Zalando raises profit outlook after ‘strongest ever’ second quarter
Zalando has raised its profit outlook to the upper half, after hailing its “strongest-ever second-quarter active customer growth” and fastest site growth since 2013.
The German-based fashion retailer said its adjusted group profits for the second quarter grew 6.4% to €101.7m, while total sales swelled by 20.1% to more than €1.5bn for the period.
The etailer also said it added more than 3.7 million new customers to its ecommerce platform, a 15.2% increase year-on-year, which bought the total number of users to 28.3 million across Zalando’s 17 European markets.
Visits to the etailer’s site grew 34.3% with over 986 million, 84% of which through mobile devices.
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