Zalando to benefit from growing online fashion industry penetration, market and product expansion.
We are retaining our fair value estimate of EUR 39 for no-moat Zalando as the company reported second-quarter revenue slightly lower than our full-year expectations and forecast sales and earnings on the low end of prior guidance (20%-25% revenue growth and adjusted EBIT of EUR 220 million-EUR 270Â million). This compares with our expectations for 22.6% sales growth and EUR 230 million in operating profit. We expect to adjust our current-year expectations slightly downwards, resulting in low-sin...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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