Zalando: share up as annual targets maintained

(CercleFinance.com) - Zalando has unveiled H1 results on Thursday, which included no major surprises, with the company maintaining its annual targets, despite market conditions that are deemed to be increasingly uncertain.


This morning the European leader in online clothing sales confirmed its forecasts provided last month, starting with sales growth of up to 3% this year, representing expected revenues of 10.4 to 10.7 billion euros.

The Berlin-based group also confirmed its FY adjusted EBIT target of 180 to 260 million euros.

These announcements were warmly welcomed by investors in an environment that is clearly darkening in terms of consumer behaviour, particularly due to surging inflation.


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