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Zalando: shares stumble after disappointing outlook.

(CercleFinance.com) - Shares in Zalando have fallen by as much as 6%, after the German online fashion retailer forecast its Q4 margin to be slightly below its level last year.

The company - which competes with Asos and Amazon - said a weaker-than-expected October will also lead to an adjusted Ebit margin of slightly under 5% this year, compared to a previous forecast of between 5% and 6%.

However, the company continues to expect full-year revenue growth in the upper half of its guidance range of 20%-25%, after revenue rose 28.7% to 1,074.7 million euros in the third quarter.

"Zalando will continue to trade short-term profitability to capture as much growth as possible beyond 2017," analysts at Bryan Garnier explained this morning.

"However, the consensus does not seem to take this strategy fully into account and still anticipates a very high margin level by 2020," the brokerage firm added, maintaining its "sell" rating on the shares.

Shares in Zalando are currently down 4.6% at under 41 euros.

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