By  on August 7, 2018

BERLIN — Zalando lowered its sales and profit outlook for the full year after second-quarter sales came in below expectations, despite a record number of active customers and orders during the period.

Group sales rose 20.9 percent to 1.33 billion euros, while adjusted earnings before interest and taxes, or EBIT, gained 14.9 percent to reach 94 million euros. The Berlin-based e-tailer said second-quarter net income rose 4.2 percent to 51.8 million euros.

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