Edition:
India

Zalando does not expect profitability rises for years


Monday, 4 Jun 2018 

June 4 (Reuters) - Zalando SE ::CO-CEO SEES OPPORTUNITIES TO EXPAND TO FURTHER COUNTRIES AT SOME POINT, CITES PORTUGAL, EASTERN EUROPE.CO-CEO SAYS BREXIT HAS HELD IT BACK FROM MAKING BIGGER INVESTMENT IN BRITAIN.CO-CEO SAYS WILL NOT SEE INCREASES IN PROFITABILITY IN COMING YEARS.CO-CEO SAYS STICKS TO LONG-TERM MARGIN TARGET OF 10 PERCENT BUT PUSHES IT FURTHER OUT.CO-CEO SAYS RETURN RATE HAS INCREASED SINCE IPO BUT STILL MANAGES TO OPERATE PROFITABLY.CO-CEO SAYS MORE RECENTLY RETURN RATE HAS BEEN STABLE OR EVEN FALLING. 

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