Berlin: The logo of the online retailer Zalando at the headquarters of the Zalando Campus on Mercedes-Platz.
(Photo: dpa)
Berlin The operating profit of Europe’s largest online fashion retailer Zalando has collapsed. In the third quarter, the adjusted EBIT fell to 9.8 million euros after 118.2 million euros in the same period of the previous year, as the Berlin company announced on Wednesday, which has only recently moved into the German leading index Dax.
Zalando spoke of normalization and compared the margin of 0.4 percent with results from 2019. In contrast, sales climbed by 23.4 percent to 2.3 billion euros. The number of active customers rose by around 30 percent to 46.3 million.
Zalando entered six new markets in the second and third quarters and is now active in 23 countries. The online fashion retailer confirmed the outlook for the full year.
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