14.08.2020 windeln.de SE  DE000WNDL201

DGAP-News: windeln.de SE: Southern European Business Bebitus with strong financial development in second quarter 2020


 

DGAP-News: windeln.de SE / Key word(s): Half Year Results
windeln.de SE: Southern European Business Bebitus with strong financial development in second quarter 2020

14.08.2020 / 07:05
The issuer is solely responsible for the content of this announcement.


windeln.de SE: Southern European Business Bebitus with strong financial development in second quarter 2020

- Revenues EUR 3.8 million in Q2 2020; +28% growth compared to EUR 3.0 million in Q2 previous year; +74% higher traffic in June compared to January despite lower marketing

- Operating Contribution EUR 0.3m (7.1% margin) after EUR -0.0 million in Q2 pervious year (-0.8% margin) 

- Local SG&A costs lowered; margin IV (after channel expenses) increased from -6.1% of revenues in Q2 2019 to positive 2.5% in Q2 2020

- Adj. EBIT EUR -0.5 million in Q2 2020 (-12.2% adj. EBIT margin) after EUR -0.9 million in Q2 previous year (-28.8% adj. EBIT margin)

- Divestiture process ongoing


Munich, August 14, 2020: windeln.de SE ("windeln.de", "Group" or "Company"; ISIN DE000WNDL201) today reported strong financial results for its subsidiary Bebitus in Spain, Portugal and France for the second quarter (Q2) and first half (H1) of 2020.

Bebitus generated revenues of EUR 3.8 million in Q2 2020 which corresponds to a +28% increase to Q2 of the previous year (EUR 3.0 million in Q2 2019) and H1 2020 revenues EUR 6.3 million (EUR 6.5 million in H1 2019). Revenues growth in Q2 2020 was supported by higher Covid-19 driven demand and operational improvements like the introduction of the pricing tool Omnia in Portugal. This is also reflected in the higher site visits in Q2 2020 which have increased constantly since the beginning of the year (+74% in June compared to January 2020).

Continuous efforts on improving profitability are reflected in the operating contribution margin (the difference between gross profit and expenses for marketing and fulfillment). The gross profit margin increased to 25.3% in Q2 2020 (Q2 2019: 21.9%). In parallel, marketing costs were reduced from 7.2% of revenues in Q2 2019 to 6.1% in Q2 2020 and fulfillment costs were lowered from 15.4% in Q2 2019 to 12.1% in Q2 2020. As a result, the operating contribution margin of Bebitus improved to EUR 0.3 million in Q2 2020 (7.1% of revenues) from EUR -0.0 (-0.8% of revenues) in the second quarter of the previous year. Based on internal management reporting, also margin IV for Bebitus, i.e. contribution margin after channel expenses was positive with EUR 0.1 million in Q2 2020 after EUR -0.2 million in the previous year. The adj. EBIT margin of Bebitus improved to EUR -0.5 million (-12.2% margin) in the second quarter of the current year after EUR -0.9 million (-28.8% margin) in the same period of the previous year.

As announced in March this year, windeln.de explores the sale of the Bebitus due to the strategic focus on China and the German speaking region.

Matthias Peuckert, CEO of windeln.de: "The Bebitus team has done a very good job in improving margins on all levels in our Southern European business. Covid-19 and the resulting move towards online and strong increase of penetration rate in the baby and toddler segment in Southern Europe represent the high potential of this business."

Select key figures for the second quarter of 2020

  Q2 2020 Q2 2019 H1 2020 H1 2019
Revenues 3.8 3.0 6.3 6.5
Operating Contribution 0.3 -0.0 0.2 -0.1
As % of Revenues 7.1% -0.8% 2.8% -1.4%
Adjusted EBIT -0.5 -0.9 -1.4 -1.9
As % of Revenues -12.2% -28.8% -22.1% -28.9%
 

Corporate Communications

Judith Buchholz
Phone: +49 (89) 41 61 71 52 75
email: investor.relations@windeln.de

About windeln.de

windeln.de is one of the leading online retailers for baby, toddler and children's products in Europe. The Group also operates a successful e-commerce business with products for babies and toddlers for customers in China. The broad product portfolio includes everything from diapers, baby food, children's furniture, toys, clothes and strollers to child car seats. windeln.de was founded in October 2010. The Company has been listed in the Prime Standard of the Frankfurt Stock Exchange since May 6, 2015. For more information, go to https://corporate.windeln.de/.

Our shops: www.windeln.de, www.windeln.ch, www.bebitus.es, www.bebitus.pt, www.bebitus.fr, www.windeln.com.cn, https://windelnde.tmall.hk/



14.08.2020 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.de


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: DE000WNDL201
WKN: WNDL20
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1118067

 
End of News DGAP News Service

1118067  14.08.2020 

fncls.ssp?fn=show_t_gif&application_id=1118067&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 49,44 101,32 160,99 194,76 211,90 104,82 82,34 103,00
EBITDA1,2 -11,78 -10,94 -26,42 -33,54 -31,42 -27,60 -13,83 -7,90
EBITDA-Marge3 -23,83 -10,80 -16,41 -17,22 -14,83 -26,33 -16,80 -7,67
EBIT1,4 -12,22 -11,72 -19,38 -35,31 -43,58 -27,56 -14,59 -8,80
EBIT-Marge5 -24,72 -11,57 -12,04 -18,13 -20,57 -26,29 -17,72 -8,54
Jahresüberschuss1 -12,27 -9,83 -29,01 -41,97 -37,91 -37,69 -14,61 -9,30
Netto-Marge6 -24,82 -9,70 -18,02 -21,55 -17,89 -35,96 -17,74 -9,03
Cashflow1,7 -11,19 -6,06 -22,24 -31,22 -27,96 -18,73 -11,57 -8,00
Ergebnis je Aktie8 -1,50 -1,20 -3,55 -5,14 -4,66 -29,31 -5,66 -1,40
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - 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: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
windeln.de
WKN Kurs in € Einschätzung Börsenwert in Mio. €
WNDL20 1,810 - 14,77
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,000 -0,31
KBV KCV KUV EV/EBITDA
1,01 - 0,18 -0,460
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,00 0,00 0,00 24.06.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.05.2020 05.08.2020 12.11.2020 18.03.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-14,26% -39,06% 11,04% 0,00%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu windeln.de SE  ISIN: DE000WNDL201 können Sie bei DGAP abrufen

E-Commerce , WNDL20 , WDLK , XETR:WDL