FRANKFURT (dpa-AFX) - Business figures from About You boosted the shares of the internet clothing retailer on Thursday and also boosted other sector stocks. The shares of the former SDax company shot up by almost a quarter to 4.92 euros in the morning. They thus tested the downward trend that has been in place since the end of July.

About You had reported an increase in profitability across all segments for the third quarter. The key figures of the online fashion retailer were less bad than feared, wrote analyst Georgina Johanan from JPMorgan in an initial assessment. She spoke of a solid set of figures overall, in which the operating result (EBITDA) stood out positively. Jefferies analyst Henrik Paganetty praised the significant improvements on the cost side.

The positive trend appears to be giving the sector some hope. In the Dax, for example, Zalando recently gained two percent - but this is little consolation for investors, as Zalando was the weakest stock in the leading index in 2023 with a minus of 35 percent and is already bringing up the rear again in the still young stock market year 2024 with a minus of more than ten percent so far.

In the MDax, the shares of fashion tailor Hugo Boss rose by 1.3 percent on Thursday./ajx/bek/mis