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Fashion Giant Zalando Now at 3 Billion Euros Rubin Ritter

Fashion Giant Zalando Now at 3 Billion Euros

2016-03-01 09:12

Zalando's core markets sees good profitability and the rest of Europe is almost at break-even according to the company.

The German online fashion store Zalando that operates in many European countries today reported their final numbers for 2015.

With a revenue for the full year of 2,958 million euro the company saw a growth of 33.6 percent compared to 2014.

- Our market position has never been stronger, and we have never faced so many great opportunities. We want to excite even more customers and gain further market share. We deliberately pursue growth while maintaining solid profitability - we think this is the best way to create long-term value, said Rubin Ritter, Member of the Management Board.

Zalando expects continued revenue growth for 2016 and the company is looking at an increase of 20-25 percent for this year.

The adjusted EBIT (earnings) for 2015 was 107.5 million euro, a margin of 3.6 percent. Zalando is expecting a similar EBIT-margin for 2016.

"Planning for a Further Large Hub"

During 2015 Zalando opened tech hubs in Dublin and Helsinki, and increased headcount to approximately 1,000 tech employees by year-end 2015. The company now has approximately 10,000 employees.

Zalando also started work on a third large fulfillment center in Lahr, Germany, and a first satellite warehouse opened in Stradella, Italy.

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- Due to Zalando’s strong growth momentum, planning for a further large hub has been accelerated, the company said in its year end report.

Mobile visits now at 60 percent

The margin in the region of Deutschland, Austria and Switzerland was 6.4 percent, Zalando's home markets. The revenue growth in the home markets was however only 28 percent while the rest of Europe saw a 40 percent increase. Europe, excluding the core markets, also came close to break-even according to the company, with an adjusted EBIT-margin of -0.3 percent.

Site visits were over 1.6 billion for 2015 and mobile now stands for almost 60 percent of the traffic to Zalando.

 

Correction: The article previously said 3 million euros. The correct revenue is of course 3 billion.

Julius Gunnilstam

Editor-in-chief

Born computer engineer - today e-commerce expert and the leader of the editorial team at Ecomony. Been writing about e-commerce for six years.

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