Brief: Westwing Q2 Revenue Up At EUR 111 Mln

Westwing SE

13/08/2020 07:06

Aug 13 (Reuters) - WESTWING GROUP AG  WEW.DE :
    * REPORTS VERY STRONG Q2 2020 RESULTS BASED ON ACCELERATED
SHIFT
TO ECOMMERCE; 91% REVENUE GROWTH AND GENERATING EUR 23M FREE
CASH FLOW
    * DGAP-NEWS: WESTWING REPORTS VERY STRONG Q2 2020 RESULTS
BASED ON
ACCELERATED SHIFT TO ECOMMERCE; 91% REVENUE GROWTH AND
GENERATING EUR 23M FREE CASH FLOW
    * STRONG Q2 FINANCIAL RESULTS: REVENUE GROWTH OF 91%,
ADJUSTED
EBITDA MARGIN OF 13.2%, AND EUR 23M FREE CASH FLOW GENERATION
(LAST TWELVE MONTHS FREE CASH FLOW MARGIN AT 6%)
    * WESTWING EXPECTS 25-35% REVENUE GROWTH AT 3-5% ADJUSTED
EBITDA
MARGIN FOR FULL YEAR 2020
    * IN LIGHT OF LOW VISIBILITY FOR COMING MONTHS, CURRENT
GROWTH
RATES SHOULD NOT BE EXTRAPOLATED FOR REMAINDER OF YEAR
    * IS EXPECTED TO CLEARLY BENEFIT FROM RECENT ECOMMERCE
ACCELERATION SHORT-TERM AS WELL AS LONG-TERM

Source text for Eikon:  ID:nEQ4bg4YJa 
Further company coverage:  WEW.DE 

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