Zalando’s sales rose by nearly a quarter in the first three months of 2016, although profits only increased by a couple of percentage points.
The fast-fashion etailer, based in Germany, said quarterly revenue rose between 22.5% and 24.5% to between €788m (£621.7m) to €801m (£632m).
Profits failed to keep pace, however, and EBIT grew by between 1.5% and 3.5% to between €12m (£9.5m) and €28m (£22.1m).
Despite Zalando’s impressive sales increase, it missed analyst forecasts, which predicted a rise of 28.5%. The company reiterated full-year guidance of revenue growth of 20% to 25% and EBIT growth of 3% to 4.5%.
Board member Rubin Ritter said: “Zalando has been off to a really good start in 2016. We have picked up speed again since the typically slower Easter holidays at the end of the first quarter of 2016. We are well on track to deliver on our promise of strong growth and solid profitability for the full year.”