Zalando surpassed the €10B revenue mark

The fashion giant published its financial year results for 2021

Zalando

Zalando surpassed the €10B revenue mark. Source: depositphotos.com

According to Ecommerce News, e-commerce fashion giant Zalando has reported total revenue of €10.4 billion in 2021. This was a 29.7% growth when compared to the year before. The company wants to reach more than €30 billion in GMV by 2025.

The German fashion platform reports a GMV growth of 34.1% to €14.3 billion. It achieved an adjusted EBIT of €468.4 million, which corresponds to a margin of 4.5%.

Over the course of last year, the platform launched in 6 new markets: Croatia, Estonia, Latvia, Lithuania, Slovakia and Slovenia.

Nowadays, the platform is active in 23 markets. According to the year results, Zalando has more than 48 million active customers, of which 10 million were new customers gained in 2021. On average, the platform received 5.2 orders per active customer.

We are very pleased with our strong results, which demonstrate that we have the right strategy in place to succeed irrespective of the market environment. Our new customer growth and strategic progress in 2021 underline the immense opportunity ahead of us. Leveraging our platform business model, we are in a strong position to achieve our GMV goal of more than 30 billion euros by 2025
Robert Gentz, Co-CEO at Zalando

In the press release, the company mentions its financial ambitions for this year. It expects to grow its GMV with 16% to 23%, to €16.6 to €17.6 billion. It wants to grow its revenue with 12% to 19%, to €11.6 to €12.3 billion.

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