Zalando expects to report positive Q1 despite slow sales

Zalando group revenues in the first quarter of 2016 increased 788-801 million euros (893-908 million dollars) or by 22.5-24.5 percent, according to preliminary figures. Zalando expects to achieve an adjusted EBIT of 12-28 million euros (13.6-31.7 million dollars), corresponding to an adjusted EBIT margin of 1.5-3.5 percent.

“Zalando has been off to a really good start in 2016. We have picked up speed again since the typically slower Easter Holidays at the end of the first quarter of 2016. We are well on track to deliver on our promise of strong growth and solid profitability for the full year,” said Rubin Ritter, member of the Management Board of Zalando.

Zalando has also reiterated its full year guidance of revenue growth at the upper end of the 20-25 percent growth corridor and an adjusted EBIT margin of 3.0-4.5 percent.