DGAP-Ad-hoc: windeln.de SE / Key word(s): Change in Forecast/Preliminary Results windeln.de publishes preliminary numbers for Q4 2019 and financial year 2019; break-even target on basis of adjusted EBIT changed to Q1 2021 Munich, January 22, 2020: Based on preliminary financial numbers, windeln.de SE ("windeln.de", "Group" or "Company"; ISIN DE000WNDL201) generated revenues of EUR 22.9 to 23.1 million in Q4 2019 and revenues of EUR 82.3 to 82.5 million in the financial year (FY) 2019 (FY 2018: EUR 104.8 million). This corresponds to revenue growth of 24.1% to 25.2% compared to the third quarter (Q3) 2019 (EUR 18.5 million). Due to lower than targeted revenues in Q4 2019, windeln.de's goal of reaching break-even on the basis of adjusted (adj.) EBIT at the beginning of 2020 changed to Q1 2021. Based on preliminary numbers, the Group generated an adj. EBIT of EUR -1.9 to -1.6 million in Q4 2019, which corresponds to an adj. EBIT margin of -8.3% to -6.9%. This is a significant improvement compared to the previous quarter (Q3 2019: EUR -4.7 million and -25.5% adj. EBIT margin) due to better operational performance and a recorded Value Added Tax (VAT) correction of EUR 1.7 million (adj. EBIT effect EUR 1.4 million) related to deliveries by windeln.de to Chinese customers via so-called freight forwarders in previous years. According to preliminary numbers, windeln.de achieved an adj. EBIT of EUR -13.9 to -13.6 million in FY 2019 (-16.9% to -16.5% adj. EBIT margin) (FY 2018: EUR -18.5 million and -17.8% adj. EBIT margin). The Group's total cash available as of December 31, 2019 was EUR 8.4 million. The change in total cash available amounted to EUR -1.3 million in Q4 2019 (Q4 2018: EUR -1.6 million) and includes the receipt of payment from a Value Added Tax (VAT) correction of EUR 0.9 million. For the current year 2020, the Group expects further inflows from the VAT correction of at least EUR 2.1 million, i.e. a total of at least EUR 3 million. For 2020, windeln.de expects to achieve significant double-digit revenue growth and a significant improvement of adjusted EBIT. This shall be achieved in particular through the new cooperations with bodyguardpharm GmbH and Holland at Home B.V. as well as other efficiency projects such as the move of the warehouse in Germany and the outsourcing of the IT shop system. windeln.de will announce the final financial results for Q4 and FY 2019 and further details on the outlook for 2020/21 with the publication of the consolidated financial statements on March 18, 2020.
Corporate Communications
Sophia Kursawe Contact: Corporate Communications Sophia Kursawe Phone: +49 (89) 41 61 71 52 65 Email: presse@windeln.de
22-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | windeln.de SE |
| Hofmannstr.51 | |
| 81379 Munich | |
| Germany | |
| Phone: | 089 / 416 17 15-0 |
| Fax: | 089 / 416 17 15-11 |
| E-mail: | investor.relations@windeln.de |
| Internet: | www.windeln.de |
| ISIN: | DE000WNDL193 |
| WKN: | WNDL19 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 959161 |
| End of Announcement | DGAP News Service |
959161 22-Jan-2020 CET/CEST
