Zalando reports strong sales and profit growth
Online fashion retailer Zalando has reported that its revenue grew by 21% to 666 million in its fourth quarter.
Adjusted EBIT rose to €66 million in the period from €13 million a year earlier.
The company said the increase was driven by improvements along several cost lines, particularly in sales and marketing.
Rubin Ritter, member of the Zalando management board, said: ”Our 2014 performance proves that Zalando's business model is sustainable and can achieve significant margins.
”It's a great accomplishment by the team and a tremendous success for the company. Our focus in the coming years will be to make the right investments for continued long-term growth and value creation, and not to maximize our short-term margin."
Zalando is aiming for sales growth of 20-25% in 2015.
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