Zalando has strong financial start to the year | RetailDetail

Zalando has strong financial start to the year

Zalando has strong financial start to the year

Zalando has managed a 35 % turnover increase in the first quarter of 2014, compared to the same period last year.

Strong turnover growth

Turnover grew to 501 million euro, with 284 million coming from the German countries, which is 27 % more than in 2013 for the online retailer.

 

The number of visitors on Zalando's website grew 57 million to 332 million, with more than 38 % through mobile appliances. The number of active clients grew from 10.3 to 13.5 million in the beginning of this year.

 

Future plans

"The start to the year has been promising, with a significant improvement in Q1 margin year-on-year, so we are on track with our plans for 2014", Rubin Ritter, Zalando board member, said. The Erfurt logistics center expansion will be finalized this year, after it quickly proved too small, despite only being built in 2012. An IPO is still on the cards for 2014 according to plenty of specialists.

 

The company wants to improve its delivery process, like a new line of pick-up points in other countries and a new mobile app for the summer.

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