AI drives Zalando’s profit growth

Zalando posted strong revenue and profit growth in the second quarter. The strong results are attributable to the acquisition of About You, the accelerated development of its business-to-business operations, and the use of artificial intelligence.

Strong B2B growth

The German fashion platform saw its gross merchandise volume (GMV) increase by 20.7% to 4.9 billion euros. Group revenue totaled 3.4 billion euros. Adjusted EBIT rose by 10% to 205 million euros. Synergies from the acquisition of About You contributed more than 10 million euros to this figure.