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Zalando lost over 500 million

(On:) The German nettkjempen Zalando, which in 2012 launched the online shop in the Uk, lose large amounts. the Company lost 57,3 million euro (548 million)

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Zalando lost over 500 million

(On:) The German nettkjempen Zalando, which in 2012 launched the online shop in the Uk, lose large amounts.

the Company lost 57,3 million euro (548 million) before tax in year 3. quarter, while the loss in the corresponding period last year was 9.6 million euro (92 million).

In the middle of september, Zalando out profit warnings, where the expected result and turnover was decreased after the development proved to be inferior to the ambitions. The summer heat got the blame, writes Finansavisen.

This week presented nettgiganten results showing that turnover is not increased as much as expected.

Not satisfied

In the period July to september, turnover rose to 1.200 million euro (11,5 billion), an increase of 12 per cent.

"We are obviously not satisfied with our financial results in the third quarter," says Rubin Ritter, one of the three Zalando commanders, in a message.

the Company states that demand in the fashion mutva.com business in general has been at a lower level in the summer.

Have 25 million customers Zalando sell clothing, shoes and accessories, exclusively online, to 17 countries in Europe. Nettkjempen has 25.1 million active customers.

The largest shareholders in the company are the Swedish investment company Kinnevik (31.3 per cent) and the Danish Bestseller-owner Anders Holch Povlsen (10.0 per cent).

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