Zalando: UBS remains neutral despite forecasts
(CercleFinance.com) - UBS believes that the first signs of a B2C-led recovery are visible.
Q2 sales beat expectations and show signs of recovery.
The analyst confirms his neutral recommendation on the stock, with a target price of E26.
Encouraging signs of B2C recovery in the second quarter point to a short-term upside. We remain neutral until we see further evidence of sales growth, UBS says.
Zalando reported higher sales and adjusted EBIT than in other quarters, with a sequential improvement in active customers. Forecasts for the fiscal year have been reiterated, UBS adds.
Zalando has confirmed its FY 2024 forecasts and expects GMV and sales to increase by 0% to 5% this year compared with 2023.
The company will continue to focus on profitable growth, with margins rising steadily. Adjusted EBIT is expected between E380m and E450m, management said.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Q2 sales beat expectations and show signs of recovery.
The analyst confirms his neutral recommendation on the stock, with a target price of E26.
Encouraging signs of B2C recovery in the second quarter point to a short-term upside. We remain neutral until we see further evidence of sales growth, UBS says.
Zalando reported higher sales and adjusted EBIT than in other quarters, with a sequential improvement in active customers. Forecasts for the fiscal year have been reiterated, UBS adds.
Zalando has confirmed its FY 2024 forecasts and expects GMV and sales to increase by 0% to 5% this year compared with 2023.
The company will continue to focus on profitable growth, with margins rising steadily. Adjusted EBIT is expected between E380m and E450m, management said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.