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German Web Fashion Retailer Zalando Turns Profit Before IPO

Zalando SE, Europe’s largest online shoe and fashion retailer, reported a second-quarter profit of 35 million euros ($46 million), giving investors more evidence the company is controlling costs ahead of a potential initial public offering.

Earnings before interest and taxes broke into the black compared with a loss of 31 million euros in the year-earlier period, boosted by more returning customers and lower marketing costs. Sales rose 25 percent to 546 million euros.