Underperforming About You shares jump on 'solid' Q2

ABOUT YOU Holding SE

09/11/2021 08:35

** Shares in About You  YOUG.DE  jump around 4% to 19.1
euros, after the German online fashion retailer posted Q2
results in-line with September preliminaries  urn:newsml:reuters.com:*:nASN001UYT
    ** The company reported Q2 group revenue at EUR 395.6 mln,
up 53.3%, while reiterating its FY revenue guidance of between
EUR 1.73-1.78 bln 
    ** "With the shares ahead of today trading 20% below the IPO
price, we expect this solid set of results to send them higher",
JP Morgan says 
    ** About You shares have so far fallen over 25% since its
IPO in June, when it opened at 25.6 euros
    ** JPM expects consensus to be broadly unchanged post this
update
    ** The stock is among the top movers of the German small-cap
index  .SDAXI  
    


 (Reporting by Elizaveta Gladun in Gdansk)
 ((elizaveta.gladun@thomsonreuters.com))