Brief: Westwing Group SE Updated FY2022 Guidance For Revenues Between Eur 410 Million And Eur 450 Million

Westwing SE

10/08/2022 18:50

Aug 10 (Reuters) - Westwing Group SE  WEW.DE :
    * DGAP-ADHOC: WESTWING GROUP SE: UPDATED GUIDANCE FOR THE FY
2022
    * EXPECTS REVENUES FOR FY 2022 BETWEEN EUR 410 MILLION AND
EUR 450
MILLION WITH A GROWTH RATE OF -22% TO -14%
    * PLANS FOR AN ADJUSTED EBITDA OF EUR -15 MILLION TO EUR 0
MILLION
AT AN ADJUSTED EBITDA MARGIN BETWEEN -4% AND 0% FOR FY 2022
    * FOR FY 2023 EXPECTS TO RETURN TO BEING AT LEAST FREE CASH
FLOW
NEUTRAL
    * WESTWING - GIVEN MACROECONOMIC CHALLENGES, CO TO NOT
PROVIDE
TIMEFRAME BY WHEN TO ACHIEVE EUR 1BN IN REVENUES , MORE THAN EUR
100 MILLION ADJUSTED EBITDA TARGETS

Source text for Eikon:  ID:nEQ2LBTy0a 
Further company coverage:  WEW.DE 

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