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Zalando's outlook for 2021 revenue growth well above market expectations

FRANKFURT, March 15 (Reuters) - German online fashion retailer Zalando said on Monday its revenue expectations for 2021 were significantly above market projections, following a strong start to the year.

Gross merchandise volume (GMV) - or sales made on its site by itself or by its partners - would likely increase 27%-32% to between 13.6 billion euros ($16.22 billion) and 14.1 billion euros in 2021.

GMV growth was around 50% in the first quarter, marking an “an extraordinarily strong start to the year”, the company said. ($1 = 0.8387 euros) (Reporting by Ludwig Burger. Editing by Jane Merriman)

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