- Prachi Singh |
Zalando said that the company grew group revenues in the fourth quarter of 2015 to 865-872 million euros (940-948 million dollars) or by 30-31 percent against 666 million euros reported in the fourth quarter, last year, according to preliminary figures. Zalando expects to achieve an adjusted EBIT of 61-78 million euros (66.3 – 84.7 million dollars), corresponding to an adjusted EBIT margin of 7-9 percent.
“We have finished the year on a high note. Our strong growth and EBIT margin performance in the fourth quarter, which was in line with our prior guidance, demonstrates the strength of our business even in challenging market conditions,” said Rubin Ritter, member of the Management Board.
Annual revenues jump 33.5-33.8 percent
In the financial year 2015 Zalando achieved overall group revenues of 2,955-2,962 million euros (3,210-3,218 million dollars) and a growth rate of 33.5-33.8 percent. The company said that an adjusted EBIT stood at 96-114 million euros (104-123.8 million dollars), or an adjusted margin of around 3.3-3.9 percent. Zalando thereby has confirmed full year results within its guided target corridor of 33-35 percent revenue growth and an adjusted EBIT margin of 3-4 percent.
“2015 has been a fantastic year for us. In our first year as a public company, we have significantly accelerated growth, made important long-term investments and remained clearly profitable. We will continue on this path,” added Ritter.
Full financial disclosure for the fourth quarter and financial year 2015, together with the management guidance for the financial year 2016, will be published on March 1, 2016.