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The Economic Times
The Economic Times

Klarna trims full-year revenue, volume outlook as German retail weakens

Klarna, the Swedish "buy now, pay later" services ‌provider and ⁠online bank, ⁠cut its full-year volume and revenue forecast on Tuesday, citing conditions in Germany, its ​largest market, sending its shares down 17% in premarket trading.

The guidance overshadowed its ​surprise second-quarter profit, while analysts had expected a net loss, helped by growth in its U.S. markets.

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