German e-commerce agency Zalando posts Q1 FY21 revenues of €2.2 bn

Zalando SE, Europe’s main on-line platform for vogue and life-style, posted 46.8 per cent income progress to €2.2 billion in its first quarter (Q1) FY21 ended on March 31, 2021 in comparison with the income of €1.5 billion in the identical interval earlier fiscal. The corporate’s gross merchandise worth (GMV) jumped 55.6 per cent to €3.1 billion (Q1 FY20: €2.0 billion).

 

“Within the first quarter of 2021, Zalando delivered the strongest progress ever since going public in 2014. We see our platform enterprise unfolding at growing pace, creating advantages for purchasers and companions alike and permitting us to make quick strides on our journey in the direction of being the Beginning Level for Style,” David Schröder, chief monetary officer at Zalando, mentioned in a press launch.

 

The corporate’s gross revenue for Q1 FY21 elevated to €3.8 billion (€2.9 billion), whereas working outcome rose to €265.1 million (€107.9 million). The corporate’s web revenue grew to €170.0 million (€35.9 million).

 

Style Retailer income rose to €2.0 billion (€1.4 billion). Whereas, DACH areas gross sales have been up €921.0 million, whereas Remainder of the world gross sales have been €1.0 billion (€728.0 million) throughout the reported interval.

 

In line with the corporate, to allow its future progress ambitions and serve prospects with best-in-class comfort, Zalando will proceed to broaden its European logistics community of presently 10 fulfilment centres and add 5 fulfilment centres to the prevailing community by 2023. Two centres in Rotterdam and Madrid are near completion and can go stay in 2021. Building works on three new fulfilment centres in France, Germany, and Poland will kick off within the subsequent twelve months.

Fibre2Fashion Information Desk (JL)

Zalando SE, Europe’s main on-line platform for vogue and life-style, posted 46.8 per cent income progress to €2.2 billion in its first quarter (Q1) FY21 ended on March 31, 2021 in comparison with the income of €1.5 billion in the identical interval earlier fiscal. The corporate’s gross merchandise worth (GMV) jumped 55.6 per cent to €3.1 billion (Q1 FY20: €2.0 billion).

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