The e-commerce platform Zalando increased its gross merchandise volume (GMV) by 7.8% to 3.5 billion euros in the third quarter. Sales increased by 5% to 2.4 billion euros. According to Zalando, the growth drivers were increasing consumer demand and the industry-wide start to the autumn/winter season. Adjusted earnings before interest and taxes rose from EUR 23 million to EUR 93 million in the third quarter of 2024, and the EBIT margin rose accordingly by 2.9 percentage points to 3.9%. The number of customers grew by half a million from quarter to quarter to 50.3 million.
Dr. Sandra Dembeck, Chief Financial Officer, announced further investments after the successful quarter: “So that we can continue to take advantage of the many growth opportunities in the fashion and lifestyle sector in the future, we are investing in several key areas: We are further developing our loyalty program Plus, integrating inspiring Content even more deeply into the shopping experience, building our new technology location in China and improving our customer experience through even greater localization in our European logistics network.”
After the third quarter, Zalando confirms the forecast for the 2024 financial year that was raised on October 10, 2024. The company expects GMV growth of between 3% and 5%, an increase in sales of between 2% and 5% and an adjusted EBIT of between 440 million euros and 480 million euros.
