Video PlayerClose BERLIN, Oct. 31 (Xinhua) — Turnover of Zalando jumped 26.7 percent year on year to 1.5 billion euros (1.7 billion U.S. dollars) in the third quarter of 2019, Germany’s largest online fashion retailer announced on Thursday. The growth in turnover would have been “driven” by an increasing number of orders at Zalando, which went up by over 25 percent in Q3 compared to last year and stood at around 34.7 million, according to Zalando. “2019 has been a very successful year for us so far,” said David Schroeder, chief financial officer (CFO) at Zalando, adding that the German online fashion retailer would be growing at a “high pace across all regions.” In Q3, Zalando saw more than one billion site visits on its platform in a quarter for the first time in the company’s history, marking an increase of more than one third compared to the third quarter last year. Operational profits (adjusted EBIT) of Zalando also increased strongly from a loss of 38.9 million euros in last year’s Q3 to 6.3 million euros. Net profits however remained negative at 13.6 million euros in the third quarter of 2019. (1 euro=1.12 U.S. dollars)
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