Zalando targets further growth
E-commerceschedule 01 March 2018
EUROPE Zalando has reported 23.4 pct increased revenues totalling EUR 4.489 bln for 2017. Revenue growth was mainly driven by a larger customer base and increased order numbers.
The customer base grew strongly from 19.9 mln in 2016 to 23.1 mln active customers at the end of 2017, adding 3.2 mln active customers over the year. The larger customer base also ordered more frequently, with the average number of orders per active customer rising to an all-time high of 3.9, up from 3.5 in 2016. Zalando recorded an adjusted EBIT of EUR 215.1 million for 2017 with a margin of 4.8 pct and a net income of EUR 101.6 mln. Capital expenditure in 2017 came to EUR 243.9 mln (excluding
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