THE WHAT? Zalando has reported ‘exceptional’ full-year results for fiscal 2021 with growth ‘significantly faster’ than expected.
THE DETAILS The German e-commerce platform saw GMV growth of 34.1 percent to €14.3 billion, driven by continued strong consumer demand for online offerings and increasing partner adoption of platform services. Revenue increased 29.7 percent to €10.4 billion in 2021 and Zalando achieved an adjusted EBIT of €468.4 million, corresponding to a margin of 4.5 percent.
THE WHY? Robert Gentz, Co-CEO at Zalando, says: “We are very pleased with our strong results, which demonstrate that we have the right strategy in place to succeed irrespective of the market environment. Our new customer growth and strategic progress in 2021 underline the immense opportunity ahead of us. Leveraging our platform business model, we are in a strong position to achieve our GMV goal of more than €30 billion by 2025. We would like to thank the entire Zalando team for their commitment and flawless execution working towards that goal.”