- Prachi Singh |
Zalando SE reported group revenues growth of 21.2 to 23.2 percent to 1,323-1,345 million euros (1,616.8 to 1,643.7 million dollars), in the fourth quarter of 2017, according to preliminary figures. For the same period, Zalando said that the company expects to achieve an adjusted EBIT of 107-120 million euros (130.7 to 146.6 million dollars), corresponding to an adjusted EBIT margin of 8.1-8.9 percent.
Commenting on the preliminary result update, the company’s Co-CEO Rubin Ritter said in a media statement: “We pulled off a strong finish to the year, despite a challenging October. In 2017 we delivered on our promise of profitable growth. We are excited to continue on this path also in 2018 and beyond. Our focus will remain on strong market share gains, facilitated through continued investments.”
In the fiscal year 2017, Zalando added, the company achieved preliminary results in line with its guidance. The company recorded revenues of 4,478-4,500 million euros (5,473 to 5,499 million dollars), growing by 23.1-23.7 percent. Adjusted EBIT for the same period is expected to come in at a margin of 4.7-4.9 percent or 209-222 million euros (255 to 271 million dollars) compared to 216.3 million euros (264 million dollars) or 5.9 percent in 2016.
Picture:Zalando UK website