Brief: Westwing Expects Q2 Adjusted EBITDA Margin To Be Between 12-14%

Westwing SE

16/07/2020 16:54

July 16 (Reuters) - WESTWING GROUP AG  WEW.DE :
    * PRELIMINARY INDICATIONS FOR Q2 2020 RESULTS AND UPDATED
GUIDANCE
FOR FY 2020
    * A VERY STRONG Q2 2020 WITH REVENUE GROWING BY C. 90%
COMPARED TO
Q2 2019
    * ADJUSTED EBITDA MARGIN Q2 2020 IS EXPECTED TO BE BETWEEN
12-14%,
A SIGNIFICANT IMPROVEMENT OF AT LEAST 20%PTS COMPARED TO
PREVIOUS YEAR (Q2 2019: ADJUSTED EBITDA MARGIN -8.5%)
    * EXPECTS 25-35% REVENUE GROWTH COMPARED TO FY 2019
(PREVIOUSLY:
5-10%) AND AN ADJUSTED EBITDA MARGIN OF 3-5% (PREVIOUSLY:
MODERATELY BETTER THAN FY 2019 WHERE ADJUSTED EBITDA MARGIN WAS
AT -3.8%) FOR FULL YEAR 2020

Source text for Eikon:  ID:nEQ4ctfrQa 
Further company coverage:  WEW.DE 

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