Zalando reports growth slowdown
German online retailer Zalando, which develops Europe's largest online platform for the sale of clothing, footwear and accessories, reports an increase in the gross value of GMV goods by 3,2% in 2022 to 14,8 billion euros, revenue for the year remained at the previous level and amounted to 10,3 billion euros, writes Worldfootwear.com.
Zalando's adjusted earnings before interest and taxes (adjusted EBIT) decreased to EUR 184,6 million in 2022 from EUR 468,4 million in the previous year. Accordingly, last year's adjusted EBIT margin was 1,8% compared to 4,5% in 2021.
In 2022, the online store had a net profit of 16,8 million euros, while Zalando recorded a net profit of 234,5 million euros in the last financial year.
For the current fiscal year, Zalando expects GMV to grow by 1-7%, with revenue growing in the range of minus 1% to 4% compared to 2022. In addition, the company's 2023 Adjusted EBIT should be between EUR 280 million and EUR 350 million.
Recently we wrote about the intention of the leadership of Zalando to cut hundreds of jobs due to the difficult macroeconomic situation
German online retailer Zalando, which develops Europe's largest online platform for the sale of clothing, footwear and accessories, reports a 3,2% increase in the gross value of GMV goods in 2022…
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Retail Arithmetic
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How to fire a worker without tears, scandal and trial
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