windeln.de with update on the current situation regarding Covid-19 (Corona)
Munich, April 7, 2020: windeln.de SE ("windeln.de", "Group" or "Company"; ISIN DE000WNDL201 and ISIN DE000WNDL219) provides an update on the impact of the Covid-19 pandemic on society.
The Covid-19 pandemic has led to a significant increase in the order volume of windeln.de customers for windeln.de since the beginning of March 2020. In March 2020, the order volume at Group level rose by 28% to EUR 7.8 million after EUR 6.1 million in February 2020. This increase can be recorded both in the German-speaking area (+42%, a total of EUR 2.9 million in March 2020), China (+18%, a total of EUR 3.8 million in March 2020) and other Europe for the Bebitus Shops (+33%, a total of EUR 1.2 million in March 2020). In particular, the Group sees strong demand for consumer goods and is responding to increased demand with a higher purchasing volume from suppliers. So far, the company has continued to record strong demand in April 2020.
In logistics, on the other hand, there are impairments for windeln.de: (i) In the warehouse of windeln.de in Großbeeren/Germany, there is currently a backlog of around 5 days in order processing due to the high order volume and the temporarily lower availability of workers from abroad. Orders for the German-speaking region are particularly affected, to a lesser extent for China and hardly for the rest of Europe (Bebitus). In the local warehouse in Barcelona for orders from windeln.de's southern European customers, sufficient logistics capacities are currently available. (ii) In addition, the contractual partner of windeln.de for the planned new warehouse in Germany, which was to be put into operation in the summer of 2020, the Kids Fashion Group GmbH & Co. KG (Kanz), has filed for insolvency last week due to the Covid 19 pandemic. windeln.de is already in contact with the provisional insolvency administrator regarding the project. At the same time, the extension of the existing service provider contract for the current warehouse in Großbeeren as well as the availability of warehouses from other logistics service providers are being examined.
Matthias Peuckert, CEO and Nikolaus Weinberger, CFO of windeln.de, commented: "In this challenging time of Covid-19, as an online shop for baby and toddler products, we are pleased to enable our customers to shop online safely and reliably, even if delivery times in the DACH region are currently slightly longer than usual. In this context, we would also like to thank our employees, who work from home in Munich, Sibiu, Barcelona and Shanghai, for their work and great commitment in recent weeks. We are proud that the operation can be continued for our customers and that there is no need for short-time work. The currently higher order volume will have a positive impact on our operating result. With regard to the planned relocation of our warehouse in Germany and the insolvency of our contractual partner, we are currently examining alternatives. After an initial exchange with our current logistics service provider in Großbeeren, it is possible to extend the current contract at short notice. Detailed discussions will follow."