Zalando: suffers net loss in Q1
(CercleFinance.com) - For the first three months of 2018, Zalando posts a net loss of 15 million euros, compared to a 5.
1-million profit last year, and adjusted EBIT to 0.4 million euros, against a 20.3-million profit in the first quarter of 2017.
The German online fashion distributor has grown its revenues by 22% to 1,196 million euros, in particular following a successful launch in the Beauty category. Its active customer base grew by 16.7% to 23.9 million.
Despite a late start to the Spring-Summer season, which has put pressure on the industry, Zalando confirms its objectives for the whole year of a 20-25% revenue growth and adjusted EBIT of between 220 and 270 million euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1-million profit last year, and adjusted EBIT to 0.4 million euros, against a 20.3-million profit in the first quarter of 2017.
The German online fashion distributor has grown its revenues by 22% to 1,196 million euros, in particular following a successful launch in the Beauty category. Its active customer base grew by 16.7% to 23.9 million.
Despite a late start to the Spring-Summer season, which has put pressure on the industry, Zalando confirms its objectives for the whole year of a 20-25% revenue growth and adjusted EBIT of between 220 and 270 million euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.