German e-commerce firm Zalando`s sales spike despite lockdown in Q2

Fashion

07 Aug `21

2 min read

Despite extended lockdowns remained in place in some markets during the beginning of second quarter (Q2), Europe’s leading online platform for fashion and lifestyle Zalando SE reported 40.0 per cent growth in gross merchandise value (GMV) to €3.8 billion (Q2 FY20: €2.7 billion). Group revenue increased 34.3 per cent to €2.7 billion (€2.0 billion).

Despite extended lockdowns remained in place in some markets during the beginning of second quarter (Q2), Europe`s leading online platform for fashion and lifestyle Zalando SE reported 40.0 per cent growth in gross merchandise value (GMV) to €3.8 billion (Q2 FY20: €2.7 billion). Group revenue increased 34.3 per cent to €2.7 billion (€2.0 billion).#

“Even more than our outstanding financial performance in the second quarter, the increasing engagement by customers and brands underlines the long-term relevance of the Zalando platform and is a strong proof point of our successful strategy,” David Schröder, chief financial officer at Zalando, said in a press release.

Despite extended lockdowns remained in place in some markets during the beginning of second quarter (Q2), Europe`s leading online platform for fashion and lifestyle Zalando SE reported 40.0 per cent growth in gross merchandise value (GMV) to €3.8 billion (Q2 FY20: €2.7 billion). Group revenue increased 34.3 per cent to €2.7 billion (€2.0 billion).#

Zalando achieved solid profitability in Q2 FY21 with an adjusted EBIT of €184.1 million and a margin of 6.7 per cent. Sales from fashion stores rose to €2.5 billion (€1.9 billion), with DACH region contributing €1.2 billion (€863.4 million), while Rest of Europe sales grew to €1.3 billion (€1.0 billion).

Despite extended lockdowns remained in place in some markets during the beginning of second quarter (Q2), Europe`s leading online platform for fashion and lifestyle Zalando SE reported 40.0 per cent growth in gross merchandise value (GMV) to €3.8 billion (Q2 FY20: €2.7 billion). Group revenue increased 34.3 per cent to €2.7 billion (€2.0 billion).#

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