German online fashion store Zalando continues to grow vigorously in 2017’s first quarter. The preliminary results show that it will once again publish turnover growth surpassing 20 %, a target the company has set for its full fiscal year as well.
20 to 25 % growth
According to the preliminary results, Zalando’s first quarter turnover is somewhere between 971 and 987 million euro, up 22 to 24 %. The adjusted EBIT will be in between 10 and 30 million euro, in the vicinity of last year’s first quarter, which stood at 20.2 million euro.
Zalando also confirmed its full-year forecast, with a 20 to 25 % turnover growth. “We continue to successfully execute towards our goals and started 2017 with strong growth momentum. We are fully on track with our long-term aspirations and keep expanding our business at high speed, while investing into our consumer experience and brand partner proposition”, co-CEO Rubin Ritter said.