Zalando's Q2 operating profit increased 18.5% to €171.6m due to efficient inventory management, lower order fulfilment costs, and strong segment performances.

Zalando's Q2 operating profit increased 18.5% to €171.6m, attributed to improved inventory management, lower order fulfilment costs, and strong performance in sports, designer, and beauty segments. Q2 adjusted EBIT rose from €144.8m in 2021, with revenue increasing 3.4% to €2.6bn. The company's GMV grew 2.8% to €3.8bn, and it expects 2024 GMV growth between 0-5% and adjusted EBIT within €380-450m.

August 06, 2024
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