Zalando : Momentum to decelerate in Q3 2021
>Top-line growth to decelerate in Q3 2021 after strong H1 2021. H2 to be the better half in 2022 as comparatives are tough in H1 - After reporting a 40% increase y-o-y in GMV for Q2, we expect lower top-line growth in Q3 2021. GMV should increase 24% y-o-y in Q3 as the start of the autumn/winter season was delayed. We forecast revenue to increase 20% y-o-y and adjusted EBIT should come in at € 8m, implying an adjusted EBIT margin of 0.4% in Q3 2021. Taking this into...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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