Zalando expects turnover increase of nearly 30 % | RetailDetail

Zalando expects turnover increase of nearly 30 %

Zalando expects turnover increase of nearly 30 %

German fashion e-tailer Zalando can look back on a wonderful first quarter: thanks to a brimming start of its spring collections, turnover will get a sizable boost and the company will have a profitable first quarter.

Turnover will reach 635 to 648 million euro

Europe's largest online fashion retailer expects its first quarter turnover to reach 635 to 648 million euro, according to a trading update from the company itself. In last year's first quarter, Zalando managed to break the half a billion euro milestone at 501 million, which means it would add another 27 to 29 % this year. That means the company is right on track: in March, it divulged that it had forecast a turnover growth of at least 20 % in 2015.

 

The best news however comes from its profits: based on preliminary numbers, EBIT (Earnings Before Interests and Taxes) will probably be between 25 and 39 million euro thanks to "higher margins". That is a huge improvement on the 23 million euro loss it incurred in last year's first quarter.

 

Full numbers will only be published on 12 May, so it remains to be seen what the final numbers will be. Zalando is currently active in 15 countries and has been on the Frankfurt stock exchange since October 2014.

Questions or comments? Please feel free to contact the editors


European purchase alliance Agecore puts pressure on Nestlé

16/02/2018

European purchase alliance, Agecore, has threatened to cut 160 Nestlé products from its list unless the Swiss agree to better conditions. Colruyt, Coop and Edeka are members of Agecore.

Kraft Heinz does not meet expectations

16/02/2018

American Kraft Heinz failed to live up to analysts’ fourth quarter expectations, both when it comes to turnover and profit. It did manage a 900 % increase of its profit, but that did not convince any analyst.

Strong second half of 2017 thrusts Danone forward

16/02/2018

Danone published a 2.5 % like-for-like growth for its fiscal year 2017, mainly thanks to a strong second half of the year with a 4.2 % like-for-like turnover increase.

Aldi Nord and Süd will not merge, but collaborate

16/02/2018

Aldi Nord and Aldi Süd confirm they will look into the possibilities of working together closely in regards to its German purchase and marketing division. Both companies however deny a future merger.

Aldi turns gaze towards Italy

16/02/2018

Aldi is ready to conquer the Italian market next month: it will instantly open ten new stores in the Southern European country, alongside its first distribution center near Verona.

Coca-Cola Europe's turnover grows 25 % instantly

16/02/2018

Turnover for Coca-Cola European Partners, the soda manufacturer’s European division, soared above 11 billion euro in 2017. Its profit also spiked compared to the year before.

Back to top