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Zalando swings to profit in Q3

4915449 said its third-quarter normalized net income amounted to 2 euro cents per share, compared with a loss of 9 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €5.9 million, compared with a loss of €21.3 million in the year-earlier period.

The normalized profit margin climbed to 0.7% from negative 3.0% in the year-earlier period.

Total revenue climbed 17.1% on an annual basis to €834.8 million from €713.1 million, and total operating expenses increased 11.0% on an annual basis to €822.2 million from €741.0 million.

eported net income came to €5.2 million, or 2 cents per share, compared to a loss of €29.6 million, or a loss of 12 cents per share, in the prior-year period.Zalando SE

4915449 said its third-quarter normalized net income amounted to 2 euro cents per share, compared with a loss of 9 cents per share in the prior-year period.