Zalando, one of Europe’s leading online retailers and marketplaces for fashion, boasted revenues of €1.713mn for the first half of 2016. The German based company’s press release reported ‘strong growth and profitability’ and a free cash flow of €50mn. In the DACH region, Zalando's net revenue grew by 15.7 %, in the rest of Europe growth amounted to 38.5%.
“We are very proud of our first half results: They reflect strong customer momentum with strong growth at scale. Despite ongoing investments into our long-term growth strategy, our business showed increased strength and profitability,” said Rubin Ritter, member of the Management Board.
Zalando continues to invest in its fulfillment capabilities. A logistics hub in Lahr is being constructed where test operations have already commenced. The company’s first international satellite warehouse in Stradella, Italy, which started operations in early 2016, already fulfills 60% of Italian orders.
The number of active customers grew to a record 18.8 million by the end of the second quarter, with average orders per active customer reaching an all-time high of 3.3 orders per annum.
Zalando’s assortment of over 1,500 international brands ranges from popular global brands, fast fashion and local brands, and is complemented by private label products. Zalando operates localized websites in 15 European markets: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom.
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