Zalando: normalisation of adjusted EBIT margin

(CercleFinance.com) - Zalando has announced that it achieved adjusted EBIT of 9.
8 million euros in Q3 2021, representing a margin of 0.4%, which it said therefore represents a more normalised level of profitability compared to the exceptional result recorded in Q3 2020.

The German online clothing retailer's sales rose by 23.4% to 2.3 billion euros, with GMV (gross merchandise volume) growing by 25.3% to 3.1 billion euros, slightly above its MT corridor of 20%-25%.

Zalando confirms its 2021 forecast of 31%-36% GMV growth, 26%-31% revenue growth and an adjusted EBIT in the upper half of its guidance range of 400-475 million euros.



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