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Zalando revenues up 30%

Online fashion retailer Zalando has said it grew its group revenues by between 30% and 31% to €865 to €872 million in its fourth quarter, according to preliminary figures.

GENERAL MERCHANDISE

Zalando revenues up 30%

Online fashion retailer Zalando has said it grew its group revenues by between 30% and 31% to €865 to €872 million in its fourth quarter, according to preliminary figures.

Adjusted EBIT was in the range of €61 to €78 million for the period, corresponding to an adjusted EBIT margin of 7% to 9%.

Rubin Ritter, member of the Zalando management board, said: “We have finished the year on a high note. Our strong growth and EBIT margin performance in the fourth quarter, which was in line with our prior guidance, demonstrates the strength of our business even in challenging market conditions.”

In the 2015 financial year, the company achieved overall group revenues of €2,955 to €2,962 million and a growth rate of 33.5% to 33.8%.

Zalando said: “The company remains clearly profitable with an adjusted EBIT of €96-114 million, or an adjusted margin of around 3.3-3.9% (FY 2014: 81.9 million, 3.7%). Zalando thereby confirms full year results within its guided target corridor of 33-35% revenue growth and an adjusted EBIT margin of 3-4%.”

Ritter added: “2015 has been a fantastic year for us. In our first year as a public company, we have significantly accelerated growth, made important long-term investments and remained clearly profitable. We will continue on this path.”

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