German e-commerce firm Zalando posts Q1 FY21 revenues of €2.2 bn

Fashion

German e-commerce firm Zalando posts Q1 FY21 revenues of €2.2 bn

10 May `21

Zalando SE, Europe’s leading online platform for fashion and lifestyle, posted 46.8 per cent revenue growth to €2.2 billion in its first quarter (Q1) FY21 ended on March 31, 2021 compared to the revenue of €1.5 billion in the same period previous fiscal. The company’s gross merchandise value (GMV) jumped 55.6 per cent to €3.1 billion (Q1 FY20: €2.0 billion).

 

Zalando SE, Europe`s leading online platform for fashion and lifestyle, posted 46.8 per cent revenue growth to €2.2 billion in its first quarter (Q1) FY21 ended on March 31, 2021 compared to the revenue of €1.5 billion in the same period previous fiscal. The company`s gross merchandise value (GMV) jumped 55.6 per cent to €3.1 billion (Q1 FY20: €2.0 billion).#

“In the first quarter of 2021, Zalando delivered the strongest growth ever since going public in 2014. We see our platform business unfolding at increasing speed, creating benefits for customers and partners alike and allowing us to make fast strides on our journey towards being the Starting Point for Fashion,” David Schröder, chief financial officer at Zalando, said in a press release.

 

Zalando SE, Europe`s leading online platform for fashion and lifestyle, posted 46.8 per cent revenue growth to €2.2 billion in its first quarter (Q1) FY21 ended on March 31, 2021 compared to the revenue of €1.5 billion in the same period previous fiscal. The company`s gross merchandise value (GMV) jumped 55.6 per cent to €3.1 billion (Q1 FY20: €2.0 billion).#

The company’s gross profit for Q1 FY21 increased to €3.8 billion (€2.9 billion), while operating result rose to €265.1 million (€107.9 million). The company's net income grew to €170.0 million (€35.9 million).

 

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