Zalando Q2 revenues up but EBIT declines 6.4 percent

Zalando said that its group revenues grew in the second quarter of 2015 to 727-738 million euros (789-800 million dollars) or by 33-35 percent, according to preliminary figures. Zalando expects to achieve an adjusted EBIT of 22-37 million euros (23.8-40.1 million dollars), corresponding to an adjusted EBIT margin of 3-5 percent compared to 35 million euros (37.9 million dollars) or 6.4 percent.

In the first half of 2015, Zalando achieved revenues of 1,370-1,381 million euros (1,486-1,498 million dollars), growing by 31-32 percent. Adjusted EBIT is expected to come in at 51-66 million euros (55.3-71.6 million dollars), a margin of around 4 percent at the mid-point of the range.

Commenting on the performance, Rubin Ritter, Member of the Management Board, said, “With these figures, Zalando continues to deliver a unique combination of growth at scale and profitability. Re-accelerating our growth close to 35 percent is an extraordinary achievement of our team.”

All figures reported herein are preliminary and un-reviewed. Full financial disclosure for the second quarter as well as any potential adjustment to the guidance for the full year 2015 will be published on August 13, 2015.