Zalando rises after it reports Q3 sales beat, higher GMV

** Shares in Zalando ZAL rise around 6% after it reported higher growth in Q3

** Deutsche Bank analysts point to Q3 sales beating estimates and a better mix, despite EBIT coming in line with expectations

** Q3 gross merchandise volume, a key revenue metric measuring the value of all goods sold, rose 21.6% to 4.2 billion euros ($4.9 billion)

** "Although we do not know how the underlying Zalando business performed, this is still likely to be at the higher end of expectations," DB says

** Analysts at Jefferies point to an "impressive re-acceleration of GMV and revenue growth", possibly broad-based across geographies and businesses

** "Given the recent weakness in the shares (dragged in part by German clothing market data) and softening expectations on the Q4 top line, we expect some relief today," analysts at J.P.Morgan say

** Zalando's shares have lost 30% of their value so far this year

($1 = 0.8575 euros)