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
Created by Tan KW | Aug 11, 2024
Created by Tan KW | Aug 10, 2024
Created by Tan KW | Aug 10, 2024