Zalando says revenues rose around 26 percent in Q2

Zalando has said that its group revenues in the second quarter of 2016 increased to 909-924 million euros (1,006-1,023 million dollars) or by 24-26 percent compared to the 733 million euros (811.5 million dollars) reported same quarter last year, according to preliminary figures. Zalando expects to achieve an adjusted EBIT of 68-88 million euros (75-97 million dollars), corresponding to an adjusted EBIT margin of 7.5-9.5 percent.

Commenting on the update, Rubin Ritter, member of the Management Board, said, “Zalando had a very strong Q2. We delivered on our ambitious growth target and saw our profitability increase substantially. The operating leverage of our business has developed strongly while we continue to push forward with growth investments into our customer proposition and platform initiatives.”

In the first half of 2016 Zalando achieved revenues of 1,705-1,720 million euros (1,887-1,904 million dollars), growing by 24-25 percent. Adjusted EBIT is expected to come in at 88-108 million euros (97-119 million dollars), a margin of around 5.7 percent at the mid-point of the range.

As a result, Zalando reiterates its full year guidance of strong revenue growth at the upper end of the 20-25 percent growth corridor and increases full-year adjusted EBIT margin guidance to 4.0-5.5 percent.