Klarna trims full-year revenue, volume outlook as German retail weakens

Klarna has downgraded its revenue target for the year following unfavourable currency shifts and reduced activity from softer European volumes. The Swedish fintech unicorn said it expects to make between $4.08bn and $4.16bn for the current financial year, down from its previous…

Klarna has adjusted its full-year volume and revenue forecasts downwards, citing difficulties in the German market. This decision resulted in a notable decrease in the company's shares during premarket trading. Nonetheless, a surprising profit in the second quarter was reported,…