Zalando sees strong revenue growth in Q2

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Zalando sees strong revenue growth in Q2

By Chris Lemmon

19/07/2016

Online fashion retailer Zalando has released a Q2 trading update, posting total group revenues of €909-924 million – a 24-26 per cent increase year-on-year.

Zalando operates in 15 European markets, with three centrally located fulfilment centres in Germany. The retailer’s websites attract more than 160 million visits per month, with 62 per cent of traffic coming from mobile devices in the first quarter of 2016. By the end of the first quarter in 2016, Zalando had 18.4 million active customers.

Rubin Ritter, member of the management board at Zalando, said: “Zalando had a very strong Q2. We delivered on our ambitious growth target and saw our profitability increase substantially. The operating leverage of our business has developed strongly while we continue to push forward with growth investments into our customer proposition and platform initiatives.”

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