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

Sales soar at Zalando

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.

Zalando

Zalando

Zalando

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%.

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.