Zalando closed the first quarter on a positive note, with a 19.6% increase in turnover, corresponding to 3.56 billion euros. Adjusted EBIT is 113.3 million euros (3.2% margin), compared to 108.1 million recorded in 2019.
Even in the second quarter of 2020, things seem to be going well. About 180 brands have joined the partner program, bringing the GMV (Gross Merchandise Value) to grow over 100% compared to the previous year.
The number of items shipped also increased by 180% thanks to the Zalando Fulfillment Solutions service, which managed to perform with optimal results despite the lockdown.
Based on these promising results, the group expects GMV growth of 20-25%, an increase in turnover of 15-20%, with a consequent increase in EBIT of 250-300 million euros and investments between 230-280 million euros.
Faced with this strong performance, David Schröder, CFO of the group, said: “We came out of the first wave of this pandemic stronger than before, thanks to our strategic clarity, our strong partnerships, and extraordinary teamwork. Many of our partners have stepped up their business on our platform over the past few months and we have been able to grow together successfully. “
Cover credits: Zalando free to be campaign