Germany

Zalando: more profit, but lower trading volume

Zalando: more profit, but lower trading volume

Zalando reported an 87 percent surge in adjusted earnings before interest and tax (adjusted EBIT) in the second quarter. On the other hand, the value of the trading volume declined by two percent to 3,7 billion euros. Because of these results, the platform expects the adjusted EBIT in 2023 to be 300 million euros to 350 million euros.

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DHL acquires Turkish parcel delivery provider MNG Kargo

DHL acquires Turkish parcel delivery provider MNG Kargo

DHL Group has signed an agreement to acquire 100 percent of MNG Kargo, one of the leading parcel service providers in Turkey. According to DHL, the acquisition secures a leading position in the domestic parcel market. “MNG Kargo complements our business portfolio and will help to strengthen our position in this sector”, CEO Tobias Meyer says.

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