Brief: Westwing Group FY 2020 Adj. EBITDA Expected Around Upper End Of EUR 37-48 Mln

Westwing SE

14/01/2021 17:19

Jan 14 (Reuters) - WESTWING GROUP AG  WEW.DE :
    * TRADING UPDATE: FY 2020 GMV GROWING TO EUR 502M; Q4 Y-O-Y
GROWTH
ACCELERATING TO 79%; ADJUSTED EBITDA EXPECTED AROUND THE UPPER
END OF EUR 37-48M FY 2020 GUIDANCE
    * NUMBER OF ACTIVE CUSTOMERS SOARED TO 1.5 MILLION PER END
OF FY
2020 (+61% YEAR-OVER-YEAR)
    * FY 2020  GROSS MERCHANDISE VOLUME (GMV) GROWING BY 62%
YEAR-OVER-YEAR TO EUR 502M
    * MANAGEMENT EXPECTS TO END UP AROUND UPPER END OF FULL YEAR
ADJUSTED EBITDA GUIDANCE (9-11% ADJUSTED EBITDA MARGIN, EUR
37-48M ADJUSTED EBITDA) IN FY 2020

Source text for Eikon:  ID:nEQ77YXM7a 
Further company coverage:  WEW.DE 

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