Zalando annual revenue doubles to € 1,15 billion

According to a press release, Germany’s biggest e-commerce Zalando doubled its annual revenue from € 510 million to € 1,15 billion. It also broke even in its core markets Germany, Austria and Switzerland, it says.

Impressive growth, as you can see in the graph. Zalando says it’s the first European startup to reach € 1 billion in annual revenue within 4 years.

While most of the revenue was made in the core (German speaking) markets, Zalando says it also expanded to 7 new markets in 2012. Says Zalando co-founder Robert Gentz: “Our presence in 14 European countries serves as a cornerstone for our future growth.”

Zalando’s EBIT-margin improved from minus 12 % to minus 8 %.

Apart from rolling out in new countries and finding new financing from DST Global, Kinnevik and JP Morgan Asset Management, Zalando also invested heavily in its logistics and added ICT staff (now 300 strong), it says.

Powered by Facebook Comments

About the author

Raf Weverbergh

Editor of whiteboard. Raf Weverbergh was a magazine journalist whose work appeared in magazines like Rolling Stone, Playboy, Mail on Sunday, Publico and South China Morning Post. He is the co-founder of FINN, a corporate communications agency where he advises startups and multinationals on their PR and Mustr, the easiest media database for PR professionals. You can contact him on Twitter, Linkedin or Skype (rafweverbergh).

Related Posts