Zalando Increases Net Sales to 372 Million EUR in Q1/2013

BERLIN, JULY 19, 2013 // Zalando continues to experience rapid growth in both Germany and Europe. During the first quarter of 2013 (Q1/2013) Europe’s leading online shop for shoes and fashion increased its net sales to 372 million EUR, as the company’s preliminary figures show. In Q1/2012, net sales amounted to 214 million EUR. Thus, the online retailer is growing by 74 percent compared to the previous year, despite poor weather conditions that have affected the entire fashion industry.

"We are very pleased with these results - Zalando is a sustainable company and extremely well positioned internationally," said Rubin Ritter, Managing Director at Zalando. "The basis of our growth is the success in our established markets, whilst at the same time we are also seeing positive developments in the countries we have launched in recently."

In the first quarter of this year, Zalando grew strongly despite the long winter and late start of the spring season, which affected the entire fashion industry. 2012 saw Zalando launch in seven new countries, with the Berlin based e-commerce company now online and successful in 14 markets.

In the business year 2012, with net sales of 1.15 billion EUR, Zalando was able to more than double net sales compared to the previous year. At the same time, Zalando reached break-even (EBIT) in its core region of Germany, Austria and Switzerland (“DACH”).

ABOUT ZALANDO
Zalando is Europe’s leading online retailer for shoes and fashion. Working with over 1,500 international brands, Zalando offers an extensive selection of products for women, men and children, ranging from popular high street brands to much sought-after designer labels. Exclusive accessories and sportswear add to Zalando’s wide range of products. A combination of unique services – free delivery and returns, a free service helpline and an extended day returns policy – make online shopping at Zalando a convenient and secure online experience. The company was founded by Robert Gentz and David Schneider in 2008 and its headquarters are located in Berlin. Following its success in Germany, Zalando launched in Austria in 2009 and the Netherlands and France followed in 2010. In 2011 Zalando expanded into Italy, the UK and Switzerland. Since 2012 Zalando has also been available in Sweden, Belgium, Spain, Denmark, Finland, Poland, and Norway. Deliveries were extended to Luxembourg in 2013.