Westwing share: Westwind with pessimistic forecast: Decline in sales and operating result possible

Management is correspondingly pessimistic about the current year and considers a decline in sales and profitability compared to the previous year to be possible.

The company surprisingly announced on Monday evening after the stock exchange closed in Munich that the proceeds for the current year should be between 460 and 540 million euros. Compared to 2021, this would mean a decrease of up to twelve percent.

Earnings before interest, taxes, depreciation and amortization (Ebitda), adjusted for special effects, could result in a loss of nine million euros, but the board also believes that a positive operating result of 16 million euros is possible. The reason is also that customers showed a “significantly worse consumer mood,” it said.

The company justified the wide range of forecasts with high uncertainty in relation to consumer sentiment, disruptions to supply chains, inflation and geopolitical developments. In addition, they are based on the assumption that the situation will not deteriorate further in the course of 2022. Westwing is maintaining its medium-term goals of one billion euros in sales and more than 100 million euros in adjusted Ebitda by 2026.

The share, which is no longer listed in the SDAX, recently lost 4.5 percent on Tradegate compared to the Xetra close of trading to EUR 12.20.

MUNICH (dpa-AFX)

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