Etailer Zalando expects its full year to be “slightly profitable” for the first time after losses narrowed in the third quarter.
Full-year revenue is expected to increase by 25% as loss before interest and taxes narrowed to €2.56m (£2m) for the three months to September 30, from a loss of €50.9m (£40.4) the year before.
Sales rose 24% to €501.4m (£398.3m) during the quarter.
Rubin Ritter, a director and member of the etailer’s management board, said: “Zalando’s revenue growth continued to outpace the overall online fashion industry, which faced a difficult start to autumn due to unseasonably mild weather.”
Zalando said this week it will start selling Gap clothing in Europe from summer 2015.