Report rally for Zalando meets expectations

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Report rally for Zalando meets expectations
Photo: Oscar Olsson/TT

Zalando reports fourth-quarter operating profit of 262.1 million euros, compared with an average analyst forecast of 251.5 million euros, according to Bloomberg.

The turnover was 4.07 billion euros, compared with an average forecast of 4.04 billion euros.

For the new financial year, which began in February, Zalando expects adjusted profit of 660-740 million euros. This compares with the average forecast of 679 million euros.

Sales are expected to increase by 12-17 percent, according to Zalando.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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