German Zalando to expand fulfilment footprint in Sweden

Zalando SE, a leading online platform for fashion, grew revenues in the fourth quarter of 2016 by 25-26% to EUR1,086-1,094 million (Q4 2015: EUR868.5 million), according to preliminary figures. Zalando expects to achieve an adjusted EBIT of EUR81-104 million, corresponding to an adjusted EBIT margin of 7.5-9.5% (Q4 2015: EUR71.8 million or 8.3%) for the same period.
“We have completed a successful 2016. For the first time we broke the billion-euro revenue barrier in a single quarter, a clear result of our customer focus,” said Rubin Ritter, co-CEO. “We will continue to emphasize growth and further invest behind an ever-improving customer experience across all our markets.”
Zalando intends to open a satellite warehouse in Sweden in the course of 2017, similar to its satellite warehouses in France and Italy. The facility will be run by a service provider and aims to further improve Zalando’s customer proposition in its important Nordic markets in Sweden, Norway, Finland and Denmark.
Zalando is a leading online fashion platform for women, men and children. Its localized offering addresses the distinct preferences of its customers in each of the 15 European markets it serves: Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom. Its logistics network with four centrally located fulfilment centers in Germany allows it to efficiently serve its customers throughout Europe, supported by a warehouse in Northern Italy with a focus on local customer needs.
Zalando’s shops attract over 160 million visits per month. In the third quarter of 2016, more than 65 percent of traffic came from mobile devices, resulting in 19.2 million active customers by the end of the quarter.