Full-year revenue at Zalando expected to hit circa €4.5bn
Full-year revenue at German-based global fashion etailer Zalando is expected to hit between €4.48bn and €4.5bn, preliminary figures released today reveal.
The business reports that it is on course for a 23.1%-23.7% revenue growth year-on-year with EBIT expected to come in a between €209m-€222m (4.7%-4.9% margin).
In the fourth quarter of 2017 it grew group revenues to €1,32bn-€1,35bn or by 21.2%-23.2%. For the same period, Zalando expects to achieve an adjusted EBIT of €107m-€120m, corresponding to an adjusted EBIT margin of 8.1%-8.9%.
CEO Rubin Ritter said the business achieved a strong finish to the year despite a challenging October, which had affected a number of fashion retailers. "In 2017 we delivered on our promise of profitable growth. We are excited to continue on this path also in 2018 and beyond. Our focus will remain on strong market share gains, facilitated through continued investments," Ritter said.
The business will publish full financial disclosure for the fourth quarter and financial year 2017, together with the guidance for the financial year 2018, on 1 March.
Last week Zalando revealed that it would open two more physical outlet stores in its home market of Germany (in Leipzig and Hamburg) this year adding to its existing three stores.
