Zalando's FY profit to exceed own target, shares rise

ABOUT YOU Holding SE

16/01/2025 06:50

** Shares in Zalando  ZALG.DE  are indicated up 7.6% in Lang
& Schwarz premarket trade after the German online retailer said
on Wednesday it expected its profit for 2024 to be above its own
forecasts after better-than-expected Q4 results
    ** "A positive unscheduled update," analysts at J.P. Morgan
say, highlighting that Q4 implied EBIT of 218 million euros 
($224.19 million) was about 10% above the broker's estimates for
the quarter
    ** The broker expects shares to move higher given the Q4
EBIT beat
    ** It raises its forecast for FY 2025 EBIT by 2% to 563
million euros, which would imply a 10% growth on the year
    ** JPM however sees "risks as finely balanced", especially
in sight of the integration of the proposed acquisition of About
You  YOUG.DE  


($1 = 0.9724 euros)

 (Reporting by Linda Pasquini)
 ((Linda.pasquini@thomsonreuters.com))