(News Bulletin 247) – Zalando is seeing growth and improved profitability thanks to more customers buying through Buying Club and growing partner market share.
Gross merchandise volume (GMV) increased 2.8% to €3.2 billion and revenue increased 2.3% to €2.3 billion in the first quarter compared to compared to the previous year.
The company broke even at the level of adjusted earnings before interest and taxes (adjusted EBIT), compared to -52 million euros in the first quarter of the previous year. The number of active customers increased by 4.8% compared to last year to reach 51.2 million.
‘The first quarter demonstrated the flexibility of our business model, which enabled us to perform well in a challenging environment, with strong customer demand in our Offprice segment and excellent performance from our partners’ , said Robert Gentz, co-director of Zalando.
“Our objective of profitable growth is working and producing results,” adds Sandra Dembec, general manager of Zalando, who confirms the forecasts made for the year 2023.
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