(New: course development, analyst comment)
Frankfurt (dpa -AfX) – After a strong price gains for the trade start, the Zalando shares turned into the minus on Wednesday. With a discount from a good five percent to just under 24 euros, they were one of the weakest titles in a slightly increasing leading index Dax. The share certificates had won vigorously at the opening.
The online retailer Zalando calculated the takeover of About You after a strong second quarter. After completing the transaction in mid -July, sales of 12.1 to 12.4 billion euros and an adjusted result before interest and taxes from 550 to 600 million euros were to be expected in 2025. Zalando could rely on a strong development in the first half of the year. In addition, further efficiency gains in the costs and the first synergies can be expected in the second half of the year, it continued.
Analyst Georgina Johanan from US bank JPMorgan pointed out that management was confident that the gross star value in the third quarter in the middle single-digit percentage range was confident. This suggests a better online trade than previously expected.
However, the expert gave the recent development of profitability disappointing. “It could be difficult for the share price to end the day significantly higher,” her pre -exchanged course forecast was.
The assessment of Adam Cochranes from Deutsche Bank was similar: “We expect course gains at the opening after the surprisingly increased outlook, which then disappear in view of the condition of the business in the second half of the year”. The gross margin decreased in the second quarter due to higher discounts. This and more careful sales forecast did not expect anything good for the second half of the year./Bek/la/jha/
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