Westwing Group AG Trading Update: FY 2020 GMV growing to EUR 502m; Q4 y-o-y growth accelerating to 79%; Adj EBITDA expected around the upper end of EUR 37-48m FY 2020 guidance
? Q4 2020 Q4 2019 ?Change FY 2020 FY 2019 ?Change Key performance indicators ? ? ? ? ? ? Own & Private Label share (in %) 28% 25% +3ppt 25% 24% +1ppt GMV (in EUR m) 175 98 +79% 502 310 +62% Number of orders (in k) 1,474 805 +83% 4,074 2,428 +68% Average basket size (in EUR) 119 121 -2% 123 128 -4% Active customers LTM (in k) 1,529 949 +61% 1,529 949 +61% Average orders per active customer LTM 2.7 2.6 +4% 2.7 2.6 +4% Average GMV per active customer LTM (in EUR) 328 327 +0% 328 327 +0% Mobile visit share (in %) 79% 76% +3ppt 79% 76% +3ppt ?
Note: All figures are unaudited.
Westwing is the leader in inspiration-based Home & Living eCommerce in Europe with EUR 267m of revenue in 2019. Through its 'shoppable magazine', Westwing inspires its loyal home enthusiast customers with a curated product selection and combines that with gorgeous content. With unparalleled loyalty, Westwing is generating more than 80% of sales from repeat customers. Westwing's mission is: To inspire and make every home a beautiful home. The company was founded in 2011 and is headquartered in Munich. Westwing went public on the Frankfurt Stock Exchange in October 2018 and is active in eleven European countries.
Certain statements in this communication may constitute forward looking statements. These statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties. You should not rely on these forward-looking statements as predictions of future events and the Company undertakes no obligation to update or revise these statements. The Company's actual results may differ materially and adversely from any forward-looking statements discussed in this press release due to a number of factors, including without limitation, risks from macroeconomic developments, external fraud, inefficient processes at fulfilment centres, inaccurate personnel and capacity forecasts for fulfilment centres, hazardous material / conditions in production with regard to private labels, lack of innovation capabilities, inadequate data security, lack of market knowledge, risk of strike and changes in competition levels
14.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Westwing Group AG Moosacher Stra?e 88 80809 Munich
Germany Phone: +49 (89) 550 544 377 Fax: +49 (89) 550 544 445 Internet: www.westwing.com ISIN: DE000A2N4H07 WKN: A2N4H0 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1160761 ? End of News DGAP News Service