Zalando Posts Q1 Profit, Lifts Outlook

reported a profit in the first quarter and lifted its full-year guidance. The company posted a quarterly net profit of 24.3 million euros ($27.1 million), versus a year-ago loss of EUR28.9 million. Its revenue climbed 29 percent to EUR643.6 million. Zalando now expects full-year adjusted earnings before interest and tax margin of about 4.5 percent. The company projects revenue growth to be at the upper end of the 20 percent to 25 percent guidance range in March, or slightly above.