Zalando: shares under pressure; margins, outlook disappoint
(CercleFinance.com) - Zalando shares are down over 6% on Tuesday, after the company reported second-quarter earnings and margins that were down year-on-year, mainly due to heavy logistics investments.
This morning, the German online fashion retailer said it earned an adjusted group Ebit of 94.4 million euros, or a margin of 3.7% over the first six months of the year, down from 102.1 million euros, or 4.9%, one year earlier.
Second-quarter revenue rose by 20.9% to 1.33 billion euros, with adjusted EBIT also up at 94 million euros, while its margin fell to 7.1%.
"Second-quarter results are in line, but full-year guidance fell at low end of range," one analyst pointed out.
For the financial year 2018, Zalando forecasts adjusted EBIT at the low end of its 220-270 million euros target range.
These comments put pressure on Zalando shares on Tuesday, with the stock down 6.8% at 44.7 euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
This morning, the German online fashion retailer said it earned an adjusted group Ebit of 94.4 million euros, or a margin of 3.7% over the first six months of the year, down from 102.1 million euros, or 4.9%, one year earlier.
Second-quarter revenue rose by 20.9% to 1.33 billion euros, with adjusted EBIT also up at 94 million euros, while its margin fell to 7.1%.
"Second-quarter results are in line, but full-year guidance fell at low end of range," one analyst pointed out.
For the financial year 2018, Zalando forecasts adjusted EBIT at the low end of its 220-270 million euros target range.
These comments put pressure on Zalando shares on Tuesday, with the stock down 6.8% at 44.7 euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.