Published
Nov 26, 2014
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Zalando: sales growth of 27.7% over nine months

Published
Nov 26, 2014

The German footwear and clothing e-commerce site achieved a turnover of 1.54 billion euros over nine months (27.7%), with a third quarter closing at the end of September marked by 501 million euros in sales (+24%).
 


Q3 saw a particularly strong increase in the site’s international business, which generated sales of 198 million euros, up 39.9%. Despite slower growth, Zalando’s business in the DACH region (Germany, Austria and Switzerland) maintained the company’s in profitability, with 243 million euros (+ 3.9%). 

"Zalando's revenue growth continued to outpace the overall online fashion industry, which faced a difficult start to the fall/winter season due to unseasonably mild weather," said management board member Rubin Ritter. Because of this, it forecasts lukewarm profitability for the entire year.

In 2013, Zalando’s sales surpassed the symbolic one billion euro mark, with an 35% increase year on year. This success was enough to encourage the company to go public on October 1, with what has been deemed as a disappointing result. 

With 1,500 brands, the site receives 100 million monthly visits, 43% from mobile devices.

1 euro = 0.792026 GBP
1 euro = 1.24554 USD

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