Zalando indicates that its first-quarter results will be higher than projected by financial analysts thanks to a relatively strong start to the spring/summer season and a relatively low return rate. Based on preliminary data, the gross merchandise volume (GMV) went up by between 54.5 and 56.5 percent during the period, as compared to the first quarter of 2020. Revenues went up by between 46 and 48 percent, leading to an operating profit (Ebit) of between €80 million and €100 million, compared with an operating loss of €98.6 million. The final figures will be released on May 6.