World Footwear

Companies

Zalando announces best ever first quarter result

Apr 20, 2015 Germany
 Zalando announces best ever first quarter result
The European platform's revenue grew in the first quarter of 2015 to 635-648 million euros (compares to 501 million euros in quarter one in 2014), an increase of 27-29%, according to preliminary figures
Zalando expects to achieve an adjusted EBIT of 25-39 million euros, corresponding to an adjusted EBIT margin of 4-6% in the first quarter of 2015 (EBIT of 23 million euros and EBIT margin of 4.5% in quarter one in 2014).

The company has performed above expectations, mainly due to a very strong start into the spring/summer season. With this growth rate Zalando is significantly exceeding its target corridor of 20-25% growth.

Rubin Ritter, Member of the Management Board, stated: "We achieved our best ever first quarter performance, a testimony to the great team effort resulting in a strong growth momentum for the company. Especially the performance in March was very encouraging."

All figures reported are preliminary and unaudited. Zalando will publish full financial figures for the first quarter of 2015 on the 12th of May 2015.

Zalando is a leading online fashion platform for women, men and children, dealing with an assortment of 1 500 international brands from popular global brands, fast fashion and local brands to private label products. They serve 15 European markets: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. The company generated 2.2 billion euros in net sales in 2014, and claims to receive over 100 million visits per month, having 15 million active customers.

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