Zalando delivers strong third quarter growth after About You acquisition
Zalando has announced that it posted strong growth in its third quarter.
Gross merchandise volume increased by 21.6% to €4.2 billion while revenue climbed by 26.5% to €3 billion, driven predominantly by the inclusion of the About You business it acquired earlier this year,
Meanwhile, adjusted EBIT rose to €96 million from €93 million a year earlier.
Zalando has also announced a strategic partnership with the German Football Federation (DFB) that will see it become a main partner for the men’s, women’s, and youth national teams. It has also expanded its collaboration with Marks and Spencer.
Subscribe to TRBDavid Schröder, Zalando co-chief executive, said: “The third quarter demonstrates how we are relentlessly executing our strategy to embrace the immense opportunities in front of us and to capture profitable growth across both B2C and B2B.
“The exciting new partnership with the German Football Federation DFB will allow us to boost our sports business further and to build an unparalleled sports experience for our customers, while our high calibre B2B partnerships showcase the superior value that we are able to deliver for brands and retailers with our unique e-commerce operating system.”
