Brief: Westwing Expects FY 2021 Revenue Of EUR 510-550 Million

Westwing SE

30/03/2021 06:22

March 30 (Reuters) - WESTWING GROUP AG  WEW.DE :
    * SAID ON MONDAY, FY 2021 - WESTWING EXPECTS REVENUE OF EUR
510-550 MILLION AND EUR 42-55 MILLION ADJUSTED EBITDA
    * EXPECTS TO GROW FY 2021 REVENUES TO EUR 510-550 MLN AT
18-27%
GROWTH RATE​
    * ‍EXPECTS TO CONTINUE TO GROW PROFITABLY AT 8-10% ADJ
EBITDA
MARGIN IN FY 2021
    * ‍EXPECTS Q1 2021 REVENUE GROWTH OF ABOUT 100% COMPARED TO
Q1
2020 
    * Q1 2021 ADJ EBITDA MARGIN IS EXPECTED TO BE AROUND 14-15%
    * FY ‍REVENUE OF EUR 433 MLN, ACCELERATING ITS GROWTH TO 62%
YEAR-OVER-YEAR
    * REALIZED STRONG PROFITABILITY OF EUR 50 MLN ADJ EBITDA
CORRESPONDING TO AN ADJ EBITDA MARGIN OF 11.5% FOR FY 2020​​

Source text for Eikon:  ID:nEQbN3CDXa 
Further company coverage:  WEW.DE 

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