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Zalando surpasses one billion site visits in a single quarter, active customer base grows to 29.5 million (up 17.5%)
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Strong revenue growth of 26.7% to EUR 1.5 billion, and GMV up 24.6% to EUR 1.9 billion
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Offprice business to further internationalize with the start of Zalando Lounge in the Czech Republic
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New sustainability strategy: Zalando goes carbon neutral and adds more sustainable fashion
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Full-year guidance confirmed
BERLIN, OCTOBER 31, 2019 // Zalando, Europe’s leading online platform for fashion and lifestyle, has grown its customer base and deepened customer relationships in the third quarter of 2019. For the first time in its history, the company saw more than one billion site visits in a single quarter (up 37.3% year-over-year), showing that customers gravitate to the platform when they think about fashion. On the way to becoming the starting point for fashion in Europe, the company continued to expand its customer base to 29.5 million (up 17.5% year-over-year).
Driven by increasing numbers of orders (up 25.4% year-over-year to 34.7 million), Zalando strongly grew its revenues by 26.7% to EUR 1.5 billion and the Gross Merchandise Volume (GMV) by 24.6% to EUR 1.9 billion. The company achieved a positive adjusted EBIT of EUR 6.3 million or a margin of 0.4%.
David Schröder, CFO Zalando SE, said: “2019 has been a very successful year for us so far. We had a strong third quarter with more active customers who more and more frequently look for inspiration on Zalando. We are growing at a high pace across all regions. We want to maintain the momentum for a strong finish to the year and look forward to celebrating together with our customers the upcoming Cyber Week and the festive season.”