German etailer Zalando grew sales in its second quarter by a range of 24% to 26% year on year to between €909m and €924m (£761m and £774m), it reported in its preliminary results today.
The firm expects to achieve an EBIT of between €68m (£57m) and €88m (£74m) and a corresponding EBIT margin of between 7.5% and 9.5%, up from 4.1% in the second quarter of 2015.
Rubin Ritter, director at Zalando, said the second quarter, ending June 30, was “strong”: “We delivered on our ambitious growth target and saw our profitability increase substantially. The operating leverage of our business has developed strongly while we continue to push forward with growth investments into our customer proposition and platform initiatives.”
Zalando reiterated its full-year guidance of sales growth at the upper end of the 20%-to-25% range and increased full-year adjusted EBIT margin guidance to between 4% and 5.5%.