FRANKFURT (dpa-AFX Broker) - Zalando investors struggled to analyze the quarterly report on Tuesday. In Tradegate trading, the shares initially fell compared to the Xetra close, but then turned around to gain 0.7 percent. Overall, the results painted a mixed picture. However, the online fashion retailer was somewhat more profitable in the first quarter thanks to its cost-cutting measures.

According to Baader Bank expert Volker Bosse, Zalando had a weak start to the year, characterized by the weak economic situation in Germany and poor consumer sentiment. The development of sales and gross merchandise volume was poor, as expected. There were positive comments on the adjusted operating result, which was slightly better than expected. According to Bosse, it was "better than feared"./tih/mis