Etailer “on track” with targeted revenue as it outperforms the wider fashion market.
Zalando raised its full-year adjusted EBIT margin guidance from 4%-5.5% to 5%-6% as it “outperformed a sluggish fashion market”.
“In the third quarter we outperformed a sluggish fashion market and improved our profitability significantly, allowing us to increase our guidance for the full-year EBIT margin,” said Rubin Ritter, co-chief executive of the Berlin-based etailer, which is currently ramping up its presence in the UK through increased marketing activity.
“We remain on track to reach our targeted revenue growth for the full year. This proves again our ability to find the adequate tradeoff between growth and margin, depending on market conditions.”