The Hamburg online fashion retailer About You Holding SE presented its results for the 2024/25 financial year shortly before the planned takeover by the competitor Zalando. On Thursday, the e-commerce specialist announced that he was able to fulfill his forecasts with an increase in sales and progress in the result.
In the past financial year, which was completed at the end of February, the group sales reached a height of around 2.00 billion euros and was therefore as high as never before in the company’s history. The proceeds rose by 3.4 percent compared to the previous year.
Sales in the fashion trade grew in the core region of the roof, which comprises Germany, Austria and Switzerland, by 8.0 percent to 990.4 million euros and in the other European markets by 1.0 percent to 935.0 million euros. According to the company, both the number of active customers: inside (+4.8 percent) and orders (+1.2 percent) were increased compared to the previous year.
About You reports significant improvement in results
In the Tech, Media and Enabling segment (TME), which includes the B2B platform operator Scayle, sales increased by 1.1 percent to 191.0 million euros.
Not least thanks to an increase in gross margin from 38.7 to 40.4 percent, the group was able to significantly improve its result. The result that was adjusted for special effects before interest, taxes and depreciation (EBITDA), which had been 3.2 million euros in the previous year, jumped to 28.1 million euros. The designated net loss decreased by 4.9 percent from 112.2 to 106.7 million euros.
The planned takeover by Zalando is “planned”
For the current financial year 2025/26, ABOUT YOU sees itself “well positioned”. The board “expects moderate growth of the group sales and a strong increase in the adjusted EBITDA compared to the previous year,” says a message.
At the same time, the company expects the takeover of the Berlin online retailer Zalando SE. “The takeover process runs along the processes that has been communicated since December 2024,” said About You. The transaction is still “under the reservation of regulatory shares” and will “probably take place in the summer of 2025”.