Zalando (XTRA: ZAL) 4Q18 and FY18 Results: Final Quarter Bounce Back, But Falling Basket Sizes and Rising Fulfilment Costs Remain Problematic
- Zalando reported a strong conclusion to the year with revenues up 24.6% year over year in 4Q18. 4Q18 adjusted EBIT came in comfortably ahead of expectations. Full-year revenue growth and EBIT were in line with guidance.
- The company will begin reporting gross merchandise volume (GMV) to reflect the scale of the business.
- Average basket sizes declined further and the fulfilment cost ratio climbed again in 2018.