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Zalando sales up despite 'challenging' October

Zalando expects to deliver a rise in sales of between 21% and 23% for its fourth quarter, despite a “challenging” October.

Revenue for the quarter – for which it did not provide a start or end date – will be between €1.32bn (£1.17bn) and €1.34bn (£1.18bn), according to preliminary figures.

The business expects to achieve an adjusted EBIT of between €107m (£95m) and €120m (£106m) for the same period, up from €95.6m (£85m) in 2016.

Sales for the full year are expected to be up by between 23.1% and 23.7%.

Co-CEO Rubin Ritter said: “We pulled off a strong finish to the year, despite a challenging October. In 2017 we delivered on our promise of profitable growth. We are excited to continue on this path also in 2018 and beyond. Our focus will remain on strong market share gains, facilitated through continued investments.”

 

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