Zalando site visits exceed 1 billion in Q3

Zalando, the e-commerce giant, said site visits exceeded 1 billion in Q3 as revenue grew during the period by 26.7% to €1.5 billion.

The landmark site visits represent a 37.3% uplift on the same period last year while its active customer base grew 17.5% to 29.5 million.

Order numbers during the quarter were up 25.4% year-on-year to 34.7 million while Gross Merchandise Volume (GMV) was by 24.6% to €1.9 billion. The company achieved a positive adjusted EBIT of €6.3 million or a margin of 0.4%.

Zalando CFO David Schröder said: “2019 has been a very successful year for us so far. We had a strong third quarter with more active customers who more and more frequently look for inspiration on Zalando. We are growing at a high pace across all regions. We want to maintain the momentum for a strong finish to the year and look forward to celebrating together with our customers the upcoming Cyber Week and the festive season.”

In the first nine months of 2019, Zalando grew its GMV by 23.5% to €5.7 billion (first nine months of 2018: €4.6 billion) and its revenues by 20.7% to €4.5 billion (first nine months of 2018 €3.7 billion) and achieved an adjusted EBIT of €114.5 million, which corresponds to a margin of 2.5% (first nine months of 2018: €55.5 million or 1.5%).

Given the results the company said it was confident about its full-year guidance for 2019 and expects a GMV growth of 20% to 25% and a revenue growth around the low end of this range. It expects the adjusted EBIT to be in the upper half of the range of €175 million to €225 million and capital expenditure of around €300 million.

Yesterday the German-based global e-commerce giant committed to being carbon neutral across all of its operations immediately and said its private label ZIGN has fully committed to sustainability by SS20.