Zalando reports rise in Q2 revenues

REPORT_ Zalando group revenues reached 1,020-1,060 million euros (1,379-1,433 million dollars) in the first half-year 2014 compared

to 809 million euros (1,093 million dollars) in the first half-year in 2013, according to the preliminary figures. The favorable trend towards break-even observed in Q1 2014 accelerated, leading to a profitable Q2 at group level.

In the second quarter of 2014, group revenues amounted to 520-560 million euros (703-757 million dollars) compared to 437 million euros (590 million dollars) in the second quarter, last year. Operational highlights include the ongoing and on-track ramp-up of operations at the fulfilment center in Mönchengladbach and the successful roll-out of the mobile app across all international markets, resulting in a mobile traffic share of 41 percent during Q2 and over 3.8 million app downloads by the end of Q2.

“The development in Q2 is very positive, as it combines continued strong growth with a very significant improvement in margin. Based on this development we reiterate our plan to take a significant step towards, but not quite reaching, EBIT break-even at group level for the full year 2014,” said Rubin Ritter, Member of the Management Board.

Zalando will report in more detail on Q2 and first half-year figures at the end of August 2014.