• Zalando expects to report surge in Q1 sales

    22 days ago - By Fashion United

    Zalando newsroom
    Zalando SE forecast first quarter results above market expectations as a result of a stronger-than-expected start to the spring-summer season as well as a lower-than-expected return rate.
    According to preliminary figures for the first quarter of 2021, Zalando increased gross merchandise volume by 54.5-56.5 percent to 3.13-3.17 billion euros and revenues by 46-48 percent to 2.22-2.26 billion euros.
    Zalando expects an adjusted EBIT in the same period between 80-100 million euros compared to negative 98.6 million euros in the first quarter of 2020.
    “The successful execution...
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