Zalando, which grew rapidly during the lockdowns, saw its profit more than halved last year. After all, consumers are going to physical stores more often to buy clothes. The company therefore does not rule out the possibility that it will have to record a small loss of turnover this year.
The profit before taxes and interest (EBIT) amounted to 184.6 million euros last year. That is less than half of the 468.4 million from a year earlier. The final net profit, including extraordinary income and expenses, amounted to 16.8 million euros. That was only a fraction of the 234.5 million of the previous year. Turnover amounted to approximately 10.3 billion euros, which was almost the same as in 2021.
Zalando assumes that it will book a small turnover growth of a maximum of 4 percent this year, but the Germans are also taking into account a possible contraction of 1 percent. The profit is expected to be between 280 and 350 million euros.
Due to the disappointing results, Zalando recently announced that it would cut hundreds of jobs. This mainly affects management.
The web store is certainly not the only company that has seen its results decline due to the end of the lockdown. For example, PostNL announced last week that it would cut hundreds of jobs because there are probably fewer packages to deliver. Many people also have to leave large tech companies such as Amazon and Facebook mother Meta, while bol.com also announced a round of layoffs.