Zalando Reports Robust Q2 Growth Driven by Sports, AI Investments, and B2B Expansion

In Q2 2024, Zalando SE demonstrated solid performance with a 2.8% increase in gross merchandise volume, reaching 3.8 billion euros. Revenue grew by 3.4% to 2.6 billion euros, supported by a 6.5% adjusted EBIT margin. The company recorded double-digit growth in its B2B sector, with a 10.3% rise in sales, reflecting successful B2B strategies.

Key initiatives such as expanding tech sites and deepening collaboration with OpenAI highlight Zalando's commitment to technological advancements. The company has confirmed its full-year guidance for 2024, expecting revenue and GMV growth between 0% and 5%. Notably, Zalando’s Chief Financial Officer, Dr. Sandra Dembeck, will not renew her contract, while Chief People Officer, Dr. Astrid Arndt, has been reappointed.