About You falls on FY guidance cut

ABOUT YOU Holding SE

14/09/2022 07:57

** Shares in About You Holding  YOUG.DE  fall 5.8% in early
Frankfurt trade after the German online fashion retailer cut its
FY guidance citing declining consumer sentiment and worsening
macroeconomic indicators
    ** The company now expects sales to increase by 10%-20% in
2022, compared to a previous forecast of 25%-35%
growth urn:newsml:reuters.com:*:nTUCF2NVF
    ** It also lowered its FY adjusted EBITDA guidance to a loss
of 120–140 million euros (vs. loss of 50–70 million euros
earlier)
    ** Jefferies says the consensus currently expects sales
growth of 28% for FY, as well as adjusted EBITDA loss of 66
million euros
    ** "Consensus will move into new guidance range probably
down double digit. FY 23/24 target now reads very ambitious," a
local trader says


 (Reporting by Bartosz Dabrowski in Gdansk)
 ((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))