Tuesday, July 19, 2016

Zalando raises profit forecast – Västerbotten Courier

The online clothing store Zalando, the Stenbeck sphere Kinnevik as a major shareholder, flagging for an unexpectedly strong result before its interim report in August.

Stocks listed on Frankfurt Stock Exchange, expects that sales fall at 909-924 million euros, compared with an average forecast among analysts of 915 million euros according to a Reuters poll.

the profit margin while lifting to 7.5-9, 5 percent, up from 2.5 percent in the first quarter. Analysts had expected a margin of 5.4 percent.

For the full year confirms Zalando forecast of a sales lift of 20-25 percent, while the forecast for the profit margin increased to 4.0-5.5 percent, up from 3.0-4.5 percent.

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