Brief: Westwing FY 2021 Revenue At EUR 522 Mln

Westwing SE

29/03/2022 07:09

March 29 (Reuters) - WESTWING GROUP SE  WEW.DE :
    * REPORTS PROFITABLE GROWTH FOR FY 2021: EUR 522M REVENUE AT
21%
GROWTH YOY AND EUR 40M ADJUSTED. EBITDA AT 7.7% ADJUSTED. EBITDA
MARGIN 2021
    * STRONG NET CASH POSITION OF EUR 97M PER END OF FY 2021
PROVIDING
STRATEGIC OPTIONALITY
    * FY GENERATED EUR 40M PROFITS AMID SUPPLY CHAIN HEADWINDS
AND
INCREASED GROWTH INVESTMENTS IN SECOND HALF OF 2021 AT AN
ADJUSTED. EBITDA MARGIN OF 7.7% FOR FY 2021
    * OUTLOOK 2022: FORECASTS FY 2022 REVENUE BETWEEN EUR 460M
AND EUR
540M WITH A GROWTH RATE OF -12% TO 3%
    * TOTAL NUMBER OF ACTIVE CUSTOMERS GREW TO 1.7M,
REPRESENTING A
GROWTH OF 11% COMPARED TO END OF 2020
    * OUTLOOK 2022: FORECASTS AN ADJUSTED. EBITDA BETWEEN EUR
-9M AND
EUR +16M AT AN ADJUSTED
    * OUTLOOK 2022: EBITDA MARGIN IN RANGE OF -2% TO +3%, ALSO
EXPECTED TO BE SIGNIFICANTLY MORE POSITIVE IN SECOND HALF OF
2022 VERSUS. FIRST HALF OF 2022
    * WITH REGARDS TO PROFITABILITY, WESTWING REALIZED EUR 40M
IN
ADJUSTED. EBITDA IN FY 2021

Source text for Eikon:  ID:nEQ6jggVTa 
Further company coverage:  WEW.DE 

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