Zalando (ETR:ZAL) told shareholders that its strategy is delivering stronger financial results, even as management acknowledged dissatisfaction with the company’s share price performance.
Speaking at the company’s shareholder meeting, management said the current share price “does not reflect Zalando’s true value and enormous potential,” adding that the company “fully” shares investor frustration. The company pointed to progress in artificial intelligence, the integration of ABOUT YOU, growth in both its consumer and business-to-business operations, and share buybacks as key elements of its plan to create long-term shareholder value.
