• Preliminary adjusted EBIT of EUR -2.4 million (-9.0% margin) in Q4 2018 and EUR -18.4 million (-17.6% margin) in FY 2018; improved quarter over quarter operational contribution margin and lower adj. SG&A costs
• Preliminary Q4 2018 revenues of EUR 26.3 million; as expected, sales uplift from Christmas season and sales events (+18% revenues growth compared to Q3); preliminary FY 2018 revenues of EUR 104.8 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 2018
• Subscription rights capital increase

Munich, February 7, 2019: windeln.de SE (”windeln.de“ or “Company” “), one of the leading online retailers for family products in Europe and to customers in China, now publishes the preliminary operating result for the fourth quarter (Q4) and full year (FY) 2018 in connection with the capital increase, after having published its preliminary revenues and liquidity figures on January 9, 2019. Based on the preliminary numbers, the Group generated adjusted (adj.) EBIT of EUR
-2.4 million in Q4 2018, which corresponds to an EBIT margin of -9.0%. For the same period, windeln.de wa

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.
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 of +4.1% compared to Q3 2018 driven by strong Christmas sales, sales activities (e.

Improved contribution margin and further cost reductions lead to improvement of adj. EBIT in FY 2018; reduced cash burn in Q4 2018

The efficiency and profitability measures initiated in February 2018, including streamlining the international business and focusing all European operations on improving margins and reducing overhead costs, are reflected in the preliminary numbers of Q4 2018. Operating contribution margin (difference between gross profit and expenses for adj. marketing and adj. fulfillment costs) amounted to EUR 2.4 million (9.3% of revenues) in Q4 2018 and EUR 4.1 million in FY 2018 (3.9% of revenues). This corresponds to a significant improvement by EUR 2.0 million compared to Q3 2018 and is only slightly

windeln.de resolves on capital increase with subscription rights to finance growth in China and to complete restructuring

The Management Board of windeln.de SE today resolved, with the approval of the Supervisory Board, to increase the share capital based on the resolution of the Extraordinary General Meeting on January 9, 2019 from currently EUR 3,113,647, divided into 3,113,647 no-par value bearer shares, by up to 6,850,023 shares to up to EUR 9,963,670 by issuing up to 6,850,023 New Shares, each representing a pro rata amount in the share capital of EUR 1.00 per share (“New Shares”). The New Shares are entitled to dividends from January 1, 2018. The New Shares will not be admitted to trading at the sto