Online fashion giant Zalando has maintained its full year guidance despite ongoing turbulence within the “geopolitical and macroeconomic environment” as first quarter profits and sales surged.
Zalando reported a 7.9% rise in revenue from €2.2bn to €2.4bn during the first quarter, with business-to-business revenue up 11.6%.
Adjusted EBITDA during the period also rose to €46.7m which was “in line with market expectations”.
Zalando hailed its business-to-consumer growth during the quarter to booming end-of-season sales and a “promising start” to the spring/summer seasons.
The fashion retailer also noted a new record high of 52.4 million active shoppers on the platform, up 2.9 million year on year.
Zalando’s loyalty programme, Zalando Plus, is now live in 13 markets and has more than 15% of its customer base enrolled in the programme.
In terms of categories, Zalando posted double-digit growth across its Lounge by Zalando outlet, designer sportswear and beauty ranges as it continues to bolster its product offering through “richer assortments, curated content and seamless customer experiences”.
Zalando has confirmed its guidance for the full year regardless of the “fast-changing geopolitical and macroeconomic environment”.
Revenue at Zalando for the full year is anticipated to grow between 4% and 9% compared with 2024, while EBIT is expected to reach between €530m (£449.9m) and €590m (£500.8m).
The group added that its current guidance excludes the effects from its pending acquisition of online fashion rival About You.
Zalando co-chief executive David Schroeder said: “Our ecosystem strategy is progressing well, and customers and partners are embracing our expanding offerings.
“Growth in B2C accelerated due to a successful end-of-season sale, a promising start to the spring/summer season supported by the continued roll-out of our updated loyalty program Zalando Plus and a new high of active customers.
“In B2B, we are delighted to see a continuation of our double-digit growth trajectory as we are working to advance our ZEOS offering with a particular focus on logistics and software solutions this year.”
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