Zalando sales soar for Q2

Zalando's sales have rocketed over the last three months for its second quarter of the year.

The European fashion e-tailer's revenues stood at €909-924 million, a growth of 24-26%. Meanwhile, it's adjusted EBIT was between €68-88 million, with the margin of 7.5-9.5%.

Thanks to its significant increase in sales, the e-tailer has now increased its full-year adjusted EBIT margin guidance to 4.0-5.5%

Rubin Ritter, member of Zalando's management board, said: "Zalando had a very strong Q2. We delivered on our ambitious growth target and saw our profitability increase substantially. The operating leverage of our business has developed strongly while we continue to push forward with growth investments into our customer proposition and platform initiatives."

Since launching in 2008, the eCommerce start-up has scaled from a basement business in Berlin to 10,000 employees selling fashion into 15 countries across Europe.

Zalando – which now sees 160 million visits to its website each month, along with 18 million active customers who spent a total of €3 billion in 2015 – targets its marketing campaigns to individual countries, ensuring it localises its offering for customers