Despite good fundamentals, Zalando’s negative share price performance in the last few months was largely driven by concerns around agentic commerce. In this report, we show that agentic commerce provides opportunities for Zalando such as faster-growing online penetration in European fashion, Zalando becoming the preferred partner of agents, and lower costs. We also look at possible impact on operating margin under different scenarios (from +100bp to -140bp dependingon the role of the agent ). Ov...
SES plans to issue SPACE notes and launches a tender on the PerpCall26 notes|Worldline : launch of the € 392m rights issue|airBaltic: EBITDAR guidance missed as expected; fuel costs put further pressure into the business|S&P upgrades AXA's ratings from AA-/positive to AA/stable|
SES compte émettre des obligations SPACE et lance un tender sur les obligations PerpCall26|Worldline : lancement de l’augmentation de capital avec DPS de 392 m EUR|airBaltic: EBITDAR guidance missed as expected; fuel costs put further pressure into the business|S&P relève les notations d’AXA de AA-/positive à AA/stable|
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