- Sales up around 25%
- Margin increased to beween 7.5% and 9.5%
- Full-year margin guidance increased
Zalando has reported soaring sales and an increased margin in its second quarter, and has increased full-year margin guidance.
Sales rocketed by 24%-26% to €909m-€924m for the three months between April 1 to June 30. according to preliminary figures. Adjusted EBIT stood at €68m-€88m, giving a margin of between 7.5% and 9.5%. This contrasts with 2015’s second-quarter EBIT, which stood at €30m, a 4.1% margin.
The German etail giant increased its full-year adjusted EBIT margin guidance to between 4% and 5.5%.
Management board member Rubin Ritter said: “Zalando had a very strong second quarter. We delivered on our ambitious growth target and saw our profitability increase substantially.
“The operating leverage of our business has developed strongly while we continue to push forward with growth investments into our customer proposition and platform initiatives.”
Zalando operates in 15 European markets at present – including the UK – and carries more than 1,500 brands including own-label.