Zalando has succesful first quarter

Berlin-based online retailer Zalando has posted some impressive preliminary figures for its first quarter, which ended on March 31. Net sales soared 27-29 percent to €635-648 million. Pre-tax profits (Ebit) are expected to grow to €25-39 million. In last year’s first three months, the retailer still had operating losses of €23 million.

The sales growth was higher than expected: Originally, the company estimated a sales growth of between 20 and 25 percent. The company’s management stated that March in particular was far better than expected and signaled a good start to the spring/summer season.

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