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Strong sales for Zalando

10 August 2017

EUROPE Zalando had increased revenues in the first half of 2017 by 21.5 pct to EUR 2 bln.

The adjusted EBIT remained on prior year levels at EUR 102 mln with a margin of 4.9 pct. For the full year, Zalando expects revenue growth in the upper half of its guided range of 20-25 pct and an adjusted EBIT margin in the lower half of the 5-6 pct range. Zalando is planning to expand its European fulfillment network with two large fulfillment centres in Poland and Italy. Zalando is planning to launch operations in Gryfino near Szczecin (Poland) in the third quarter of 2017. Co-CEO Rubin Ritter said: “We firmly believe that growth is the right strategy to increase the value of our business. Our updated guidance reflects our focus on growth at solid profitability levels. It is in our DNA to continuously evaluate additional investment opportunities, test ideas, and then start scaling them. This can range from assortment additions to our recently launched customer loyalty programme Zalando Zet.”

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