rest of Europe” region grew by 30.8%. 

In the first nine months of 2019, Zalando grew its GMV by 23.5% to €5.7bn (£4.9bn) and its revenues by 20.7% to €4.5bn (£3.9bn).  

Zalando said it remains confident about its full-year guidance for 2019 and expects GMV growth of 20%-25%. It expects adjusted EBIT to be in the upper half of the range of €175m (£151m) to €225m (£194m).

The business yesterday launched its new sustainability strategy, promising to become carbon neutral in its own operations, deliveries and returns with immediate effect. 

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