Zalando experienced the strongest growth ever since its IPO in 2014 during the first quarter. It continued to benefit from the pandemic-led surge in consumer demand and the accelerated growth in the partner business.
The group has raised its expectations for FY 21 on the back of the strong start to the year. The group now expects the top line to increase 26-31% to €10.1-10.5bn and adjusted EBIT to reach €400-475m, both ahead of the current consensus and our expectations.
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Strongest growth since the IPO
Zalando experienced the strongest growth ever since its IPO in 2014 during the first quarter. It continued to benefit from the pandemic-led surge in consumer demand and the accelerated growth in the partner business.
The group has raised its expectations for FY 21 on the back of the strong start to the year. The group now expects the top line to increase 26-31% to €10.1-10.5bn and adjusted EBIT to reach €400-475m, both ahead of the current consensus and our expectations.