Zalando: H1 EBIT edges up
(CercleFinance.com) - Zalando has announced H1 2020 adjusted EBIT of 113.
3 million euros, representing an EBIT margin of 3.2%, compared with 108.1 million and 3.6% respectively in H1 2019.
The German online clothing retailer's sales volume (GMV) increased by 25.1% to 4.72 billion euros, while its revenues increased by 19.6% to 3.56 billion euros.
Zalando boasts over 34 million active customers throughout Europe (up 20.4% on the previous year), and "Despite a challenging trading environment in March, the company grew strongly and profitably between January and June".
Copyright (c) 2020 CercleFinance.com. All rights reserved.
3 million euros, representing an EBIT margin of 3.2%, compared with 108.1 million and 3.6% respectively in H1 2019.
The German online clothing retailer's sales volume (GMV) increased by 25.1% to 4.72 billion euros, while its revenues increased by 19.6% to 3.56 billion euros.
Zalando boasts over 34 million active customers throughout Europe (up 20.4% on the previous year), and "Despite a challenging trading environment in March, the company grew strongly and profitably between January and June".
Copyright (c) 2020 CercleFinance.com. All rights reserved.