Zalando grows
E-commerceschedule 10 May 2017
EUROPE In the first quarter of 2017 Zalando continued to outperform the European fashion e-commerce market with revenues growing strongly by 23.1 pct to EUR 980.2 mln (Q1 2016: EUR 796.1 mln).
The adjusted EBIT of EUR 20.3 mln remained at a similar level to previous years (Q1 2016: EUR 20.2 mln) with a margin of 2.1 pct (Q1 2016: 2.5 pct).
Zalando recorded 617.6 mln hits on its site in Q1 2017 compared to 479.5 mln a year before. Around 68.8 pct were from mobile devices (Q1 2017).
“Our key priority is profitable growth, and that is what we delivered on in the first quarter,” said co-CEO Rubin Ritter. “We are determined to win further market share and reach more cu
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