Zalando: net profit triples in 2024
(CercleFinance.com) - Zalando reports that its GMV sales volume (i.
e. all merchandise sales, other revenues and marketplace business volume) reached E15.29bn in FY 2024, up 4.5% from the previous year.
Sales rose 4.2% to E10.57bn, with adjusted EBIT of E511m (vs. E350m a year earlier).
Zalando finally recorded a net profit of E251m for the fiscal year, in line with consensus, and triple that of FY 2023 (E83m).
For 2025, the German online retailer is targeting a 4%-9% increase in gross merchandise volume (GMV) and sales. Zalando expects adjusted EBIT to reach between E530m and E590m.
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