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Zalando Says Its Full-Year Profit to Exceed Own Target

Europe’s biggest online retailer Zalando said on Wednesday it expected its profit for 2024 to be above its own forecasts.
Zalando office exterior
Europe’s biggest online retailer Zalando said on Wednesday it expected its profit for 2024 to be above its own forecasts. (Shutterstock)
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Europe’s biggest online retailer Zalando said on Wednesday it expected its profit for 2024 to be above its own forecasts, after marketing-driven customer growth and improved sell-through led to better-than-expected fourth-quarter results.

Zalando now anticipates adjusted earnings before interest and taxes (EBIT) of around €510 million ($525 million), surpassing its guidance range of €440-480 million.

Preliminary figures show gross merchandise volume (GMV) in the year rose by 4.5 percent to €15.3 billion, while revenue grew by 3.9 percent to €10.5 billion, the company added.

This compares to its forecast for GMV and revenues growth of €15.1-15.4 billion and €10.3-10.7 billion respectively.

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By Linda Pasquini; Editor: Toby Chopra and Alexander Smith

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Zalando to Buy German E-Commerce Player About You for $1.3 Billion

Berlin-based Zalando said Wednesday it will offer €6.50 per share for rival e-tailer About You, a 67 percent to Tuesday’s closing price.

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