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Zalando posts strong third quarter sales

Online fashion retailer Zalando has grown its third quarter revenue by 26.7% to €1.5 billion after its website received more than one billion visits in a… View Article

FASHION

Zalando posts strong third quarter sales

Online fashion retailer Zalando has grown its third quarter revenue by 26.7% to €1.5 billion after its website received more than one billion visits in a single quarter for the first time.

During the period, the company expanded its customer base by 17.5% year-on-year to 29.5 million and also achieved a positive adjusted EBIT of €6.3 million or a margin of 0.4%

Zalando said its sales growth was particularly strong in Spain, the Nordic region and the Czech Republic.

David Schröder, chief financial officer of Zalando, said: “We had a strong third quarter with more active customers who more and more frequently look for inspiration on Zalando. We are growing at a high pace across all regions. We want to maintain the momentum for a strong finish to the year and look forward to celebrating together with our customers the upcoming Cyber Week and the festive season.”

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