Westwing Group SE / DE000A2N4H07

Westwing Group SE: Full year 2023 Adjusted EBITDA guidance raised

EQS-Ad-hoc: Westwing Group SE / Key word(s): Change in Forecast


06-Nov-2023 / 21:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---

Munich, November 6, 2023 // Westwing Group SE (“Westwing” or “the Company”) publishes an updated Adjusted EBITDA guidance for the full year 2023. The Company now expects to achieve an Adjusted EBITDA of EUR +13 million to EUR +19 million for the full year 2023 (previously: in the upper half of the range of EUR +4 million to EUR +13 million). This update is mainly driven by a better outlook for the fourth quarter of 2023, despite the challenging market environment, based on stronger than expected preliminary October results. The full year 2023 revenue guidance is confirmed in the upper half of the range of EUR 390 million to EUR 440 million. The Company will publish its quarterly report for Q3 2023 on November 9, 2023. Regarding the exact definition of the Adjusted EBITDA, please refer to the corresponding definitions in the 2022 Annual Report, which is available on the Company’s website.
Contact:
[e-mail]

End of Inside Information

---

06-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---

Language:	English
Company:	Westwing Group SE
	Moosacher Straße 88
	80809 Munich
	Germany
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.westwing.com
ISIN:	DE000A2N4H07
WKN:	A2N4H0
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1766371

End of Announcement	EQS News Service

---

1766371  06-Nov-2023 CET/CEST