(CercleFinance.com) – Zalando shares rose on the Frankfurt Stock Exchange on Thursday, the European number one in online fashion benefiting from its solid performance in the 3rd quarter, which relegated to the background annual forecasts now envisaged at the bottom of fork.
The German group reported this morning an increase of 7.1% to 3.28 billion euros in its business volume in the third quarter, a little above the consensus which aimed for 6%, with a figure revenue which increased by 2.9% to 2.35 billion euros, in line with expectations.
Its adjusted earnings before interest and taxes (Ebit) meanwhile increased to 13.5 million euros, against 9.8 million euros a year earlier, well above the consensus which gave it at five million.
In a press release, the German group explains that the establishment of a minimum order level has enabled it to improve its profitability.
The number of active customers increased by 8% to exceed the 50 million threshold, a first in the group’s history, but the amount of the average basket fell to 56.2 euros, against 57.4 euros a year ago. year.
Zalando maintained its forecast of revenue growth of between 0% and 3% this year, with an adjusted Ebit between 180 and 260 million euros, while specifying that it now expects performance at the bottom of the range.
Zalando shares, which have lost 68% of their value over the past 12 months in an inflationary climate unfavorable to consumer stocks, rose 2.8% after these figures on the Frankfurt Stock Exchange, leading the DAX index of major German stocks.
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