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

Zalando eyes further expansion as sales increase 25%

Zalando is planning further expansion with a “large scale” recruitment drive, after the company increased sales by 25% last year.

The company recorded sales of €2.2bn (£1.5bn) for the full year to December 31 up from €1.7bn (£1.2bn) the previous year, with an adjusted EBIT of €81.9m (£59.3m), compared with a loss of €108.6m (£7 8.6m) in 2013.

The etailer made sales of €1.2bn (£869m) in Germany, Austria and Switzerland, and €863m (£625m) in the rest of Europe.

It expects to make revenues of 20-25% this year and EBIT margin will be around the same level of last year’s 3.7%, driven by investments in long-term growth.

Zalando recently launched an edited shopping services and deepened categories, for example in women’s sportswear.

Rubin Ritter, member of the management board, said: “Zalando is in the pole position to continue to outgrow and drive the European online market in fashion. We have unrivalled access to customers and brands and have the necessary infrastructure with capacity for future growth. We will certainly not take the foot off the gas, not even a bit.”

By the end of the year, the company had 14.7 million active customers, adding approximately 600,000 new active customers in the fourth quarter.

Mobile traffic hit record levels, with 48% of traffic coming from mobile devices in the fourth quarter and over 60% in some countries around Christmas.

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.