03.09.2020 Westwing Group AG  DE000A2N4H07

DGAP-Adhoc: Westwing Group AG: Updated guidance for the FY 2020


 

DGAP-Ad-hoc: Westwing Group AG / Key word(s): Change in Forecast
Westwing Group AG: Updated guidance for the FY 2020

03-Sep-2020 / 18:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Munich, September 3, 2020 // Westwing Group AG ("Westwing") increases its guidance for the full year 2020.

For the third quarter of 2020, Westwing has so far experienced a substantially more favorable development than expected. Despite lock-down measures being eased, growth continued to be on an elevated level with Q3-to-date GMV growth of c. 55% compared to the same period in the previous year. We continuously see this growth driven by increased demand from our existing customers as well as ongoing strong new customer acquisition across the company's entire country portfolio. 

Consequently, Westwing increases its full year 2020 revenue growth guidance to between 40% and 50% compared to the full year 2019 (previously between 25% and 35%). Given this higher growth guidance and its subsequent scale effects as well as ongoing strong contribution margin, Westwing also increases its full year 2020 Adjusted EBITDA margin guidance to between 6% and 8% (previously between 3% and 5%).

Westwing will publish its financial statements for the third quarter of 2020 on November 10, 2020. Regarding the exact definition of the alternative performance measures, GMV (Gross Merchandise Volume) and Adjusted EBITDA, the company refers to the corresponding definitions in its Annual Report 2019, which has been published on the company's website.

Contact
Lorenz Erik Wittjen
General Counsel
[email protected]

03-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Westwing Group AG
Moosacher Straße 88
80809 Munich
Germany
Phone: +49 89 550 544 377
Internet: www.westwing.com
ISIN: DE000A2N4H07
WKN: A2N4H0
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1127363

 
End of Announcement DGAP News Service

1127363  03-Sep-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 265,84 253,90 267,30 432,90 522,50 430,80 433,00
EBITDA1,2 -4,90 -12,30 -25,70 42,00 34,10 -9,40 18,40
EBITDA-Marge3 -1,84 -4,84 -9,61 9,70 6,53 -2,18
EBIT1,4 -21,34 -19,50 -34,20 31,40 21,10 -27,40 -0,50
EBIT-Marge5 -8,03 -7,68 -12,80 7,25 4,04 -6,36 -0,12
Jahresüberschuss1 -31,55 -2,30 -39,00 29,80 12,00 -32,40 -0,50
Netto-Marge6 -11,87 -0,91 -14,59 6,88 2,30 -7,52 -0,12
Cashflow1,7 -7,76 -9,50 -13,30 47,80 29,80 -10,20 0,00
Ergebnis je Aktie8 -1,46 -0,15 -1,85 1,38 0,55 -1,51 -0,04
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Westwing Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2N4H0 7,850 - 164,10
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
46,18 32,13 1,44 -8,80
KBV KCV KUV EV/EBITDA
1,98 - 0,38 -14,89
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 19.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2024 08.08.2024 07.11.2024 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-3,74% -7,43% -11,20% -3,86%
    
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