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Zalando to hit €3bn sales mark in 2015

German etailer Zalando is on track to generate €3bn (£2.1bn) in sales for the first time in 2015.

Its revenue soared 42.2% to €713m (£504m) in the third quarter, compared to the same period last year.

As a result, its nine-month revenue of €2.1bn (£1.5bn) is already almost on a par with its full-year 2014.

Adjusted EBIT for the first nine months of 2015 increased by €19.5m (£13.8m) to €35.7m (£25.3m). In the third quarter, however, it decreased from €3.8m (£2.7m) to €23.5m (£16.6m).

Gross margin remained flat in the third quarter, compared to 2014, but fulfillment and marketing costs were higher.

The etailer will have around 10,000 employees by year-end.

Rubin Ritter, co-chief executive of Zalando, said: “Our accelerated growth is driven by very strong customer metrics, so we are clearly making the right investments. We are confident that we will deliver a unique combination of fast growth and clear profitability for the full year, which is also the right path for us going forward.”

 

 

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