German e-commerce firm Zalando`s GMV up 25% in third quarter

Fashion

10 Nov `21

2 min read

Zalando, Europe’s leading online platform for fashion and lifestyle, has reported a 25.3 per cent growth in gross merchandise value (GMV) during the third quarter (Q3) of FY21 to €3.0 billion, compared to the GMV of €2.4 billion in the same period of last fiscal. The group's revenue for the quarter improved 23.4 per cent to €2.3 billion (Q3 FY20: €1.8 billion).

Zalando, Europe`s leading online platform for fashion and lifestyle, has reported 25.3 per cent growth in gross merchandise value (GMV) during the third quarter (Q3) of FY21 to €3.0 billion, compared to the GMV of €2.4 billion in the same period of last fiscal. The group`s revenue for the quarter rose 23.4 per cent to €2.3 billion (Q3 FY20: €1.8 billion).#

“Throughout the year we progressed strongly across all areas of our strategy, always keeping our focus on our long-term vision to be the Starting Point for Fashion and build a truly sustainable platform business with more than €30 billion in GMV by 2025. We are looking confidently ahead into 2022, with several strategic initiatives in the pipeline that will excite customers and partners alike and push our sustainability agenda further forward,” Robert Gentz, Zalando co-CEO at Zalando, said in a press release.

Zalando, Europe`s leading online platform for fashion and lifestyle, has reported 25.3 per cent growth in gross merchandise value (GMV) during the third quarter (Q3) of FY21 to €3.0 billion, compared to the GMV of €2.4 billion in the same period of last fiscal. The group`s revenue for the quarter rose 23.4 per cent to €2.3 billion (Q3 FY20: €1.8 billion).#

Zalando adjusted EBIT (earnings before interest and taxes) for the quarter totalled to €9.8 million (€118.2 million). Also during the Q3, Zalando introduced new business practices for circularity along the full product lifecycle, from developing design standards to investing in new recycling technologies.

Zalando, Europe`s leading online platform for fashion and lifestyle, has reported 25.3 per cent growth in gross merchandise value (GMV) during the third quarter (Q3) of FY21 to €3.0 billion, compared to the GMV of €2.4 billion in the same period of last fiscal. The group`s revenue for the quarter rose 23.4 per cent to €2.3 billion (Q3 FY20: €1.8 billion).#

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