Companies

Zalando sees profits soar as salaries rise by 83 per cent

Irish outpost transferred €17.8 million of intangible assets, including development projects, to its parent company throughout the year

Zalando’s Irish operations saw its after-tax profits climb from €4.1 million to €11 million in its 2023 financial year. Picture: Bloomberg

The online fashion retailer Zalando’s Irish operations reported a near-threefold increase in after-tax profits despite ballooning salaries and a moderate increase in revenues.

The Berlin-based ...