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Zalando expects its FY results to be at the lower end of its target range.
As it reported its quarterly financial results, Zalando, which is Europe’s largest online clothing store, said it now expects its full-year sales and operating profit to be at the lower end of its target range.
Its sales grew by 2.9% from the same time last year to 2.35 billion euros ($2.31 billion) in the third quarter, and its adjusted group earnings before interest and taxes (EBIT) went up from 9.8 million euros to 13.5 million euros.
($1 = 1.0180 euros)