- Prachi Singh |
Shares of Zalando, one of the leading online retailers in Europe, will join the MDAX index of German mid-cap stocks post stock market closing on June 19, 2015. Zalando SE was listed on the Frankfurt Stock Exchange on 1 October 2014 and gained inclusion in the SDAX index of German small-caps last December. Membership in the MDAX means Zalando will now be traded in the German Stock Exchange's second most important equity index.
“We're extremely pleased that the MDAX inclusion has now become a reality so soon after our IPO. Joining the index of the 50 most important German mid-caps underlines the progress of our business and the interest in our stock,” said Rubin Ritter, member of the Zalando management board.
Zalando continued on its profitable growth path in the first quarter of 2015 with 28.5 percent increase in revenues and thereby exceeded the expected target corridor of 20-25 percent. On the back of the best first quarter results, the company now expects revenue growth for the financial year 2015 to come in on the higher end of its 20-25 percent target corridor, or slightly above.