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 vows to outperform market in 2017 after sales surge

A confident Zalando said today that it expects to outperform the fashion retail market in the year ahead after revenues jumped 23% to €3.64bn (£3.1bn) in 2016.

The Berlin-based international etailer’s adjusted EBIT margin increased to 5.9% during the year, which corresponded to an adjusted EBIT of €216.3m (£184.3m), up from €107.5m (£91.6m) in 2015.

It attributed this to improved operating costs, strong cost management and better efficiency generally.

Zalando expects to grow revenues in the range of 20%-25% in 2017, and an adjusted EBIT margin in the range of 5%-6%. It will create more than 2,000 new jobs this year.

“Strong growth requires nonstop investment. We are proud to have significantly progressed in expanding our business profitably,” said co-chief executive Rubin Ritter.

“As we build the technology and operating system to transform the European fashion industry, we will further invest into a unique and flawless consumer experience and a stronger supplier proposition to continue to drive growth ahead of the market.”

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.