Zalando eyeing further growth after strong first half

Zalando — the German online fashion retailer, which recently expanded into Ireland— has raised its full year earnings forecast on the back of a strong first-half showing, which saw revenues rise by 31.5% on an annualised basis.

The company opened its Irish office on Dublin’s Barrow Street in April and plans to create up to 200 data and research jobs here.

Yesterday, the Berlin-based company— ranked as Europe’s leading online fashion platform — reported first-half revenues of €1.38bn, up 31.5% year-on-year, and adjusted earnings before tax of €59.2m, a figure which was up from €12.4m for the corresponding period last year.

“Zalando is powering ahead to take full advantage of the great opportunities in European fashion e-commerce. Thanks to our clear focus on customer satisfaction, we have delivered exceptional revenue growth at scale and improving profitability in the first half of 2015,” said company director, Rubin Ritter.

Fittingly, the company has upped its earnings growth projections for the current year, with management now anticipating 28%-31% growth rather than an increase in the region of 20%-25%. That is on the back of a better-than-expected spring/summer season, but earnings margin guidance — at around 4.5% — remains unchanged.


Lifestyle

The flight that brought us home to Ireland after our seven months sojourn in the Canary Islands (half our stay intended, half not) was the most comfortable I’ve experienced in years. With a large plane almost entirely to yourself, you could again pretend you were somebody.Damien Enright: Wonderful to see the green, green grass of home

IRISH folklore is replete with stories of priests praying for fine weather to help farmers save their crops in wet summers. However, the opposite could soon be happening when divine powers may have to be invoked to provide rain. And not just for farmers.Donal Hickey: Praying for rain — in Ireland

Geography is often the defining factor for the destiny of an island. Those islands that lie close to the shore have often been snapped up by interests on the mainland and their morphology changed to something completely different.The Islands of Ireland: Tarbert morphed onto the mainland

Most of us would agree that we love music, even if each individual’s ideas of what good music is, differs greatly. Have you ever wondered though, why do we love music so much and does it have any positive benefits for us physically or mentally?Appliance of Science: What are the benefits of listening to music?

More From The Irish Examiner