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Zalando lifts profit outlook as ecommerce boom continues

Tan KW
Publish date: Thu, 05 Aug 2021, 04:23 PM
Tan KW
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Future Tech

BERLIN - German online fashion retailer Zalando said on Thursday it expects 2021 operating profit to come in at the upper end of its forecast range as sales rose 34% in the second quarter even as coronavirus lockdowns end.

Second-quarter sales came in at 2.73 billion euros ($3.24 billion) and adjusted operating profit at 184.1 million euros, both in line with average analyst forecasts.

Zalando said it expects full-year sales to grow 26-31% to 10.1-10.5 billion euros and adjusted earnings before interest and taxation (EBIT) to now reach the upper half of the guided 400-475 million euros range.

 


  - Reuters

 

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