Zalando revenue growth jumps 30%

German e-commerce company Zalando has announced a 29.7 per cent hike in revenue growth to €10.4 billion last year.

In 2020, the Berlin-based online shopping platform reported revenue growth of 23 per cent to €8 billion in 2020.

The multinational business announced pre-tax profits of €468 million in 2021, corresponding to a 4.5 per cent margin.

Gross Merchandise Value (GMV) growth was up 34 per cent to €14.3 billion, which the company said was driven by continued “strong consumer demand for online offerings and increasing partner adoption of platform services”.

“Zalando creates benefits for both our partners and customers,” said David Schröder, chief operating officer, Zalando. “Our partners gain access to over 48 million active customers and our customers can easily find their favourite local and international brands.

“To enable strong sustainable growth in the future we will continue to invest in scaling and innovating our unique capabilities and infrastructure.”

    Share Story:

Recent Stories

Find out how HULFT can help you manage data, integration, supply chain automation and digital transformation across your retail enterprise.
Talking shop: retail technology solutions from Brother
Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.