Zalando: UBS reiterates buy rating
(CercleFinance.com) - The analyst believes that Q1 results are broadly in line but says that the FY 2022 guidance, implying a decline in adjusted EBIT.
The company Zalando expects adjusted EBIT to be at the lower end of a range of 430 to 510 million euros.
Following this announcement, UBS confirms its buy rating on the stock with a target price of 87 euros.
"Revenue was -1.5% yoy (in-line with UBSe -1.5%) and adj EBIT was -EUR51.8m (in-line with UBSe -EUR51.4m). By region, DACH revenue was slightly (-1.6%) below our forecast," the analyst said.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The company Zalando expects adjusted EBIT to be at the lower end of a range of 430 to 510 million euros.
Following this announcement, UBS confirms its buy rating on the stock with a target price of 87 euros.
"Revenue was -1.5% yoy (in-line with UBSe -1.5%) and adj EBIT was -EUR51.8m (in-line with UBSe -EUR51.4m). By region, DACH revenue was slightly (-1.6%) below our forecast," the analyst said.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.