Zalando powers ahead in first half
Online fashion retailer Zalando has raised its revenue guidance for the rest of the financial year after revenues were boosted by a continuing focus on the customer experience.
The company is now forecasting revenue growth of 28-31% for the full year which is significantly above the initial 20-25% guidance.
Zalando said group revenue climbed by 31.5% €1.38 billion in its first half as trade was driven by a considerably larger active customer base.
Adjusted EBIT was €59.2 million compared to €12.4 million in the same period in the previous year, although adjusted EBIT in the second quarter dropped to €30.2 million from €35.1 million following a temporary increase in payment costs.
Rubin Ritter, member of the management board, said: “Zalando is powering ahead to take full advantage of the great opportunities in European fashion e-commerce. Thanks to our clear focus on customer satisfaction, we have delivered exceptional revenue growth at scale and improving profitability in the first half of 2015.”
