Zalando: UBS remains Neutral on the stock

(CercleFinance.com) - The group reported a 5.
0% increase in sales to €2.4 billion and adjusted earnings before interest and tax (adjusted EBIT) up from €23 million to €93 million.

The analyst considers gross margin and B2C development to be encouraging.

UBS confirms its Neutral recommendation on the value and leaves its price target unchanged at E27.5.

'Positive gross margin and order fulfillment as well as an improving B2C trend remain the key takeaways today after the pre-release in October' says UBS.

Zalando has confirmed its guidance, which was revised upwards on October 10, 2024, for fiscal 2024. The company expects gross merchandise volume (GMV) to grow between 3% and 5%, sales between 2% and 5% and adjusted EBIT between 440 and 480 million euros.

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