ZALANDO SELL | EUR21 Decent Q3 to be overshadowed by persisting downside on FY 2023
º Good month in September preserving Q3 growthLimited EBIT margin decline thanks to cost efforts
Zalando still eyeing low end of FY guidance, but not us
FY 2023 set to be another sluggish year for both sales and EBIT
Zalando is an e-commerce group based in Germany. Co. is engaged in the online retailing of clothing, shoes and accessories for women, men and children. Co.'s product offering include more than 1,500 brands, including global and local brands, as well as private labels, including shoes, clothing and accessores as well as sportswear and homeware designed especially for the Co. The Co.'s product offering is complimented by the Zalando Lounge and Zalon apps, which provides registered members special offers at discounted prices. Co. also provides a combination of services that include free delivery and returns.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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