European online retailer, Zalando, has reported an adjusted third-quarter earnings before interest and taxes (EBIT) of € 23.2 million, an increase of 72 per cent compared with last year.
Because of decreased fulfilling costs, adjusted EBIT rose to € 23.2 million from € 13.5 million in the previous year.
Gross merchandise volume (GMV) for the business, however, decreased 2.4 per cent to € 3.2 billion. Because of this, revenues dropped by 3.2 per cent to € 2.3 billion in the third quarter due to a difficult macroeconomic climate marked by a decline in online sales and low consumer mood.
The company has developed strategic goals, like adding a premium boutique-style space in the Fashion Store, strengthening the company’s logistical offering, and developing new storytelling forms, to secure future growth.
Fashion companies and retailers can now manage their multi-channel business on a single platform with the company’s B2B brand, ZEOS, which stands for Zalando E-commerce Operating System. The brand was introduced last month.
Sandra Dembeck, CFO at Zalando, commented, “Storytelling, logistics and technology are key to boosting our future growth. Our healthy balance sheet gives us the financial flexibility to make these strategic investments.”
Future expectations were reaffirmed by Zalando, who stated that Adjusted EBIT will remain between € 300 million and € 350 million for the entire year. It is now anticipated that sales will range from -3 per cent to -0.5 per cent and GMV will be between -2 per cent and 1 per cent.
Bharat Tex Special Report 2026 
