FRANKFURT (dpa-AFX Broker) – On Tuesday, ABOUT YOU shares almost completely lost the price gains they had made in the first days of the new stock market year. In early trading, the titles of the online fashion retailer, which had been relegated from the SDAX small-cap index in December, lost almost 17 percent to EUR 6.12. In the first week of January they had climbed to their highest level since August 2022 at EUR 7.65.

    About You continues to struggle with the difficult inflationary market environment and weak consumer sentiment. Although the Hanseatic companies were able to continue to grow in their third business quarter, they slipped deeper into the red compared to the previous year.

    In a first reaction to the figures, JPMorgan analyst Georgina Johanan wrote that the growth in the company’s forecast for the full fiscal year in the final quarter was below the average estimates on the market – despite the weak comparative figures from the previous year. She also described the business development in December as mixed. However, it is encouraging that measures have been taken to support earnings and longer-term growth initiatives are continuing./ajx/tih

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