German online retailer Zalando has had a strong first half of 2014, with a nearly 30 % turnover increase and a positive EBIT, which is considered a great success.
Zalando’s total turnover for the first six months is 1.047 billion euro, a 29.5 % increase compared to the 809 million euro in 2013. 546 million euro came from its second quarter, a lot more than in 2013, when it was 437 million euro.
Zalando managed a 12 million euro EBIT margin for those first six months, while it even reached 35 million euro margin in the second quarter. “Achieving a positive group EBIT margin in the first half-year is a major success for Zalando. Historically, our performance in the first half of any financial year tended to be weaker than in the second half”, Rubin Ritter (member of the management board) said.
In the first half-year, the mobile app was launched in every international market, which resulted in 41 % of all website visitors coming from mobile sources. Zalando’s website received 323 million visitors in the second quarter, with 13.7 million active users. The year before, it only welcomed 11.6 million visitors.