DGAP-Ad-hoc: Westwing Group SE / Key word(s): Forecast
Westwing Group SE announces the forecast for the 2022 financial year
03/28/2022 / 18:34 CET/CEST
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Westwing Group SE announces the forecast for the 2022 financial year
Munich, March 28, 2022 // Westwing Group SE (“Westwing”, “the Company”) announces its forecast for the 2022 financial year.
Based on the company’s planning process, various scenario analyzes and the current course of business in 2022, the company’s Management Board today decided on the forecast for the 2022 financial year.
For the 2022 financial year, the company expects sales of between EUR 460 million and EUR 540 million with a growth rate of -12% to +3%, with positive growth rates expected again for the second half of the 2022 financial year. The company’s sales forecast reflects the increasingly negative market developments and the significantly poorer consumer mood that has been observed in all segments and customer groups in recent months.
Based on the lower sales expectations, the strategic growth investments made and the ongoing negative effects from globally affected supply chains, Westwing plans an adjusted EBITDA of EUR -9 million to EUR +16 million for the financial year 2022 with an adjusted EBITDA margin between negative 2 % and positive 3%, with higher Adjusted EBITDA profitability expected in the second half of fiscal 2022.
This forecast comes at a time of high uncertainty related to consumer sentiment, supply chain disruptions, inflation and geopolitical developments, and assumes that the situation will not deteriorate further during 2022.
The company remains convinced of the medium to long-term market potential in Home and Living eCommerce and Westwing’s strategy. The company currently assumes that the medium-term goals of EUR 1 billion in sales and more than EUR 100 million in adjusted EBITDA by 2026 will be achieved.
Westwing will publish its 2021 Annual Report on March 29, 2022. For the definition of the alternative performance measure “Adjusted EBITDA”, the company refers to the corresponding definition in its Annual Report 2020, which was published on the company’s website.
Contact
Investor Relations
Email: [email protected]
Westwing Group SE
Moosacher Strasse 88
80809 Munich, Germany
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