Brief: BaFin - Westwing Underreported 2019 Consolidated Net Income By EUR 1 Mln

Westwing SE

28/03/2022 11:20

March 28 (Reuters) - BAFIN: 
    * GERMAN FINANCIAL REPORTING ENFORCEMENT PANEL (FREP) HAS
DETERMINED THAT THE CONSOLIDATED FINANCIAL STATEMENTS OF
WESTWING AS OF THE REPORTING DATE OF DECEMBER 31, 2019 ARE
INCORRECT
    * CONSOLIDATED NET INCOME FOR THE 2019 FINANCIAL YEAR IS
REPORTED
TOO LOW BY EUR 1.0 MLN, AS EXPENSES FROM SHARE-BASED PAYMENTS
ATTRIBUTABLE TO THIS AMOUNT CONTINUED TO BE RECOGNISED DESPITE
THE EXPIRY OF OPTIONS DUE TO THE DEPARTURE OF EMPLOYEES FROM THE
GROUP AND THE SALE OF TWO SUBSIDIARIES

Further company coverage:  WEW.DE 

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