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.
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