Etail giant Zalando grew its revenues by between 25-26% in the final quarter of 2016 taking its sales to between €1,086m–€1,094m, according to new preliminary figures released today.
The German-based business said it expected to achieve an adjusted EBIT of €81m–€104m, which corresponds to an adjusted EBIT margin of 7.5%–9.5% for the same period.
For the full financial year 2016, it achieved group revenues of €3,633m–€3,642m (FY 2015: €2,958m) growing between 22.9%-23.1%, which was in line with its full-year guidance. Profitability improved substantially, with adjusted EBIT approximately doubling to €202m-225m and corresponding to a margin of 5.6%–6.2% (FY 2015: €107.5m, 3.6%).
CEO Rubin Ritter said breaking the €1bn barrier in the final quarter was down to Zalando’s focus on its customer. “We will continue to emphasize growth and further invest behind an ever-improving customer experience across all our markets,” Ritter added.
Zalando stocks over 1,500 international brands for men, women and children and has dedicated sites in 15 markets Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom.
Its stores attract 160m visits per month with around 65% of its traffic coming from mobile devices. By the end of the last quarter it had 19.2m active customers.