Zalando raises guidance following About You acquisition
German ecommerce fashion retailer Zalando has raised its full-year profit guidance after a strong second quarter that included the completion of its acquisition of About You.
For the second quarter, Zalando reported a 5% jump in gross merchandise volumes to €4.1bn (£3.57bn), a 7.3% jump in revenues to €2.8bn (£2.44bn) and adjusted profits jumped 6.5% to €186m (£162.2m).
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