The group, which operates fashion marketplaces such as The Iconic and Lamoda in emerging markets, expects to break even for the second quarter in a row with an adjusted EBITDA of €9.5m (£8.6m).

Sales in the quarter jumped 11.3% to €336.1m (£302.9m) and net merchandise value grew 22.8% year on year to €488.3m (£440.2m).