Zalando Q2 FY20: revenue grows 27%; GMV €2.7 bn

Zalando SE, Europe’s leading online platform for fashion and lifestyle, posted 27.4 per cent revenue growth to €2.03 billion in its second quarter (Q2) fiscal 2020 ended on June 30, 2020 compared to revenue of €1.59 billion in same period last year. During the quarter, company’s GMV (Gross Merchandise Value) rose to €2.69 billion (Q2 FY19: €2.02 billion). 

 

Zalando SE, Europe's leading online platform for fashion and lifestyle, posted 27.4 per cent revenue growth to €2.03 billion in its second quarter (Q2) fiscal 2020 ended on June 30, 2020 compared to revenue of €1.59 billion in same period last year. During the quarter, company's GMV (Gross Merchandise Value) rose to €2.69 billion (Q2 FY19: €2.02 billion).#

Gross profit for Q2 FY20 was €903.3 million (€730.4 million). Earning before interest and taxes (EBIT) increased to €198.4 million (€92.0 million). Net income for the quarter grew to €122.6 million (€45.5 million).

 

Zalando SE, Europe's leading online platform for fashion and lifestyle, posted 27.4 per cent revenue growth to €2.03 billion in its second quarter (Q2) fiscal 2020 ended on June 30, 2020 compared to revenue of €1.59 billion in same period last year. During the quarter, company's GMV (Gross Merchandise Value) rose to €2.69 billion (Q2 FY19: €2.02 billion).#

“In the past months we have proven the strength and agility of Zalando in many ways, no matter how challenging the environment. We have come out of the first wave of this pandemic stronger than we went into it as a result of our strategic clarity, our strong partnerships and an extraordinary team effort,” Zalando chief financial officer David Schröder, said in a press release.

 

Zalando SE, Europe's leading online platform for fashion and lifestyle, posted 27.4 per cent revenue growth to €2.03 billion in its second quarter (Q2) fiscal 2020 ended on June 30, 2020 compared to revenue of €1.59 billion in same period last year. During the quarter, company's GMV (Gross Merchandise Value) rose to €2.69 billion (Q2 FY19: €2.02 billion).#

Zalando further plans to double down on its platform transition in the second half of the year. According to company press release, key initiatives include the acceleration of the partner programme, as well as the connected retail programme which allows brick-and-mortar retailers to easily scale their digital business, and which has proven highly successful during the first wave of the coronavirus pandemic.