Zalando’s Outlook for 2021 Revenue Growth Well Above Market Expectations

The German online fashion retailer said on Monday its revenue expectations for 2021 were significantly above market projections, following a strong start to the year.

Gross merchandise volume (GMV) – or sales made on its site by itself or by its partners – would likely increase 27 percent – 32 percent to between €13.6 billion ($16.22 billion) and €14.1 billion in 2021.

GMV growth was around 50 percent in the first quarter, marking an “an extraordinarily strong start to the year,” the company said.

By Ludwig Burger. Edited by Jane Merriman.

Credit: Source link


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