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Berlin (dpa) - The online retailer Zalando expanded its business significantly in the first quarter.
Compared to the same period last year, sales are expected to grow by 46 to 48 percent to 2.22 to 2.26 billion euros, as the MDax Group announced on Tuesday evening based on preliminary figures.
According to its own statements, the company benefited from an unexpectedly strong start to the spring / summer season and from an unexpectedly low return rate.
The adjusted earnings before interest and taxes (Ebit) should be between 80 and 100 million euros, after Zalando had posted a loss of almost 99 million euros a year earlier.
The company did not provide information on the net result.
Zalando will present final figures on May 6th.
© dpa-infocom, dpa: 210420-99-282245 / 2