Revenues at Zalando , one of Europe’s largest online fashion retailing platforms, rose 26.5 percent over the third quarter and totaled 3.02 billion euros.

The German company’s gross merchandise value, or GMV, also rose 21.6 percent to 4.21 billion euros in the three months to September. Zalando sees GMV, which measures how much inventory the platform has moved, as a key indicator; it is usually higher than company revenue.

For the nine months to date, Zalando was able to record growth of 11.4 percent and revenues of 11.82 billion euros.

“The third quarter demonstrates how we are relentlessly executing our strategy to embrace the immense opportunities in front of us and to capture profitable growth,” the company’s co-chief executive David Schröder said in a statement.

Zalando has ac

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