Brief: Westwing Q3 Revenue Up 66% At EUR 99 Mln

Westwing SE

10/11/2020 07:03

Nov 10 (Reuters) - WESTWING GROUP AG  WEW.DE :
    * REPORTS VERY STRONG Q3 2020 RESULTS BASED ON A CONTINUED
ACCELERATED SHIFT TOWARDS ECOMMERCE; 66% REVENUE GROWTH AND 11%
ADJUSTED EBITDA MARGIN
    * Q3 REVENUE GREW BY 66% YEAR-OVER-YEAR TO EUR 99M AND
ADJUSTED
EBITDA MARGIN IMPROVED BY 18%PTS TO 10.9% (Q3 2019 -7.1%)
    * OUTLOOK FOR REMAINDER OF 2020 REMAINS POSITIVE, AS
Q4-TO-DATE
GMV GROWTH RATES ACCELERATED COMPARED TO Q3
    * REVENUE GROWTH OF 66%
    * Q3 REVENUE GROWTH OF 66%
    * Q3 ADJUSTED EBITDA MARGIN OF 10.9%

Source text for Eikon:  ID:nEQ1PvRKna 
Further company coverage:  WEW.DE 

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