Zalando reports that its GMV business volume (merchandise sales, other revenues and marketplace business volume) fell by 1.1% between 2022 and 2023, to E14.6 bn, suggesting Group sales of E10.1 bn, down 1.9% on 2022.

Adjusted EBIT, meanwhile, is forecast at 350 ME in 2023, almost double the previous year's figure (184 ME), with the adjusted EBIT margin rising from 1.8% to 3.5%.

Finally, Zalando posted a net profit of ME 83 in 2023, a figure almost quintupled in the space of twelve months (net profit was ME 16.8 in 2022).

"Our ambition is to return to strong growth and further expand our margins, as reflected in our new medium-term forecasts", said Zalando co-CEO Robert Gentz.

Zalando is targeting a compound annual growth rate of 5-10% for both gross merchandise volume (GMV) and sales over the next five years.

In the long term, Zalando aims to cover the equivalent of 15% of the European fashion market. This represents 450 billion euros.

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