Brief: Westwing Group Sees FY 2021 Revenue Growth At EUR 522 Mln

Westwing SE

20/01/2022 17:41

Jan 20 (Reuters) - WESTWING GROUP AG  WEW.DE :
    * REPORTS REVENUE GROWTH OF 21% YEAR-OVER-YEAR TO EUR 522
MILLION
WITH A TWO-YEAR GROWTH OF 96% AS IT EXPANDED ITS HIGH-MARGIN
WESTWING COLLECTION IN 2021
    * Q4 CONCLUDED A SUCCESSFUL FY 2021 FOR WESTWING WITH
REVENUE
GROWING TO EUR 522M, RESULTING IN STRONG GROWTH RATE OF 21%
YEAR-OVER-YEAR AND A TWO-YEAR GROWTH RATE OF 96%
    * TOTAL NUMBER OF ACTIVE CUSTOMERS STOOD AT 1.7M AT END OF
FY
2021, 11% UP FROM FY 2020 AND 80% UP FROM FY 2019
    * PROFITABILITY WAS SUPPORTED BY AN INCREASE IN HIGH-MARGIN
WESTWING COLLECTION SHARE, WHICH GREW BY 9 PERCENTAGE POINTS TO
34% OF GROUP GROSS MERCHANDISE VOLUME (GMV) FOR FY 2021
    * WESTWING WILL PUBLISH ITS ANNUAL REPORT FOR FY 2021
INCLUDING
OUTLOOK FOR FY 2022 ON MARCH 29, 2022
    * IN TERMS OF PROFITABILITY IN FY 2021, BASED ON PRELIMINARY
UNAUDITED RESULTS, WESTWING ACHIEVED A STRONG ADJUSTED. EBITDA
MARGIN OF 7.5 - 8.0%

Source text for Eikon:  ID:nEQ6mVV8Qa 
Further company coverage:  WEW.DE 

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