Brief: Westwing Says Expects To End Year 2019 At Lower End Of Updated Guidance Of 6-12% Of Revenue Growth

Westwing SE

25/09/2019 20:56

Sept 25 (Reuters) - Westwing Group AG  WEW.DE :
    * WESTWING GROUP- EXPECTS FY 2019 FREE CASH FLOW TO NOT
EXCEED
OUTFLOWS OF EUR -29 MILLION (PREVIOUSLY: NO LOWER THAN EUR -25
MILLION) 
    * DGAP-NEWS: WESTWING RETURNED TO DOUBLE-DIGIT GROWTH IN Q3
2019
AND CONTINUES INCREASED MARKETING INVESTMENTS
    * WESTWING GROUP AG SAYS WESTWING NOW EXPECTS FY 19 ADJUSTED
EBITDA MARGIN AT AROUND -3.5% WITHIN A RANGE OF ONE PERCENTAGE
POINT
    * WESTWING GROUP AG SAYS WESTWING EXPECTS TO END YEAR 2019
AT
LOWER END OF UPDATED GUIDANCE OF 6-12% OF REVENUE GROWTH
    * WESTWING GROUP AG SAYS WESTWING EXPECTS A POSITIVE
ADJUSTED
EBITDA AND MORE THAN 10% REVENUE GROWTH FOR Q4 OF 2019.
    * WESTWING GROUP - WESTWING WILL CONTINUE HIGHER MARKETING
INVESTMENTS THROUGHOUT Q4 AT UPPER END OF COMPANY'S STRATEGIC
MARKETING RANGE OF 6-9%

Source text for Eikon:  ID:nEQ509Dnja 
Further company coverage:  WEW.DE 

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