DB, JPM start About You with 'buy' on B2B biz potential

ABOUT YOU Holding SE

26/07/2021 08:21

** Deutsche Bank and JP Morgan initiate online fashion
retailer About You  YOUG.DE  with a "buy" and "overweight"
rating, respectively
    ** DB and JPM point to the potential of the group's B2B TME
(Tech, Media, and Enabling) business which offers a copy of
About You's online commerce platform to other brands and
retailers
    ** JP Morgan also flags the group's strong technology
foundation and use of data
    ** DB says About You is one of the fastest growing fashion
e-commerce players in Europe and sees room to grow as online
transition continues and the group enters new markets
    ** DB expects the group to achieve break-even on adj. EBITDA
basis by FY 2024, while JPM forecasts the company to reach
profitability that year 

 (Reporting by Veronica Snoj;)
 ((veronica.snoj@tr.com))