Westwing heads for worst day in 16 months on "not good" Q3 earnings

Westwing SE

11/11/2021 09:04

** Shares in Westwing  WEW.DE  slump almost 18% after the
German company specialized in home and living e-commerce sector
reported weak Q3 results  urn:newsml:reuters.com:*:nL8N2S229J
    ** The company posted Q3 revenues of EUR 103 mln ($119
million), and adj. EBITDA loss of EUR 0.4 mln 
    ** "Earnings were not good," a trader says
    ** Westwing says there remains a risk of profitability
guidance revision due to ongoing supply chain disruptions 
    ** It now expects adj. EBITDA at the lower end of EUR 42-55
mln, and 8-10% adj. EBITDA margin range
    ** The stock, which is heading for its worst day since
mid-March 2020, sits at the bottom of German small cap index
 .SDAXI 




($1 = 0.8648 euros)

 (Reporting by Elizaveta Gladun in Gdansk)
 ((elizaveta.gladun@thomsonreuters.com))