Not only the order volume but also the number of clients – online giant Zalando can look forward to a significant increase in turnover in the first quarter of the year. A first chance to stop the constant decline in average order sizes.

Zalando in numbers

In terms of figures, revenues amounted to just under € 1.4 billion – a whopping 15.2 percent increase in total sales. Once again, gross goods volume rose by just under a quarter to 1.8 billion euros. This was explained last Thursday by Zalando himself with the positive growth of the affiliate programs. Likewise, adjusted operating profit (EBIT) rose from € 0.4 million to € 6.4 million. However, as in the previous year, the net loss remained (slight increase due to higher investments from 15.1 million euros to 17.6 million euros).

The Zalando share

Already in the previous month, Zalando presented first forecasts for the quarter, which have now been confirmed positively. However, the stock lost about 2 percent as investors claimed profits. The stock had risen almost 90 percent in the first quarter following the price slump from last quarter in 2018.
The annual forecast

Zalando expects a sales increase of 20 to 25 percent, the company said Thursday. The Ebit is aimed at at 175 to 225 million euros. The investments are, according to Zalando at 300 million euros. The money will mainly be invested in logistics, automation and technology. The affiliate programs Zalando wants to expand forthin.

 

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Link: Zalando registers an increase in turnover.

Image: Zalando

// SB