Zalando reports strong growth in 2018, strengthens management board

Zalando has announced that the company finished 2018 on a high note, growing revenues in the fourth quarter by 24.6 percent to 1.7 billion euros (1.9 million dollars) at an adjusted EBIT of 117.8 million euros (1,271.5 million dollars). For the full year, the company’s revenues grew by 20 percent to 5.4 billion euros and adjusted EBIT reached 173.4 million euros (197.2 million dollars). The company also announced the addition of David Schröder as CFO and Jim Freeman as CTO to its management board, which also comprises of three Co-CEOs David Schneider, Robert Gentz and Rubin Ritter.