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2016 revenue at online fashion retailer Zalando climbs 23%
04 Mar '17
1 min read
Revenue at German online fashion retailer Zalando climbed 23 per cent to €3,639 million in 2016 as against €2,958 million in the previous year. The retailer was able to double its adjusted EBIT at €216.3 million in 2016 compared to €107.5 million in 2015. For the reporting period, EBIT margin also increased to 5.9 per cent vis-à-vis 3.6 per cent in 2015.
According to Zalando, these results were driven by a systematic focus on consumers and suppliers, as well as further investments into the company’s infrastructure and also due to strong cost management and general efficiency improvements.
The online fashion retailer expects to continue outperforming the fashion retail market again in 2017 and grow revenues in a range of 20-25 per cent and report an adjusted EBIT margin in the range of 5.0-6.0 per cent. (AR)
According to Zalando, these results were driven by a systematic focus on consumers and suppliers, as well as further investments into the company’s infrastructure and also due to strong cost management and general efficiency improvements.
The online fashion retailer expects to continue outperforming the fashion retail market again in 2017 and grow revenues in a range of 20-25 per cent and report an adjusted EBIT margin in the range of 5.0-6.0 per cent. (AR)
Fibre2Fashion News Desk – India
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