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Sales to rise at Zalando

Group sales at Zalando for the first quarter are expected to increase by between 22.5% and 24.5% to between €788m (£623m) and €801m (£633m).

Zalando

Zalando

Zalando

The German etailer expects to achieve an adjusted EBIT of between €12m (£9.4m) and €28m (£22.1m) for the period, along with an adjusted EBIT margin of between 1.5% and 3.5%. This is down on the first quarter of 2015 when EBIT was €29m (£22.9m) on a margin of 4.5%.

Zalando reiterated its full year guidance of revenue growth at the upper end of the 20% to 25% growth corridor and an adjusted EBIT margin of 3% to 4.5%.

Rubin Ritter, Zalando director said: “We have been off to a really good start in 2016. We have picked up speed again since the typically slower Easter Holidays at the end of the first quarter of 2016. We are well on track to deliver on our promise of strong growth and solid profitability for the full year.”

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