Before takeover by Zalando: About You increases annual sales and reduces loss
Hamburg-based online fashion retailer About You Holding SE presented its results for the financial year 2024/25, shortly before its planned takeover by competitor Zalando. On Thursday, the e-commerce specialist announced that it had met its forecasts with an increase in sales and progress in earnings.
In the past financial year, which ended at the end of February, group sales reached approximately two billion dollars, the highest in the company's history. Revenues increased by 3.4 percent compared to the previous year.
Sales in the fashion category grew by 8 percent to 990.4 million dollars in the core DACH region, which includes Germany, Austria and Switzerland, and by 1 percent to 935 million dollars in the other European markets. According to the company, both the number of active customers (plus 4.8 percent) and orders (plus 1.2 percent) increased compared to the previous year. About You reports significant improvement in earnings
In the Tech, Media and Enabling (TME) segment, which includes the B2B platform operator Scayle, sales rose by 1.1 percent to 191 million dollars.
Thanks in part to an increase in the gross margin from 38.7 to 40.4 percent, the group was able to significantly improve its earnings. Earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special effects, which had been 3.2 million dollars in the previous year, jumped to 28.1 million dollars. The reported net loss decreased by 4.9 percent from 112.2 million dollars to 106.7 million dollars. Planned takeover by Zalando is proceeding 'according to plan'
About You believes it is 'well positioned' for the current financial year 2025/26. The management board expects 'moderate growth in group sales and a strong increase in adjusted EBITDA compared to the previous year', according to a statement.
At the same time, the company expects the takeover by Berlin-based online retailer Zalando SE to be completed. About You explained that 'the takeover process is proceeding according to plan along the lines of the processes communicated since December 2024'. The completion of the transaction is still 'subject to regulatory approvals' and is 'expected to take place in the summer of 2025'. This article was translated to English using an AI tool.
FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
North Wales Chronicle
an hour ago
- North Wales Chronicle
Evri tie-up with DHL's UK parcel arm being probed by competition watchdog
The Competition and Markets Authority (CMA) said it will look into whether the deal could 'result in a substantial lessening of competition' in the postal delivery sector. It is initially gathering comments on the tie-up, with a deadline for submissions of June 25, before formally launching its investigation. 'The CMA is issuing this preliminary 'invitation to comment' to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on competition in the UK,' it said. Yorkshire-based Evri last month unveiled the deal to merge with rival DHL's UK ecommerce business in a move which will see it also enter the UK business letter market for the first time, competing further with Royal Mail. German-owned DHL Group will acquire a 'significant minority stake' in Evri as part of the merger. We're looking into the proposed EVRi merger with DHL eCommerce UK. Both companies operate parcel delivery services: — Competition & Markets Authority (@CMAgovUK) June 11, 2025 The two operations, which will operate as Evri Group, will bring together more than 30,000 couriers and van drivers, and 12,000 further workers. Evri, which was previously part of the Hermes parcel group, was snapped up by US private equity firm Apollo for around £2.7 billion last year. Apollo will remain the majority shareholder in the business. The combined company will deliver more than one billion parcels and one billion letters each year, the firms said. They said the merger will offer 'greater choice and cost-competitive solutions' to businesses and consumers, and expand import and export capabilities. The business will be led by Evri chief executive Martijn de Lange, according to the groups. The deal comes amid a raft of mergers and acquisitions in the sector, with Royal Mail owner International Distribution Services being bought by Czech billionaire Daniel Kretinsky's EP Group in a £3.6 billion takeover. In April, Polish parcel locker firm InPost also struck a £100 million deal to buy UK rival Yodel, combining the home delivery and collection networks to form one of the largest logistics groups in Britain.
The Herald Scotland
an hour ago
- The Herald Scotland
Evri tie-up with DHL's UK parcel arm being probed by competition watchdog
It is initially gathering comments on the tie-up, with a deadline for submissions of June 25, before formally launching its investigation. 'The CMA is issuing this preliminary 'invitation to comment' to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on competition in the UK,' it said. Yorkshire-based Evri last month unveiled the deal to merge with rival DHL's UK ecommerce business in a move which will see it also enter the UK business letter market for the first time, competing further with Royal Mail. German-owned DHL Group will acquire a 'significant minority stake' in Evri as part of the merger. We're looking into the proposed EVRi merger with DHL eCommerce UK. Both companies operate parcel delivery services: — Competition & Markets Authority (@CMAgovUK) June 11, 2025 The two operations, which will operate as Evri Group, will bring together more than 30,000 couriers and van drivers, and 12,000 further workers. Evri, which was previously part of the Hermes parcel group, was snapped up by US private equity firm Apollo for around £2.7 billion last year. Apollo will remain the majority shareholder in the business. The combined company will deliver more than one billion parcels and one billion letters each year, the firms said. They said the merger will offer 'greater choice and cost-competitive solutions' to businesses and consumers, and expand import and export capabilities. The business will be led by Evri chief executive Martijn de Lange, according to the groups. The deal comes amid a raft of mergers and acquisitions in the sector, with Royal Mail owner International Distribution Services being bought by Czech billionaire Daniel Kretinsky's EP Group in a £3.6 billion takeover. In April, Polish parcel locker firm InPost also struck a £100 million deal to buy UK rival Yodel, combining the home delivery and collection networks to form one of the largest logistics groups in Britain.
South Wales Guardian
an hour ago
- South Wales Guardian
Evri tie-up with DHL's UK parcel arm being probed by competition watchdog
The Competition and Markets Authority (CMA) said it will look into whether the deal could 'result in a substantial lessening of competition' in the postal delivery sector. It is initially gathering comments on the tie-up, with a deadline for submissions of June 25, before formally launching its investigation. 'The CMA is issuing this preliminary 'invitation to comment' to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on competition in the UK,' it said. Yorkshire-based Evri last month unveiled the deal to merge with rival DHL's UK ecommerce business in a move which will see it also enter the UK business letter market for the first time, competing further with Royal Mail. German-owned DHL Group will acquire a 'significant minority stake' in Evri as part of the merger. We're looking into the proposed EVRi merger with DHL eCommerce UK. Both companies operate parcel delivery services: — Competition & Markets Authority (@CMAgovUK) June 11, 2025 The two operations, which will operate as Evri Group, will bring together more than 30,000 couriers and van drivers, and 12,000 further workers. Evri, which was previously part of the Hermes parcel group, was snapped up by US private equity firm Apollo for around £2.7 billion last year. Apollo will remain the majority shareholder in the business. The combined company will deliver more than one billion parcels and one billion letters each year, the firms said. They said the merger will offer 'greater choice and cost-competitive solutions' to businesses and consumers, and expand import and export capabilities. The business will be led by Evri chief executive Martijn de Lange, according to the groups. The deal comes amid a raft of mergers and acquisitions in the sector, with Royal Mail owner International Distribution Services being bought by Czech billionaire Daniel Kretinsky's EP Group in a £3.6 billion takeover. In April, Polish parcel locker firm InPost also struck a £100 million deal to buy UK rival Yodel, combining the home delivery and collection networks to form one of the largest logistics groups in Britain.
