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Zalando reports increased revenue

Online fashion retailer Zalando grew its first quarter revenues by 22-24% to €971-987 million, according to preliminary figures. Zalando expects to achieve an adjusted EBIT of… View Article

FASHION

Zalando reports increased revenue

Online fashion retailer Zalando grew its first quarter revenues by 22-24% to €971-987 million, according to preliminary figures.

Zalando expects to achieve an adjusted EBIT of €10-30 million, corresponding to an adjusted EBIT margin of 1-3% for the period. The company has given full-year guidance of revenue growth in a range of 20-25% and an adjusted EBIT margin in the range of 5-6%.

Zalando’s co-chief executive Rubin Ritter said: “We continue to successfully execute towards our goals and started 2017 with strong growth momentum. We are fully on track with our long-term aspirations and keep expanding our business at high speed, while investing into our consumer experience and brand partner proposition.”

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