The future of e-commerce

Sources: Shein had sales of nearly 98 billion in Q1

Shein's net profit rose to over 400 million dollars while revenue landed at almost 10 billion dollars. This corresponds to 3.9 and nearly 98 billion kronor respectively. According to sources to Bloomberg, the e-commerce giant's customers stocked up on goods ahead of Donald Trump's tariffs.

However, Shein has denied the information but does not go into any details.

According to FT's sources, Shein's net profit was 1 billion dollars for the full year 2024. Revenue was stated to be 38 billion dollars.

The company is not listed. However, discussions about an IPO in London or China have been rife for several years.

The flood of reports
Premium seats and cheap oil boosted Air France-KLM's interim results

Air France-KLM reported higher sales and profits in the second quarter than expected, according to the group's latest interim results. Operating profit increased by 43 percent compared to the same period last year.

An updated business model with more premium airline seats boosted results and compensated for the significantly lower prices in the back seats of flights. Cheaper oil prices also helped keep costs under control.

The share rises just over 6 percent in trading on the Paris Stock Exchange.

Shell defies shaky market – better results than expected

British Shell reported a better-than-expected adjusted result in the second quarter, despite lower global oil and gas prices. This is evident from this morning's interim results.

However, the result fell 32 percent compared to the same period last year. Sales also decreased by 9 percent.

Shell CEO Wael Sawan said the company was affected by “a less favorable macro environment.”

Second quarter

Adjusted profit: $4.26 billion
2024: $6.29 billion

Net debt: $43.2 billion
2024: $41.5 billion