BERLIN — Confirming preliminary figures published earlier this year, German online retailer Zalando reported sales advanced by 23.7 percent to 796.1 million euros, or $878.3 million, despite slow Easter business.
Adjusted earnings before interest and taxes come to 20.2 million euros, or $22.3 million, compared to 29 million euros, or $32.3 million, in the prior-year period, corresponding to an adjusted EBIT margin of 2.5 or 4.5 percent.
Dollar figures are converted at average exchange rates for the period in question.
Rubin Ritter, a Zalando board member, said the company would invest 200 million euros, or 228.2 million at current exchange, in technology and logistics, excluding mergers and acquisitions.
Separately, the Berlin-based e-tailer announced the acquisition of Tradebyte Software GmbH, a provider of supply-side solutions for retailers and brands.