Europe’s leading online fashion platform for women, men and children Zalando hopes to continue outperforming the fashion retail market again in 2017 and grow in terms of revenues by about 20-25 per cent, following a strong 2016 performance.
Driven by a systematic focus on consumers and suppliers, as well as further investments into the company’s infrastructure, Zalando’s 2016 revenues grew by 23 per cent to Euros 3,639 million (2015: Euros 2,958 million).
The adjusted EBIT margin increased 5.9 per cent, which corresponds to an adjusted EBIT of Euros 216.3 million (2015: Euros 107.5 million, 3.6 per cent). For 2017, Zalando expects an adjusted EBIT margin in the range of 5-6 per cent.
The retailer is considering to acquire multi-channel basketball retailer KICKZ and planning to to create more than 2,000 jobs in 2017.
Also Read – Zalando breaks € 1billion barrier in Q4
“Strong growth requires nonstop investment. We are proud to have significantly progressed in expanding our business profitably,” said co-CEO Rubin Ritter, adding, “As we build the technology and operating system to transform the European fashion industry, we will further invest into a unique and flawless consumer experience and a stronger supplier proposition to continue to drive growth ahead of the market. At the same time, we plan to expand our team by creating more than 2,000 new jobs this year.”
Additionally, with an increase of 11 per cent, Zalando witnessed about 20 million customers in 2016.
