The online fashion giant reported a 2.3% increase in group revenue year on year to €2.25bn (£1.98bn) in its first quarter, while gross merchandise volume jumped 2.8% to €3.2bn (£2.81bn).

For the quarter, Zalando broke even at an adjusted EBIT level, in comparison to the loss of €51.8m (£45.5m) reported in the first quarter last year.