Brief: Westwing Group Raises Guidance For 2020

Westwing SE

20/10/2020 06:38

Oct 20 (Reuters) - Westwing Group AG  WEW.DE :
    * SAID ON MONDAY IT PUBLISHED PRELIMINARY INDICATIONS FOR Q3
2020
RESULTS AND RAISED GUIDANCE FOR THE FY 2020
    * ("WESTWING") RAISES ITS GUIDANCE FOR FY 2020 DUE TO A
STRONG Q3
2020 AND ONGOING ELEVATED DEMAND LEVELS.
    * NOW EXPECTS 2020 REVENUE TO BE IN THE RANGE FROM EUR 415M
TO EUR
440M, A 55-65% GROWTH COMPARED TO FY 2019 (PREVIOUSLY: 40-50%)
    * ADJUSTED EBITDA MARGIN FOR THE FULL YEAR 2020 IS NOW
EXPECTED TO
BE BETWEEN 9% AND 11% (PREVIOUSLY: 6-8%) AND ABSOLUTE ADJUSTED
EBITDA BETWEEN EUR 37M AND EUR 48M.
    * BASED ON PRELIMINARY INDICATIONS, Q3 2020 REVENUE GREW BY
C. 66%
COMPARED TO Q3 2019

Source text for Eikon:  ID:nEQ1yPmp1a 
Further company coverage:  WEW.DE 

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