Zeekr's Lynk & Co Brand Likely to See Improving Profitability in 4Q -- Market Talk

Dow Jones12-04

0754 GMT - Zeekr Intelligent Technology's Lynk & Co brand's profitability will likely improve sequentially in 4Q, Deustche Bank analyst Bin Wang writes in a note. The company guides that the overall Lynk & Co brand will reach a positive bottom line supported by a higher sales volume and lower impairment losses from the European operation, he adds. The brand suffered a loss in Europe while its domestic operation was profitable in China for 2024. Now that the Lynk & Co brand has changed to retail sales through third-party dealers in Europe, its earnings could improve on more new stores, Wang adds. DB maintains a buy rating for the stock. Shares last closed at $24.26. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

December 04, 2024 02:54 ET (07:54 GMT)

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Now that the Lynk &amp; Co brand has changed to retail sales through third-party dealers in Europe, its earnings could improve on more new stores, Wang adds. DB maintains a buy rating for the stock. Shares last closed at $24.26. 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