Zalando : Yet another profit and sales warning; we expect margin compression to continue into 2019e
>Zalando lowers its full-year 2018 sales and profit guidance for a second time - For a second time, Zalando has lowered its sales and profit guidance for 2018. It now expects revenue growth around the low end of its 20-25% target growth corridor (previously: lower half) and lowered its EBIT guidance to a range of € 150-190m (previously at the low end of a range of € 2201e270m). The company attributed the shortfall to challenging market conditions (reduced consumer dema...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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