ABOUT YOU stock on the rise: +10 percent after quarterly figures

1/12/2024, 11:00 AM

After the publication of the quarterly report, the ABOUT YOU stock is in demand among investors as a purchasing object.

Eulerpool News Jan 12, 2024, 11:00 AM

The quarterly presentation by ABOUT YOU has delighted investors. After a surprisingly strong performance in the last quarter, the online retailer's stock is at the top of investors' shopping lists. Particularly impressive was the adjusted profit (EBITDA) of 19.8 million euros, which exceeded expectations significantly.

Driver of this strong performance was above all an improved margin. However, experts warn against too much euphoria and stress that this effect cannot be repeated indefinitely. Other companies also rely on strict cost discipline to increase their profits.

The company ABOUT YOU, specializing in online commerce, was able to achieve a turnover of 551.9 million euros in the third quarter of the current fiscal year, which ended on November 30th. This represents an increase of 48 percent compared to the same period last year.

This strong growth is primarily due to the increasing popularity of online shopping. However, despite the positive result, the company warns of potential challenges in the future.

Experts caution to be careful and point out that in the world of online commerce, revenue is the decisive factor. Because only with consistently increasing revenue can companies be successful in the long run.

Delays or setbacks in growth can quickly have a negative impact on the stock price. Therefore, maintaining a strong revenue growth will be of utmost importance for ABOUT YOU in the coming quarters.

The reaction of investors to ABOUT YOU's strong quarterly figures speaks for itself. In XETRA trading, the stock rose by 10.79 percent to 4.42 euros, thus showing a significant jump in price.

However, analysts warn that this euphoria could quickly fade if further positive news from the company does not follow soon. Therefore, increasing revenue is the focus for ABOUT YOU and all other online retailers in order to remain sustainably successful.

Access the world's leading financial data and tools

Subscribe for $2

News