Brief: Westwing Group Q1 Revenue At EUR 61 Mln

Westwing SE

07/05/2019 06:56

May 7 (Reuters) - WESTWING GROUP AG  WEW.DE :
    * REPORTS RESULTS FOR THE FIRST QUARTER OF 2019 AND REVISES
GUIDANCE FOR FISCAL YEAR 2019
    * REVENUE AT EUR 61M WITH GROWTH OF -1% IN Q1 OF 2019
    * REVISED GUIDANCE FOR FISCAL YEAR 2019
    * OUTLOOK 2019: ADJUSTED EBITDA TO COME IN SLIGHTLY LOWER AT
AROUND 0% (WITHIN A RANGE OF -1% TO +1%) DUE TO LOWER EXPECTED
REVENUE GROWTH
    * WE NOW EXPECT 2019 REVENUE GROWTH OF 6-12% (PREVIOUSLY: IN
LINE
WITH 2018 LEVELS, I.E. WITHIN A RANGE OF 2 TO 3 PERCENTAGE
POINTS OF 16%)
    * Q1 ADJUSTED. EBITDA MARGIN WAS -6%

Source text for Eikon:  ID:nEQ9h6TFna 
Further company coverage:  WEW.DE 

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