Zalando cuts full year outlook

Zalando SE has announced that as extended and unusually hot summer period and a delayed switch to the fall/winter season weigh on revenue growth and adjusted EBIT, the company is revising its guidance for 2018. For the fiscal year 2018, Zalando now expects revenue growth around the low end of its 20-25 percent target growth corridor (previously: in the lower half of such corridor) and an adjusted EBIT of 150-190 million euros (previously: at the low end of a 220-270 million euros target range).