Zalando Archive

Zalando Raises Full-Year Forecast After Third-Quarter Profit

BERLIN, Germany — Online apparel retailer Zalando SE raised its full-year forecast after it made an unexpected profit before interest and tax in the third quarter. Zalando said the operating margin should be 5 percent to 6 percent in 2016 in a statement released late Tuesday, compared with a previous range of 4 percent to 5.5 percent. Earnings before interest and tax were €8 million …

Zalando Confirms Earnings Boost From Efficiency and New Brands

FRANKFURT, Germany — Zalando SE boosted earnings as the online apparel retailer added new brands like Kate Spade and got more bang for its marketing buck. Adjusted earnings before interest and taxes amounted to €80.9 million ($90.3 million) in the second quarter, Berlin-based Zalando said in a statement Thursday. That compares with €30.2 million a year earlier. The company said July 19 that earnings would …