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Shop German fashion online Zalando posted a net profit attributed of 122,6 million euros in the second quarter of the year, that represents an increase of 169% in comparison with its results from the same period of 2019, the company reported that it reached 34.1 million of active customers between April and June, a 20.4 per cent more.
The turnover of Zalando in the second quarter increased 27.4% year-on-year, up to 2.034,7 million euros, with a growth of 28,6% of the number of orders, up to 46,5 million, while the average amount of each order increased by 0.3% to 56,9 euros.
In this way, in the first half the signature German posted a net profit attributed of 36.2 million euros, 29.7% more than the profit posted in the first half of 2019, while its revenues amounted to 3,558 houses,9 million, 19.6% more. “We have come out of the first wave of this pandemic, stronger than we ,” said David Schroeder, financial director of Zalando.
The company expressed its intention to redouble efforts to transition its platform in the second half of the year, including the acceleration of the program of partners, as well as the program Connected Retail that allows traditional retailers to easily scale their digital business.
In this regard, the firm highlighted the significant increase in the activities of their business partners on the platform during the last few months. In the second quarter of 2020, around 180 new brands were incorporated into the program of partners of Zalando.
In this way, after the strong growth recorded in the second quarter, Zalando anticipates an increase of between 20% and 25% of the gross merchandise (GMV) and an increase in income of between 15% and 20%, with an Ebit adjusted of between 250 and 300 million euros, while the investments will range between 230 and 280 million euros.
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