Guidance cut sinks Fashionette shares to record low

Platform SE & Co KgaA

27/08/2021 08:31

** Shares in Fashionette  FSNT.DE  fall 18%, hitting their
record low, after the German online retailer cut its 2021
guidance, citing temporary logistical challenges caused by the
migration to a new logistics partner
    ** Fashionette now expects net revenue to come in at about
133-143 million euros ($156-168 million) vs previously 141-150
million euros
    ** It also sees adj. EBITDA to reach about 3.3-4.3 million
euros from previously forecast 5.0-6.9 million euros
 urn:newsml:reuters.com:*:nASN001LCG
    ** The stock, which listed last October on Frankfurt stock
exchange at 29 euros, is now trading at 23.8 euros per share
 urn:newsml:reuters.com:*:nFWN2HK0Q2


($1 = 0.8503 euros)

 (Reporting by Linda Pasquini)
 ((Linda.pasquini@thomsonreuters.com))