Zalando : Q3 2018 preview: We expect top-line growth slightly below consensus, lowering our full-year 2018e sales estimate
>Expecting Q3 2018e sales below consensus - Zalando will report its Q3 2018 results on 06 November 2018. After a rather disappointing top-line performance in Q2 2018 (up +21% yoy vs. 24% expected by Oddo BHF and consensus), we believe that the weather and structural issues (increasing competition) continued to weigh on growth in Q3 18e. We forecast for Zalando Q3 2018e group sales growth of 12.5% yoy vs the consensus growth estimate of 13.7% (compiled by company). Our...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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