windeln.de Q4 2018 trading update in context of today’s upcoming Extraordinary General Meeting: Revenues of EUR 26.2 million, total cash available at EUR 11.1 million

• Preliminary Q4 2018 revenues of EUR 26.2 million; as expected, sales uplift from Christmas season and sales events (+18% revenues growth compared to Q3); preliminary FY 2018 revenues of EUR 104.7 million
• Total cash available EUR 11.1 million as of Dec 31, 2018; cash burn of EUR -1.7 million in Q4 2018 lower than in Q3 and driven by operating performance and net working capital

Munich, January 9, 2018: windeln.de SE (“windeln.de” or “Group”), one of the leading online retailers for family products in Europe and to customers in China, announces a fourth quarter (Q4) 2018 trading update in the context of today’s upcoming Extraordinary General Meeting. The Group achieved revenues of EUR 26.2 million in Q4 2018 based on preliminary financial numbers. This represents growth of 18% compared to the third quarter (Q3) 2018 (EUR 22.2 million) as a result of the Christmas season and sales events in China and DACH.
The Group implemented significant efficiency

Revenue growth in China and DACH, stabilizing revenues at Bebitus shops

The China business recovered in Q4 2018 after the challenging market environment in the first nine months of the year. Consequently, the Group’s revenues in China were EUR 15.8 million in Q4 2018 (EUR 56.7 million in FY 2018) which is an increase of +33.3% compared to Q3 2018 driven by strong sales events around Singles Day (11.11) and Black Friday. China accounts for approximately 60% of Group revenues in Q4 2018 (54% in FY 2018).
Revenues in the DACH region (Germany, Austria and Switzerland) amounted to EUR 5.9 million in Q4 2018 (EUR 24.2 million in FY 2018). This is an increase

Lower cash burn in Q4 2018

The Group’s total cash available, consisting of cash and time deposits, was EUR 11.1 million as of December 31, 2018. The total change in cash available was EUR -1.7 million in Q4 2018. This is lower than in the previous quarter due to improved operating performance and low net working capital as of December 31, 2018, mainly the reduction of inventory and trade receivables.
windeln.de will report its final results for FY 2018 including operating result when it presents the consolidated financial statements on March 20, 2019. This information will also be made available on the Group

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