Zalando SE, which has emerged as a leading online fashion retailer across Western Europe, released preliminary figures showing its revenues grew 24 to 26 percent to €909 to 924 million, or approximately $1 billion, in the second quarter.

The company said it expected to achieve an adjusted EBIT of €68 to 88 million, corresponding to an adjusted EBIT margin of 7.5 to 9.5 percent. The company reported adjusted EBIT of €30 million, or 4.1 percent of revenue in the second quarter of 2015.

The results pushed Zalando’s revenue for the first half of 2016 to €1,705 to 1,720 million, up 24 to 25 percent from the comparable period a year ago. Adjusted EBIT for the first half of 2016 is expected to come in at  €88 to 108 million, a margin of around 5.7 percent at the mid-point of the range (H1 2015: €59 million, 4.3 percent).

“Zalando had a very strong Q2,” said Rubin Ritter, a member of the management board. “We delivered on our ambitious growth target and saw our profitability increase substantially. The operating leverage of our business has developed strongly while we continue to push forward with growth investments into our customer proposition and platform initiatives.”

Zalando reiterated its full year guidance of strong revenue growth at the upper end of the 20 to 25 percent growth corridor and increases full-year adjusted EBIT margin guidance to 4.0 to 5.5 percent.

Zalando expects to release audited financial results for the period on August 11, 2016.

 Zalando offers an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns. Its assortment of over 1,500 international brands, spans global athletic and outdoor brands, fast fashion and local brands, complemented by its private label products. The company offers different  assortments  in each of the 15 European markets where it operates in a bid to cater to national tastes. Those markets include Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Poland and the United Kingdom.

Zalando’s shops attract over 160 million visits per month. In the first quarter of 2016, approximately 62 percent of traffic came from mobile devices, resulting in 18.4 million active customers by the end of the quarter.