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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