Zalando presents HY1 numbers and claims to be profitable

Felicitas Hackmann 2014-08-28 0

Online retailer Zalando announced its group revenues have increased by almost 30 percent in the first six months of 2014 to €1,047 million for the six-month period.

The DACH region (Germany, Austria, Switzerland) seems to perform extremely well: Zalando announced it to be profitable by growing 21.2 % to €594 Million. In comparison: in the first six months of 2013, Zalando made €490 Million in the DACH area. With an EBIT (Earnings before interest and taxes) of 4.6 percent in the German speaking countries, the DACH area is profitable.

The EBIT of the Zalando Group improved by 1.2 %.

“Achieving a positive group EBIT margin in the first half-year is a major success for Zalando. Historically, our performance in the first half of any financial year tended to be weaker than in the second half,” said Rubin Ritter, Member of the Management Board.

Reason for the margin improvement comes from cutting costs in sales, fulfillment and marketing.

Though Zalando does not comment on it, rumor has it that it is filing for an IPO.

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Image: Zalando

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