Zalando: fourth quarter in line with consensus
(CercleFinance.com) - According to preliminary figures, Zalando's revenues grew by 21.
2%-23.2% to 1,323 million euros-1,345 million euros in Q4, pretty much in line with the consensus.
For the same period, Zalando said it expects to achieve an adjusted EBIT of 107-120 million euros, corresponding to an adjusted EBIT margin of 8.1-8.9%.
Bryan Garnier analysts suspect the online fashion group's performance was partially affected by October's warm weather in Europe.
For the rest, Zalando's numbers show the continuation of the rebound in sales growth observed since the third quarter, putting the group on track to reach its full-year guidance, the broker added.
"However, as part of its cash margin approach and in a very competitive environment, we believe Zalando will continue to trade short-term profitability to capture as much growth as possible, thus heading towards a flattish margin," Bryan Garnier said, maintaining a "sell" rating on the stock.
The Frankfurt-listed shares were up 4.1% at 45.8 euros after this report.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2%-23.2% to 1,323 million euros-1,345 million euros in Q4, pretty much in line with the consensus.
For the same period, Zalando said it expects to achieve an adjusted EBIT of 107-120 million euros, corresponding to an adjusted EBIT margin of 8.1-8.9%.
Bryan Garnier analysts suspect the online fashion group's performance was partially affected by October's warm weather in Europe.
For the rest, Zalando's numbers show the continuation of the rebound in sales growth observed since the third quarter, putting the group on track to reach its full-year guidance, the broker added.
"However, as part of its cash margin approach and in a very competitive environment, we believe Zalando will continue to trade short-term profitability to capture as much growth as possible, thus heading towards a flattish margin," Bryan Garnier said, maintaining a "sell" rating on the stock.
The Frankfurt-listed shares were up 4.1% at 45.8 euros after this report.
Copyright (c) 2018 CercleFinance.com. All rights reserved.