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The global fashion business journal

20 Aug 201910:34

Zalando breaks the tendency: grows 20% in the first half

While other pure players like Asos have launched profit warning, the German ecommerce giant forecasts that its ebitda will arrive between 175 million euros (194.7 million dollars) and 225 million euros (250.4 million dollars) at the end of its fiscal year.

01 Aug 2019 — 16:00
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Zalando breaks the tendency: grows 20% in the first half

 

 

Zalando breaks the tendency. The German ecommerce giant has closed the fist half with a rise of 20% in its revenue, up to 1.6 billion euros (1.8 billion dollars).

 

The net benefit of the company, on the other hand, has closed Q2 on the low. The company registered a result of 45.5 million euros (50.6 million dollars), 12% less than in the same period last year. The ebitda of the group rised 34%, up to 143.3 million euros (159.4 million dollars).

 

With all, Zalando has improved its previsions for the closure of its fiscal year. While other pure players like Asos has called profit warning, the German giant plans to close its FY with an ebitda between 175 million euros (194.7 million dollars) and 225 million euros (250.4 million dollars), raising its projections.

 

The company also registered a rise in the number of orders. In H1, Zalando sent 31.6 million orders, 24.4% more than the same period last year. Online traffic also rised, a 34.4%, up to 986.4 million euros (1.09 billion dollars).

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