fot. Zalando / Photo: Zalando press materials

Last Mile Brief 06/11: Zalando reveals plans to invest in logistics in Q3 statement

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Zalando has reported adjusted third-quarter earnings before interest and tax (adjusted EBIT) of 23.2 million euros, an increase of 72% compared with last year. The company has also declared its intention to grow its logistics offering.

Commenting in its Q3 statement, Dr. Sandra Dembeck, Zalando CFO, said:

“Storytelling, logistics and technology are key to boost our future growth. Our healthy balance sheet gives us the financial flexibility to make these strategic investments. On top of that, our financial discipline meant that we were able to deliver on another quarter of improved profitability.”

Last month, Zalando launched the B2B brand ZEOS, short for Zalando E-commerce Operating System, which it says is designed to enable “fashion and lifestyle brands and retailers to manage their multi-channel business across Europe within one unified platform”.

Last year, the company also “successfully piloted multi-channel fulfillment”, which is moving under the new brand and is now called ZEOS Fulfillment.

According to Zalando, around 30 brands and retailers such as Pepe Jeans, a brand of AWWG Group, and renowned Polish shoes and accessories brand Kazar are already working with the new offering.

“Adjusted EBIT increased to 23.2 million euros in the third quarter from 13.5 million euros in the same quarter a year ago, boosted by lower fulfillment costs. Adjusted EBIT as a percentage of sales rose to 1% in the quarter from 0.6% compared with a year ago. GMV declined 2.4% to 3.2 billion euros and revenue fell 3.2% to 2.3 billion euros in the quarter amid a challenging macroeconomic environment of low consumer sentiment and declining online sales. The quarter was also adversely impacted by the warmest September on record in Europe, as shoppers did not buy autumn and winter apparel as they usually do in this season,” said Zalando.


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