Zalando: an “outstanding” first half of 2016 with revenue of €916 million
The sales of German fashion retailer Zalando during the second quarter increased by 25 percent compared to the same period last year. Sales were worth 916.4 million euros during these three months. Adjusted earnings before interest and taxes amounted to 80.9 million euros.
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Zalando said in a statement it had an “outstanding” first half of 2016 with strong growth and profitability. Due to investments in logistics and marketing, the online fashion giant saw its EBIT almost triple to 80.9 million euros, while revenue increased by 25 percent. The number of active customers grew to 18.8 million by the end of this quarter, with each customer making an average of 3.3 orders per year.
Zalando’s revenues keep on growing. During the second quarter of 2014 they were worth 546 million euros, in 2015 they were worth 727 million euros (an increase of 33 percent) and now the aforementioned 916 million euros. With a 25 percent increase this quarter, the revenue growth is now lower than it was one year ago.
New R&D center, logistics center and refugees as employees
Zalando opened a research and development center in Dublin last year and has now started a test run in its new logistics center in Lahr, Germany. Later this month, the retailer will welcome the first refugees in its logistics centers. In Brieseland five of them will work as pickers, earning 10.12 euros per hour plus shift premiums, Christmas bonuses and holiday pay.