Berlin-based fashion e-tailer Zalando has achieved full-year sales in line with management guidance, despite what it says was a challenging October.
In a trading update today (17 January), the company revealed sales grew between 23.1% and 23.7% to EUR4.48bn (US$5.47bn) to EUR4.50bn in the 12 month period. Adjusted EBIT is expected to come in at a margin of 4.7% to 4.9% or EUR209m to EUR222m.
For the fourth quarter, Zalando reported revenue growth of 21.2% to 23.2%, to EUR1.32bn to EUR1.34bn. The company expects to achieve an adjusted EBIT of EUR107m to EUR120m, corresponding to an adjusted EBIT margin of 8.1% to 8.9%.
“We pulled off a strong finish to the year, despite a challenging October,” said co-CEO Rubin Ritter. “In 2017 we delivered on our promise of profitable growth. We are excited to continue on this path also in 2018 and beyond. Our focus will remain on strong market share gains, facilitated through continued investments.”
