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Revenues rise at Zalando

Revenues at German etailer Zalando grew by 22-24% to €971m-€987m (£811m-£825m) in the first quarter of 2017.

Zalando said it expected its full-year revenue growth to hit 20-25% and revealed an adjusted EBIT margin of between 5-6%.

Co-CEO Rubin Ritter said: “We continue to successfully execute towards our goals and started 2017 with strong growth momentum. 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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