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Germany's About You starts FY25–26 strong with $637.3 mn Q1 revenue

Germany's About You starts FY25–26 strong with $637.3 mn Q1 revenue

Fibre2Fashion5 days ago
German fashion e-commerce company About You Group has reported a 6 per cent year-on-year (YoY) increase in revenue to €549.4 million (~$637.3 million) in the first quarter (Q1) of fiscal 2025–2026 (FY25–26), supported by strong customer acquisition and a solid start to the Spring/Summer 2025 season.
The active customers rose for the group by 8.4 per cent YoY to 13.3 million, and gross profit climbed by 3.6 per cent to €232 million. However, the gross margin declined by 100 basis points to 42.2 per cent due to promotional activity and one-off effects.
The profitability improved significantly, with EBITDA growing by 79.1 per cent to €16.3 million, and the EBITDA margin rising to 3 per cent from 1.8 per cent. Adjusted EBITDA increased by 53.9 per cent to €23.2 million, with the margin improving to 4.2 per cent from 2.9 per cent, reflecting enhanced operational efficiency and strict cost control.
German fashion e-commerce firm About You has reported a 6 per cent YoY revenue rise to €549.4 million (~$637.3 million) in Q1 FY25â€'26, driven by strong customer growth and a solid season start. EBITDA surged 79.1 per cent, while adjusted EBITDA rose 53.9 per cent. Scayle expanded internationally, and Zalando's acquisition progressed post-EU approval, with a squeeze-out of minority shareholders planned.
The capital expenditure (capex) declined by 48.4 per cent to €7.2 million, indicating lower investment outflows. Free cash flow stood at €26.1 million, down 43.2 per cent YoY due to working capital timing effects. Cash and cash equivalents were €160.8 million at the end of the quarter, down from €194.8 million the previous year. Net working capital improved significantly to -€123.3 million from -€63.0 million, driven by inventory optimisation and working capital measures.
Both the consumer-facing About You platform and its B2B segment, Scayle, contributed to growth. Scayle continued to invest in international expansion and now serves over 300 brands through its commerce technology and SCAYLE Payments, which recently received BaFin licensing and is expanding across Europe, added the release.
Based on Q1 performance and a strong start to Q2, the management board reaffirmed its guidance for FY25–26, expecting moderate revenue growth and strong growth in adjusted EBITDA. Meanwhile, About You's acquisition by Zalando SE is progressing. With European Commission clearance secured, the takeover offer was settled on July 11, 2025, and Zalando plans to initiate a squeeze-out of the remaining minority shareholders.
Fibre2Fashion News Desk (SG)
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