Home / Knowledge / News / Apparel/Garments / On back of better H1, Zalando tweaks full year results
On back of better H1, Zalando tweaks full year results
17
Aug '15
Given its first half-year performance, online fashion retailer Zalando is now expecting to exceed its annual revenue growth corridor of 20 to 25 per cent for 2015.

Zalando has now increased its guidance to 28-31 per cent although, guidance for 2015 adjusted EBIT margin remains unchanged at around 4.5 per cent.

“Following a strong spring/summer season during the second quarter of 2015, revenues have continued to develop above expectations,” it said in a press release.

Group revenues rose by 31.5 per cent to €1.38 billion in the first half of 2015 as against €1.05 billion in the first six months of 2014, mainly driven by a considerably larger active customer base.

In the DACH segment, revenue grew by 27.6 per cent to €758.1 million in the six months to June 30, 2015 compared to €594.2 million in the first half of the previous year.

In the rest of Europe segment, turnover grew by 37.8 per cent year over year to €550.3 million, while sales in the other segment rose 27.2 per cent from a year ago period to €68.1 million.

Zalando achieved clear profitability with an adjusted EBIT of €59.2 million in the period under review, corresponding to an adjusted EBIT margin of 4.3 per cent up from 1.2 per cent in the same period of last year.

In the second quarter of 2015, the fashion retailer reported revenues of €733.0 million, up 34.1 per cent year on year.

Adjusted EBIT stood at €30.2 million at the group level, corresponding to an EBIT margin of 4.1 per cent, but down from 6.4 per cent in the previous year due to temporary increase in payment costs.

Zalando informed that during the second quarter, active customers drove up to 16.4 million from 13.7 million in the corresponding quarter of earlier year.

To enable continued growth and customer satisfaction, Zalando has evolved its warehouse footprint, with the focus on three pillars.

They include; construction of a third self-designed logistics hub in Germany; expanding capacity at the existing warehouse in Monchengladbach to the maximum and piloting the first satellite warehouse in Italy.

Construction of the new hub in Germany, which will have similar capacity to Erfurt and Monchengladbach is set to start in fall 2015.

According to the German company, full capacity in Monchengladbach will be reached in the first half of 2017. Together with a service provider, Zalando's first satellite warehouse in Italy is set to start in early 2016.

Rubin Ritter from Zalando said, “Zalando is powering ahead to take full advantage of the great opportunities in European fashion e-commerce.”

“Thanks to our clear focus on customer satisfaction, we have delivered exceptional revenue growth at scale and improving profitability in the first half of 2015,” he too added. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search