BERLIN – Zalando broke the 4 billion euro sales barrier in 2017. According to preliminary figures released today, the Berlin-based online giant expects to report annual sales of 4.48 billion to 4.5 billion euros for growth of 23.1 to 23.7 percent.
Adjusted EBIT is expected to reach 209 million to 222 million euros, compared to 216.13 million euros in 2016. This corresponds to a margin of 4.7 to 4.9 percent, while 2016’s margin was 5.9 percent. Both sales and EBIT performance are in line with Zalando’s full-year guidance.
In the fourth quarter, Zalando grew sales 21.2 to 23.2 percent to 1.32 billion to 1.35 billion euros, with adjusted EBIT expected to hit 107 million to 120 million euros, up from 95.6 million euros for the period a year previously. This corresponds to a 4.7 to 4.9 percent margin, compared to a margin of 5.9 percent for the period in 2016.
“We pulled off a strong finish to the year, despite a challenging October,” co-chief executive officer Rubin Ritter said. “In 2017 we delivered on our promise of profitable growth … and will continue on this path in 2018 and beyond.”
He added Zalando’s focus would remain on “strong market share gains, facilitated through continued investments.”
Final figures and full financial results for Q4 and 2017, as well as guidance for 2018, will be released on March 1.