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Zalando ‘optimistic’ following sales boost

German etailer Zalando has said it is feeling “optimistic” for 2015 after it reported a 28.5% increase in sales to €664m (£478m).

The business said it was increasing its sales growth to the upper end of its full year target of 20% to 25%. It is also aiming for adjusted EBIT margin of around 4.5% for 2015.

Rubin Ritter, chairman, president and chief executive said: “We have started full speed into the financial year 2015 and the results in the first quarter mark a new record. We are optimistic about the remainder of the year. In the coming months, we will continue to invest into optimising our customer experience and into strengthening our international growth. The opening of our tech hub in Dublin in April was only a first step.”

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