BERLIN: Zalando SE, Europe’s leading online platform for fashion, grew revenues in the fourth quarter of 2016 by 25-26% to EUR 1,086-1,094 million (Q4 2015: EUR 868.5 million), according to preliminary figures. Zalando expects to achieve an adjusted EBIT of EUR 81-104 million, corresponding to an adjusted EBIT margin of 7.5-9.5% (Q4 2015: EUR 71.8 million or 8.3%) for the same period.
In the financial year 2016, Zalando achieved group revenues of EUR 3,633-3,642 million (FY 2015: EUR 2,958 million) growing between 22.9-23.1%, in line with its full-year guidance. Profitability improved substantially, with adjusted EBIT approximately doubling to EUR 202-225 million and corresponding to a margin of 5.6-6.2% (FY 2015: EUR 107.5 million, 3.6%). “We have completed a successful 2016. For the first time we broke the billion-euro revenue barrier in a single quarter, a clear result of our customer focus,” said Rubin Ritter, co-CEO. “We will continue to emphasize growth and further invest behind an ever-improving customer experience across all our markets.”
Zalando intends to open a satellite warehouse in Sweden in the course of 2017, similar to its satellite warehouses in France and Italy. The facility will be run by a service provider and aims to further improve Zalando’s customer proposition in its important Nordic markets in Sweden, Norway, Finland and Denmark. All figures reported herein are preliminary and unaudited. Full financial disclosure for the fourth quarter and financial year 2016, together with the management guidance for the financial year 2017, will be published on March 1, 2017.
