Zalando's growth once again surpasses 20 %

Zalando's growth once again surpasses 20 %
Shutterstock

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Lower margins

Zalando’s second quarter turnover reached 1.1 billion euro, up 20.1 % compared to the year before. Its growth outside of the German-speaking market is still strong: the web shop grew 22.6 % in the rest of Europe, as opposed to a “mere” 15.2 % growth in the DACH region (Germany, Austria and Switzerland).

 

Its 10.4 % EBIT margin in the DACH region however is markedly higher than the 3.7 % in the rest of Europe. Nevertheless, its margins are lower in both regions as compared to the year before. The fashion web shop’s net profit also dropped from 50.9 to 47.4 million euro.

 

The surge in site visits was considerable, from 480 to 595 million, with almost 70 % through mobile devices (up from 65 % last year). The number of orders and its number of active customers also expanded to 22.2 and 21.2 million respectively. The average spend per order did drop from 66.2 euro in last year’s second quarter to 64.5 euro in this quarter.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Arket Brussels opens: discover H&M's latest concept

14/09/2017

On Friday 15 September, H&M Group’s new store formula opens its doors on the Guldenvlieslaan in Brussels. The press got a sneak preview and discovered a surprising mixture of fashion, interior design and food. 

"EU has to define eCommerce's boundaries better"

13/09/2017

Dutch European Parliament member Marietje Schaak feels the European Commission should create a better framework for digital trade in and with European member states. Otherwise, major internet companies will decide the standards themselves, she fears.

Nordstrom opens store without storage

13/09/2017

American fashion chain Nordstrom is to trial a new store formula in Los Angeles next month, in which customers will only be able to get advice and try out clothing. Purchases can be picked up at the store at a later date.

Primark benefits from weaker British economy

12/09/2017

Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.

EU wants to tax internet companies' turnover

11/09/2017

The European Union wants to change the taxation for internet companies like Google and Amazon. Instead of focusing on their profit, the EU wants to target their turnover.

Participatiemaatschappij Vlaanderen invests in FNG

11/09/2017

Government investment fund Participatiemaatschappij Vlaanderen (PMV) will invest 15 million euro in fashion group FNG in return for 5 % of its shares. The money will go towards international expansion.

Back to top