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Zalando sales and profits rise in 'strong' first quarter
Zalando has posted an increase in sales and profits and gained more customers during its first quarter.
The online fashion retailer posted €6.5m (£5.5m) in adjusted EBITDA during the first quarter of the year, up from €0.4m (£0.3m) in the same period the previous year.
The upmarket fashion platform recorded a 15.2% increase in sales growth to €1.4bn (£1.2bn), down slightly from 22% for the first quarter last year.
Zalando attributed its strong start to the year to “expanding its customer reach” as active customers increased 14.1% to 27.2 million.
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