Sharply Increased Profit for Zalando

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Sharply Increased Profit for Zalando
Photo: Lise Åserud/NTB/TT

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The German online store Zalando reports a sharply increased profit in the third quarter, as shown by the latest quarterly report.

The company's adjusted operating result amounted to 92.7 million euros, which can be compared to 23 million euros for the same period last year.

Zalando states that it sees an increased demand and in October raised the forecasts for the full year. The number of active customers grew slightly compared to last year to 50.3 million.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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