Zalando posts 30-31 per cent revenue growth in the fourth quarter of 2015

  • Strong continued growth with Q4 revenues at EUR 865-872 million (30-31 per cent growth)
  • Adjusted EBIT of EUR 61-78 million (7-9 per cent margin), in line with prior management guidance
  • Full year revenues at EUR 2,955-2,962 million, clearly profitable with 3.3-3.9 per cent adjusted EBIT margin

BERLIN, 2016-Jan-21 — /EPR Retail News/ — Zalando SE, Europe’s leading online platform for fashion, grew group revenues in the fourth quarter of 2015 to EUR 865-872 million or by 30-31 per cent (Q4 2014: 666 million), according to preliminary figures. Zalando expects to achieve an adjusted EBIT of EUR 61-78 million, corresponding to an adjusted EBIT margin of 7-9 per cent (Q4 2014: EUR 66 million or 9.9 per cent). All cost lines developed according to internal plan.

Rubin Ritter, member of the Management Board, said: “We have finished the year on a high note. Our strong growth and EBIT margin performance in the fourth quarter, which was in line with our prior guidance, demonstrates the strength of our business even in challenging market conditions.”

In the financial year 2015 Zalando achieved overall group revenues of EUR 2,955-2,962 million and a growth rate of 33.5-33.8 per cent (FY 2014: 2,214 million). The company remains clearly profitable with an adjusted EBIT of EUR 96-114 million, or an adjusted margin of around 3.3-3.9 per cent (FY 2014: 81.9 million, 3.7 per cent). Zalando thereby confirms full year results within its guided target corridor of 33-35 per cent revenue growth and an adjusted EBIT margin of 3-4 per cent.

“2015 has been a fantastic year for us. In our first year as a public company, we have significantly accelerated growth, made important long-term investments and remained clearly profitable. We will continue on this path,” Rubin Ritter said.

All figures reported herein are preliminary and unaudited. Full financial disclosure for the fourth quarter and financial year 2015, together with the management guidance for the financial year 2016, will be published on March 1, 2016.

ABOUT ZALANDO
Zalando (https://corporate.zalando.com) is Europe’s leading online fashion platform for women, men and children. We offer our customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Our assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by our private label products. Our localized offering addresses the distinct preferences of our customers in each of the 15 European markets we serve: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Our logistics network with three centrally located fulfillment centers in Germany allows us to efficiently serve our customers throughout Europe. We believe that our integration of fashion, operations and online technology give us the capability to deliver a compelling value proposition to both our customers and fashion brand partners. Zalando’s shops attract over 131 million visits per month. In the third quarter of 2015, around 59 per cent of traffic came from mobile devices, resulting in close to 17.2 million active customers by the end of the quarter.

CONTACT ZALANDO
René Gribnitz
Vice President Communications
rene.gribnitz@zalando.de
+49 30 20968 2022

 

SOURCE: ZALANDO