Brief: Westwing Group FY Revenue Up At EUR 267 Mln

Westwing SE

19/03/2020 07:03

March 19 (Reuters) - WESTWING GROUP AG  WEW.DE :
    * ENDS FY 2019 WITH 949,000 ACTIVE CUSTOMERS; DOUBLE-DIGIT,
PROFITABLE GROWTH IN THE FOURTH QUARTER
    * Q4 WITH PROFITABLE GROWTH: 12% REVENUE GROWTH AND 3%
ADJUSTED
EBITDA
    * OUTLOOK 2020: FOCUS ON CUSTOMER GROWTH AND MITIGATING
IMPACT OF
COVID-19 SITUATION
    * OUTLOOK 2020: REVENUE GROWTH OF 5-10% EXPECTED; ADJUSTED
EBITDA
EXPECTED TO BE MODERATELY BETTER THAN 2019
    * RETURNING TO PROFITABILITY BY 2021
    * GUIDANCE EXCLUDES ANY POTENTIAL IMPACT OF EVOLVING
COVID-19
SITUATION
    * THIS OUTLOOK IS SUBJECT TO FURTHER DEVELOPMENT OF COVID-19
SITUATION
    * FY REVENUE INCREASED BY 5% TO EUR 267M (FY 2018: EUR 254M)
AND
ADJUSTED EBITDA MARGIN WAS -4% (FY 2018: 1%)

Source text for Eikon:  ID:nEQ4M5hG5a 
Further company coverage:  WEW.DE 

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