Europe’s largest fashion platform wants to offer even more logistics services in the future.
(Photo: Zalando)
Berlin, Dusseldorf The company announced on Thursday morning that sales at Zalando grew by almost three percent to EUR 2.35 billion in the third quarter. This is the first time this year that Berliners have recorded growth.
In the first and second quarters, the company had posted a drop in sales. Zalando also broke the number of 50 million customers for the first time. Company co-boss Robert Gentz spoke of a milestone for the company, which was founded in 2008. This means that Zalando remains by far the largest online fashion portal in Europe.
“In this challenging market environment, we will continue to act prudently and drive forward measures to improve profitability,” said Gentz. To save costs, Zalando has reduced its marketing spend and introduced a minimum order value in all 25 markets.
The company still does not want to charge fees for returns. The adjusted operating result (EBIT) rose by almost 38 percent to 13.5 million euros from July to September. The bottom line, however, is that Zalando increased its loss from 8.4 to 35.4 million euros.
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Zalando sticks to the outlook
After the third quarter, Zalando sees itself as confirmed on its course and is sticking to its outlook for the year as a whole. Accordingly, the company expects growth of between zero and three percent and adjusted operating profit at the lower end of the range of between 180 and 260 million euros.
CFO Sandra Dembeck said: “The consumer climate has reached a new low and inflation is still high.” The day before the figures were announced, the share had lost more than five percent and closed at EUR 22.90. At the end of September, the share had even fallen below the EUR 20 mark, but has since recovered slightly.
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