Zalando Q2 revenues up 24-26%
Etailer Zalando has posted strong revenue growth in Q2 of 2016 with sales hitting €909-924m according to preliminary figures, which would be a growth of between 24-26% year on year.
The German-based multi-brand site expects to achieve an adjusted EBIT of €68-88m, representing a margin of 7.5-9.5% (compared to 4.1% in the same period in 2015)
Member of the Zalando management board Rubin Ritter said the business had "delivered on our ambitious growth target and saw our profitability increase substantially. The operating leverage of our business has developed strongly while we continue to push forward with growth investments into our customer proposition and platform initiatives.”
As a result of the strong Q2 performance Zalando is sticking to its full-year revenenue growth guidance of 20-25% and has increased its full-year adjusted EBIT margin guidance to 4- 5.5%.
Zalando says its sites, which cover 15 different markets including France, Germany, Italy, the Netherlands and the UK, now attract around 160m visits a month with around 62% of its traffic coming from mobile devices.
Founded in 2008, Zalanso offers a range of brands for men, women and children from high street brands, global brands and premium brands such as Adidas, By Malene Birger, Desigual, Escada, Gap and Calvin Klein.
Image: Claudius Pflug for Zalando
