Zalando reports jump in quarterly sales and profits
Revenues in the quarter climbed by 25% to €916.4 million while adjusted EBIT rose to €80.9 million compared to €30.2 million a year earlier.
Based on the first half performance, Zalando has reiterated its full year guidance of revenue growth at the upper end of its 20-25% growth corridor and has increased its full-year adjusted EBIT margin guidance to 4.0-5.5%.
The company said the sales growth was fuelled by investment in its customer proposition and its multi-year platform strategy.
Speaking on behalf of Zalando’s management board, Rubin Ritter said: “We are very proud of our first half results. They reflect strong customer momentum with strong growth at scale. Despite ongoing investments into our long-term growth strategy, our business showed increased strength and profitability.”
Zalando’s ongoing push towards mobile has led to a doubling of app downloads in the past 12 months, supporting a 90% growth in app orders year-on-year.
The number of active customers grew to a record 18.8 million by the end of the second quarter, with average orders per active customer reaching an all-time high of 3.3 orders per annum.
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