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It also announced a five-year partnership with DFB, the German national football federation, as it seeks to capitalize on the growing sportswear category. Sign up here. Shares in the company were indicated up 6% in premarket trade. Gross merchandise volume (GMV), a key revenue metric measuring the value of all goods sold, came in at 4.2 billion euros ($4.9 billion) in the quarter. Assuming About You had been part of the group in the prior-year period, quarterly GMV increased by 6.7%, the company said. Zalando has focused on higher-priced brands and the growing sportswear category, along with scaling up its partner business, as it faces competition from fast-fashion retailers with cheaper offerings such as Shein. Quarterly revenue, which includes revenues from its logistics network offer and marketing services, rose 26.5% to 3 billion euros, surpassing analysts expectations of 2.9 billion euros according to LSEG data. The company's earnings, however, were a touch below expectations, according to a local trader. Adjusted earnings before interest and taxes (EBIT) in the quarter increased to 96 million euros from 93 million euros a year earlier. Zalando said its logo would be featuring on all training and pre-match kits for DFB men's, women's, and youth teams. The partnership, which comes ahead of the football World Cup next year, included a wide range of marketing rights, it said. ($1 = 0.8575 euros) Reporting by Linda Pasquini in Gdansk and Helen Reid in London; editing by Matt Scuffham Our Standards: The Thomson Reuters Trust Principles., opens new tab Gdansk-based reporter covering German, Swiss and Austrian company news and equity markets, with a focus on retail and e-commerce sectors.
