August 10, 2017 / 6:24 AM / 10 months ago

Zalando plans two new warehouses in Poland, Italy

BERLIN, Aug 10 (Reuters) - German online fashion retailer Zalando is planning two new large fulfilment centres in Poland and Italy and expects full-year sales growth at the upper end of its forecast range of 20 to 25 percent, it said on Thursday.

Zalando, which already reported preliminary second-quarter figures last month, said sales rose 20 percent to 1.1 billion euros ($1.3 billion), while adjusted earnings before interest and taxation (EBIT) came in at 82 million, in line with average analyst forecast of 1.1 billion and 83 million respectively.

For the full-year, it expects sales growth in the “upper half” of its guided range of 20 to 25 percent and adjusted EBIT in the lower half of the 5 to 6 percent range it had previously forecast.

British rival ASOS said this week it is spending $40 million on a second U.S. distribution centre to support strong sales growth in what it hopes will become a major market.

$1 = 0.8523 euros Reporting by Emma Thomasson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below