Online fashion retail powerhouse Zalando this morning announced that its group revenues have increased by almost 30 percent in the first half of this year (H1 2014), hitting 1,047 million euros for the six-month period.
Zalando thus confirms its preliminary figures released mid-July in the lead-up to becoming a publicly listed company.
According to Reuters sources, the online fashion retailer will file for an IPO in the first half of September.
Zalando performed particularly well in the German-speaking parts of Europe, known as the DACH region, with revenues growing by more than 21 percent to 594 million euros (roughly 57 percent of total sales).
The company may not yet be consistently profitable as a whole, but profitability in the DACH region has ballooned to 4.6 percent in H1 2014.
These are definitely the kinds of numbers you can take to investors when you plan to take your shares public, although Zalando will have to provide a convincing case for its ability to grow its net income in the future. Also read: How big is Zalando?
Zalando did report a positive group EBIT margin for the first half of the year, which it notes tends to be the 'weaker one', so its performance in the two last quarters of 2014 might just tip it over the edge.
Mobile commerce is clearly where it's at for the company: its mobile traffic share increased to 41 percent during Q2, Zalando says, serving over 3.8 million app downloads by the end of the quarter.
Would you like to write the first comment?
Login to post comments