Zalando on its way to 3 billion euro yearly turnover | RetailDetail

Zalando on its way to 3 billion euro yearly turnover

Zalando on its way to 3 billion euro yearly turnover

In the first 9 months of this year, Zalando has almost reached the full turnover it reached over the entire course of 2014. If it continues like this, the German fashion web shop will reach 3 billion euro in yearly turnover.

2.1 billion euro in 9 months

The incredibly popular German fashion web shop Zalando's turnover grew 42.2 % in the July-September period, up to 713.1 million euro, which beat the average growth from the previous 2 quarters. Turnover grew 34.4 % in its home territory (Germany, Austria, Switzerland) and even 52.1 % outside of that region.

 

In the previous three quarters of 2015, Zalando managed nearly 2.1 billion euro in turnover, almost as much as it managed over the entire course of 2014, when it had a 2.2 billion euro turnover. Rubin Ritter, joint CEO at Zalando, believes the company could approach a 3 billion euro yearly turnover, especially as the fourth quarter is traditionally the strongest.

 

Zalando's EBIT reached 35.7 million euro after these three quarters, more than double what it achieved last year in those same 3 quarters. In the third quarter itself, Zalando did have to take a 23.5 million euro loss, partially because of increased marketing and distribution costs. It trialed same day delivery in its home market and even wants to try deliveries within half an hour in the near future. Alongside those tests, it launched a Whatsapp service and a return delivery pick-up service in London.

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