Zalando's growth picks up speed

Zalando's growth picks up speed

German online retailer Zalando's growth has exceeded the 30 % mark in the second quarter of its fiscal year. That is even better than anticipated, the company says.

Lower EBIT margins

Preliminary numbers show that second quarter turnover grew 33 to 35 % to 727 - 738 million euro, where it only reached 546 million euro a year ago. Zalando's adjusted EBIT is now somewhere between 22 and 37 million euro, with EBIT margins between 3 to 5 %. Last year's EBIT margins were higher, at 6.4 %, which meant that its adjusted EBIT was also slightly higher, at 35 million euro.

 

Zalando's turnover in the first half of 2015 reached 1.37 to 1.38 billion euro, a 31 to 32 % increase compared to last year, when it managed a 1.05 billion euro turnover. According to the company, it is now reaping the benefits of its investments to consolidate long-term customer purchases. "Temporary higher costs" were the cause of its lower EBIT margins, it said.

 

"With these figures, Zalando continues to deliver a unique combination of growth at scale and profitability. 
Re-accelerating our growth close to 35 per cent is an extraordinary achievement of our team", Rubin Ritter, member of Zalando's board, stated.

 

The final numbers for the second quarter will be released on 13 August 2015.

Questions or comments? Please feel free to contact the editors


Alibaba exceeds expectations

17/08/2017

Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.

Aldi will home deliver in the United States

16/08/2017

German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.

Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Amazon's profit takes enormous hit

28/07/2017

American Amazon’s profit plummeted in the second quarter and is also lower than what analysts had predicted, despite a 25 % turnover increase.

Back to top