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Europe’s biggest fashion e-commerce player said adjusted operating profit fell to 9.8 million euros ($11.35 million) from 118 million a year ago, while sales rose 23% to 2.3 billion euros, slightly ahead of analysts’ average estimate of 2.24 billion.
Zalando said its operating profit was in line with the number it posted in the third quarter of 2019, before the pandemic helped the company post exceptional results.
“Despite growing inflation and supply chain uncertainties, we remain confident to achieve our upgraded full-year outlook,” finance chief David Schroeder said in a statement.
Zalando reiterated it expects full-year sales to grow 26%-31% to 10.1 billion-10.5 billion euros and forecast adjusted earnings before interest and taxation to reach the upper half of its guided 400 million-475 million euros range.
British rival ASOS (LON:ASOS) warned last month that supply chain pressures and consumers returning to pre-pandemic behaviour could reduce 2022 profit by over 40%.
($1 = 0.8636 euros)
