Adjusted earnings before interest and taxes (EBIT) for the past year are expected to be around 510 million euros, above the October forecast of 440 to 480 million euros, Zalando announced on Wednesday after the market close, based on preliminary figures. The Dax-listed company cited not only the strong final quarter and the increasing number of customers, but also better sales of goods as the reason for the good performance. Gross merchandise volume (GMV) increased by 4.5 percent year-on-year to 15.3 billion euros in 2024. Sales climbed by 3.9 percent to 10.5 billion euros. Capital expenditure (capex) amounted to 210 million euros. The complete results for the 2024 financial year are scheduled to be published on March 6, 2025.
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