The first half of Zalando is on file, which closed with a turnover up by 29,5% and with the first operating profit in the company's history, results that lay the foundations for an imminent landing on the Stock Exchange. The German group, European leader in online fashion sales, is in fact preparing to announce in the short term plans to bring about 15% of the share capital to the stock exchange, even if no confirmations on the matter come from the top management of the German company.
Zalando, whose main competitors also include the Italian group Yoox, has recorded growth rates that are even higher than the sector average, with sales increases of 35% in the first quarter and 25% in the second quarter.
Despite such positive numbers, the company is looking to the future and possible expansions, especially in Eastern European markets: “We are still relatively small – commented a member of the Board of Directors of the German company – given that the European fashion market is worth 420 billion euros and we have a market share of 0,5%”.
