© Reuters. FILE PHOTO: The logo of fashion retailer Zalando is pictured in Berlin, Germany, April 10, 2019. REUTERS/Hannibal Hanschke
FRANKFURT (Reuters) – Zalando, Europe’s biggest online fashion retailer, said it now expects its full-year revenues and operating profit to reach the lower end of its target range as it reported quarterly financial results.
In the third quarter, it posted revenue growth of 2.9% from the same quarter last year to 2.35 billion euros ($2.31 billion), with adjusted group earnings before interest and tax (EBIT) of 13.5 million euros, up from 9.8 million euros.
($1 = 1.0180 euros)
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