BERLIN — German e-tailer Zalando continued to grow profits in the fourth quarter, as reported in preliminary figures released on Tuesday.
The Berlin-based fashion and footwear e-commerce platform expects operating profits to reach 104 million euros, or $112.2 million, corresponding to an adjusted EBIT margin of 9.5 percent, compared to 71.8 million euros, or $78.6 million, and an EBIT margin of 8.3 percent the same period a year earlier.
Dollar figures are calculated at average exchange rates for the period concerned.
Group revenues gained 26 percent to 1.9 billion euros, or $2 billion, compared to 868.5 million euros, or $951.3 million, in the fourth quarter of 2015.
For the 2016 financial year, Zalando expects sales to hit 3.6 billion euros, up from 2.9 billion euros in 2015, with profits of 225 million euros, corresponding to an EBIT margin of 6.2 percent. profits totaled 107.5 million euros and EBIT margin came in at 3.6 percent in 2015.
The company further aims at expanding its customer proposition in the Scandinavian market with a warehouse in Sweden, slated to open in 2017. The final financial report and 2017 outlook will be released on March 1.