Press (en) – Windeln

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windeln.de publishes final FY and Q4 2018 financial results; positive adj. EBIT development in Q4 2018

Posted: March 20, 2019

Revenues EUR 104.8 million in FY 2018 and EUR 26.3 million in Q4 2018; sales uplift from Christmas season and sales events (+18% revenues growth compared to Q3 2018)

Adj. EBIT EUR -18.5 million (-17.8% margin) in FY 2018 and EUR -2.5 million in Q4 2018 (-9.7% margin); improved quarter over quarter operational contribution margin and lower adj. SG&A costs in Q4 2018

Successful capital increase to complete restructuring measures in Europe and to increase growth in the Chinese market

Total cash available EUR 11.1 million as of Dec 31, 2018; additional gross proceeds from capital increase of EUR 10.1 million

Significant revenue growth and further improvement of adj. EBIT expected in 2019; break even on basis of adjusted EBIT expected early 2020

windeln.de subsidiary Bebitus appoints new CEO Santiago Jócano

Posted: March 12, 2019

Bebitus announces that Erich Renfer, current CEO of Bebitus, will hand over responsibility to Santiago Jócano after a transition period ending on March 31, 2019.

windeln.de starts tender process for auditor rotation

Posted: March 7, 2019

windeln.de SE initiates a tender process for the audit mandate of the annual financial statements and annual consolidated financial statements. The Group thus complies with EU regulations and changes to the EU Directive on statutory audits.

windeln.de SE successfully completes rights issue – gross issue proceeds of EUR 10.1 million

Posted: March 1, 2019

windeln.de SE has successfully completed the capital increase with subscription rights resolved by the Extraordinary General Meeting on January 9, 2019.

windeln.de SE publishes positive adj. EBIT development in fourth quarter 2018 and resolves on subscription rights capital increase

Posted: February 7, 2019

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 from EUR 3,113,647 by up to EUR 6,850,023 to up to EUR 9,963,670 by issuing up to 6,850,023 new shares; subscription price EUR 1,48 per share; subscription period from February 14 to February 28, 2019; gross issue proceeds expected in high single-digit million Euro range

Commitment letters for capital increase of EUR 7.25 million already received; Management share ownership increased through management incentive program

Extraordinary General Meeting resolved on capital reduction and capital increase

Posted: January 10, 2019

Munich, January 10, 2019 – Yesterday´s Extraordinary General Meeting of windeln.de SE (“windeln.de” or “Group”), one of the leading online retailers for family products in Europe and to customers in China, resolved with a high approval rate of 99.83% to reduce windeln.de’s share capital from EUR 31,136,470.00 by EUR 28,022,823.00 to EUR 3,113,647.00 through an ordinary capital reduction by way of a reverse share split at a ratio of 10 : 1.

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

Posted: January 9, 2019

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

Convocation of Extraordinary General Meeting to resolve on ordinary capital reduction and capital increase

Posted: November 22, 2018

Good progress on restructuring since beginning of the year and further progress ahead

Operational and financial improvements continue in fourth quarter; longer recovery of Chinese business delays adj. EBIT break-even to early 2020

Capital reduction and capital increase to provide further funding

windeln.de publishes 9M/Q3 2018 financial results: progress on restructuring, cost structure improved

Posted: November 8, 2018

Nine months revenues EUR 78.5 million; Q3 revenues EUR 22.2 million impacted by weaker summer months; sales uplift expected for Q4 due to sales events and Christmas season

Further progress on restructuring with margin improvements at European shops and cost reduction in Q3; nine months adj. EBIT EUR -16.0 million (Q3 2018: EUR -4.9 million)

Improved net working capital to previous quarter; cash burn of EUR -4.1 million in Q3; total cash available of EUR 13.0 million as of September 30, 2018

windeln.de SE and COO Jürgen Vedie mutually agreed to terminate service contract early

Posted: September 10, 2018

Jürgen Vedie leaves Management Board of windeln.de SE on September 30, 2018

CEO Peuckert and CFO Weinberger take over responsibilities from October 1, 2018

Efficiency and profitability increase on-track, break-even expected in early 2019

windeln.de announces closing of the sale of Feedo to ags 92

Posted: August 29, 2018

windeln.de SE announces that it closed the sale of its Eastern European subsidiary Feedo Sp. z o.o. and its subsidiary (“Feedo”) to the Czech wholesaler and retailer for baby and toddler products ags 92 s.r.o. (“ags”) on August 24, 2018.

windeln.de publishes H1 2018 results: progress on restructuring, softer market environment in China

Posted: August 9, 2018

H1 revenues EUR 56.4 million (Q2 2018: EUR 23.5 million) and H1 2018 adjusted EBIT EUR -11.1 million (Q2 2018: EUR -5.9 million); lower revenues driven by soft demand in China

Good progress on Group restructuring with margin improvement at European shops, reduction of SG&A expenses and sale of Feedo

Net working capital and liquidity position improved compared to previous quarter; total cash available of EUR 17.1 million as of June 30, 2018

Target to reach adjusted EBIT break-even early 2019 confirmed

windeln.de sells Feedo to Czech distributor of baby & toddler products ags 92

Posted: July 20, 2018

Divestiture part of windeln.de’s measures to increase efficiency and profitability

Headcount reduction by 74 FTEs and reduction of negative EBIT of approx. EUR 3 million p.a.

Closing of transaction expected in the course of 2018

All online shops within windeln.de Group now on same technical infrastructure

windeln.de publishes Q1 release / first quarter in the midst of changes

Posted: May 9, 2018

Q1 revenues of EUR 32.8 million (Q1 2017: EUR 46.6 million); softer China demand and implementation of efficiency and profitability measures leads to 29.5% decrease

Improved adj. EBIT of EUR -5.2 million despite one-off effects (Q1 2017: EUR -6.6 million); adj. EBIT margin -16.2% (Q1 2017: -14.1%)

Numerous restructuring measures implemented, positive effects expected in the second half of the year

Dr. Guillem Sanz, founder and CEO of Bebitus, hands over leadership role to Erich Renfer

Posted: April 13, 2018

Handover of leadership was planned after completing integration of Bebitus business into windeln.de SE in October 1st, 2017

Transition period will be completed as of July 1st, 2018

windeln.de with 9% revenue growth and improved EBIT in 2017

Posted: March 14, 2018

First time exceeding annual revenues of EUR 200 million (EUR 211.9 million) in 2017 (+8.8% growth year over year); EUR 52.5 million of revenues in 4th quarter 2017

Improved adj. EBIT of EUR -24.9 million (-11.8% margin) in 2017 compared to EUR -26.7 million (-13.7% margin) in 2016; EUR -6.5 million adj. EBIT in 4th quarter 2017

Net liquidity of EUR 25.7 million as of December 31, 2017 strengthened by EUR 5.2 million capital increase in February 2018

Adj. EBIT break-even targeted early 2019 driven by efficiency and profitability measures initiated in February

windeln.de honored with additional Tmall Global award

Posted: February 9, 2018

windeln.de received the award in the category “mother & baby” for driving the growth of popular German baby milk powder brands.

windeln.de initiates efficiency and profitability measures in context of upcoming CEO change and targets break-even early 2019 already

Posted: February 6, 2018

Measures initiated to (i) reorganize operations and reduce headquarter costs in Germany, and (ii) focus international operations on regions with short- to mid-term profitability potential; break-even target for early 2019

Capital increase of up to 2.6m shares with exclusion of pre-emptive rights from authorized capital subscribed by existing shareholders, new investor group, all members of the management board including founders and Matthias Peuckert

Starting date of designated CEO Matthias Peuckert on May 1, 2018, succeeding founders and Co-CEOs Alexander Brand and Konstantin Urban

Preliminary 2017 financials: Revenues EUR 211 to 213 million, adjusted EBIT EUR (26) to (24) million ((13) to (11)% margin) and net liquidity of EUR 25.7 million. Publication of 2017 financials on March 14, 2018

windeln.de launches private label premium diaper „darly“

Posted: November 16, 2017

„darly“ stands for highest quality standards and excellent price-performance ratio

Customers benefit from state-of-the-art technology and a comfortable fit

Matching „darly“ wet wipes with 99.5% moisture complete the offer

windeln.de expands product range by selling large furniture

Posted: November 15, 2017

Expansion of furniture category through listing of famous furniture brands

Online purchase of furniture even more convenient through delivery to room of choice

Interface with suppliers ensures more efficient processes for windeln.de

windeln.de with 16% revenue growth in Q3 2017 and continued implementation of strategic measures to sustainably increase profitability

Posted: November 14, 2017

Q3 revenues of EUR 52.9 million (9M: EUR 159.4 million); increase of 15.8% over the same period of last year (9M: +15.8%)

China (Q3 revenue +27.8% compared to previous year) and other European countries (+23.6%) continue to drive growth

Adjusted EBIT margin in Q3 improved to -10.3% compared to Q3 2016 (-14.5%) and Q2 2017 (-10.5%); -11.6% in nine-month period in 2017 compared to -14.1% in 2016

Change of liquidity position EUR -11.3 million in Q3 due to inventory built up for local warehouse in China, Bebitus integration and acquisition related Earn Out payment

Integration of Bebitus successfully completed on October 1, 2017

Founders and co-CEOs hand over business as part of an orderly succession

Posted: September 28, 2017

The experienced Amazon manager Matthias Peuckert will take office as the CEO of windeln.de SE in 2018

The Management Board contracts of the two founders and Co-CEOs Konstantin Urban and Alexander Brand will expire as scheduled on March 31, 2018; both leave under the best of terms and will remain closely linked to windeln.de as shareholders

Dr. Nikolaus Weinberger (CFO) and Jürgen Vedie (COO) will continue to be members of the Management Board

CEO and founder of windeln.de Konstantin Urban honored to speak at Alibaba’s 18th birthday festivities

Posted: September 15, 2017

Munich, September 15, 2017: Konstantin Urban, CEO and founder of windeln.de SE, one of the leading online retailers for baby, toddler and children’s products in Europe and to customers in China, was invited to speak at Alibaba’s 18th birthday celebration in front of a large audience with nearly 40.000 guests in Hangzhou, China. The event was the biggest in Alibaba’s history and took place in the Huanglong Stadion in Alibaba’s hometown last Friday (September 8th).

windeln.de with good growth and improved profitability in the second quarter

Posted: August 8, 2017

Second quarter of 2017 reflects strategic focus on international growth, improvement of profitability in Germany and implementation of operational measures

Revenues of EUR 54.6 million in Q2 (H1: EUR 106.5 million), a 21.6% increase compared to same period of the previous year (H1: +15.8%)

Growth driver China business (revenues +42.6% in Q2 compared to same period of previous year) and business in European countries outside of DACH region (+28.8%)

windeln.de launches native app

Posted: July 4, 2017

Switch from old web view based app to much more performant native app solution for all available products from www.windeln.de

Customers benefit from new tools and features, more convenience and improved order process on mobile devices

New flexible app platform allows roll out of app to other shops and countries and enables to quickly respond to customer needs

windeln.de with focus on structural improvements in the first quarter of 2017

Posted: May 9, 2017

EUR 51.9 million in revenues in first quarter of 2017

“International Shops” segment growth driver with a 35.6% increase in revenues compared to the same period of the previous year, Chinese revenues also higher

New shop system for German Shop and strong focus on earnings; customer service successfully transferred

Profitability on the basis of adjusted EBIT at the same level as in the first quarter of 2016, strong improvement in the International Shops Segment

Additional payment method China UnionPay (CUP) for Chinese customers

Posted: May 8, 2017

windeln.de increases convenience for Chinese customers by offering payment method China UnionPay (CUP)

Cooperation with ChinaPay makes shopping on windeln.com.cn easier and more accessible for Chinese families

windeln.de receives Tmall Global award

Posted: April 27, 2017

windeln.de receives award for “most popular international brand” at Tmall Global ceremony at Alibaba Group’s headquarters in Hangzhou, China

Award underlines windeln.de’s strong performance since opening of flagship store on Alibaba’s e-marketplace Tmall Global in July 2016

windeln.de complements its private label portfolio with official launch of “Avani” brand

Posted: April 21, 2017

“Avani” products are made from natural materials while treating workers with ethically correct standards („GOTS – Global Organic Textile Standard“ zertifiziert)

windeln.de offers essential non-consumable products for families in different product categories under the three private labels “Avani”, “Dimbo world” and “Max & Lilly”

Customers benefit from high quality products at attractive Prices

New shop system for German online shop windeln.de

Posted: April 3, 2017

With conversion of the German online shop windeln.de, the migration for all windeln.de shops to an identical system platform has been successfully concluded

The uniform underlying technical basis with a flexible shop and content management system enables windeln.de to better respond to customer needs, realize synergies and to optimize IT resources

An important measure for further increasing customer satisfaction and improving operational processes

windeln.de posts 21% revenue growth in fiscal year 2016; Q4 improved

Posted: March 15, 2017

Final quarter revenues of EUR 57.1 million the highest since the company’s foundation and improved profitability compared to the third quarter

European operations outside Germany as growth drivers: Revenue contribution from International Shops more than doubled

Latest outlook for 2016 fulfilled: revenues of EUR 194.8 million, gross profit margin of 26.6% and adjusted EBIT margin at -13.7%

Adjusted EBIT expected to break even in the course of 2019

windeln.de successfully implements strategic and operational measures in the third quarter

Posted: November 15, 2016

Revenues growth of 30% in first nine months of the year, despite delisting of brands

German Shop off to a good start in fourth quarter, with nakiki relaunch and Tmall campaigns

Strongly improved operating cash flow due to reduction of inventories

Good progress in implementing measures announced late July

windeln.de expands presence in the Chinese market for baby food

Posted: November 15, 2016

windeln.de, one of the leading pure online retailers for baby, toddler and children’s products in Europe and Milupa Nutricia, the leading brand for baby food in Germany, enter a certification areement

windeln.de successfully implements strategic and operational measures in the third quarter

Posted: November 15, 2016

Revenues growth of 30% in first nine months of the year, despite delisting of Brands

German Shop off to a good start in fourth quarter, with nakiki relaunch and Tmall campaigns

Strongly improved operating cash flow due to reduction of inventories

Good progress in implementing measures announced late July

windeln.de Relaunches former Shopping Club Nakiki Shop as Ready-to-ship Platform Pursuing Dual Brand Strategy

Posted: October 6, 2016

windeln.de relaunches former Shopping Club Nakiki Shop as Ready-to-ship Platform pursuing dual brand strategy

windeln.de Extends Growth in Europe, German Shop Segment as expected Impacted by Regulatory Changes in China and New ERP System in Second Quarter

Posted: August 24, 2016

windeln.de grows by 35% year-on-year in first half of the year

As announced earlier, second-quarter earnings impacted by regulatory changes in China and migration of ERP system; adjusted EBIT margin of -15.3% in first half of the year

Following discontinuation of the shopping clubs business, “nakiki” to become an online platform for products for children up to the age of eight years old

windeln.de completes conversion into a Societas Europaea (SE)

Posted: August 9, 2016

windeln.de completes conversion into a Societas Europaea (SE)

windeln.de Initiates Set of Measures to Focus its Business Activities, Improve Processes, and Increase Profitability

Posted: July 28, 2016

windeln.de to focus business in ready-to-ship online shops and close Nakiki’s shopping club Business

Europe-wide integration with shared purchasing and centralized IT platform to be expedited

Costs to be reduced through relocation of central warehouse and automating more functions

Expanded management team systematically implementing measures

Jürgen Vedie named Chief Operating Officer (COO) for windeln.de AG

Posted: June 15, 2016

As COO Jürgen Vedie will be responsible for logistics, customer service and purchasing

windeln.de Continues Growth in the First Quarter – China Impacts Outlook

Posted: May 24, 2016

Revenues grow by 46% year over year in the first quarter;? number of active customers increases to more than one Million

Adjusted EBIT margin of -14.8% influenced by lower growth rates in China and one-time effects

Slower growth after regulatory changes in China weighs on full-year Outlook

windeln.de Meets Growth and Margin Targets Following Strong Final Quarter

Posted: March 17, 2016

Revenues in fiscal year 2015 up by 76 percent

Number of customers doubled to almost one Million

Expansion into further European markets as planned

Adjusted EBIT margin within the expected range at -8.5 percent

windeln.de Remains on Course in Third Quarter

Posted: November 25, 2015

Revenue increases by 76 percent in nine-month comparison

Adjusted EBIT margin improves from -10.0 percent to -8.1 percent

Internationalization and operating business moving forward as planned

windeln.de reports successful first half year 2015

Posted: August 27, 2015

Revenue growth of 85% compared to previous year period

Adjusted EBIT margin improves from -11.0% to -5.3%

Successful acceleration of European expansion

windeln.de acquires Spanish online shop “bebitus“

Posted: August 11, 2015

Acquisition of leading online shop for baby and toddler products in Spain is a further milestone for windeln.de’s European expansion strategy

windeln.de enters the attractive Spanish, Portuguese and French market through full acquisition

Large potential to realize synergies and accelerate growth via integration of core processes with windeln.de

windeln.de completes acquisition of Spanish online shop “bebitus”

Posted: July 6, 2015

windeln.de AG completes the acquisition of Bebitus Retail S.L. (“bebitus”), an online shop for baby and toddler products in Spain, Portugal and France

windeln.de lays solid foundation for successful financial year 2015 with first quarter results

Posted: May 28, 2015

Revenue growth of 87% in the first three months compared to previous year; strong growth across all business segments and regions

Improvement in earnings: adjusted EBIT group margin up from -11.0% to -3.6%, adjusted EBIT margin in business segment windeln.de at +5.5%

Acquisition of Feedo signed in April 2015 to expand regional presence in Poland, the Czech Republic and Slovakia

Alnatura now available from windeln.de online shop / Convenient home delivery of more than 100 organic Alnatura products for babies and toddlers

Posted: April 27, 2015

windeln.de customers can now order more than 100 Alnatura products, from baby food to fruit bars

windeln.de expands its regional footprint with the acquisition of the online shop “Feedo” in the Czech Republic, Poland and Slovakia

Posted: April 20, 2015

Acquisition allows windeln.de to enter the Eastern European market

Feedo is a Czech pure-play online shop for baby and toddler products which is also active in Slovakia and Poland

Transaction paves the way for future growth of windeln.de

Feedo will be fully acquired by windeln.de while the operational businesses remain separate

Nikolaus Weinberger joins windeln.de team as Chief Financial Officer

Posted: April 1, 2015

Nikolaus Weinberger joins windeln.de as member of management board and CFO

windeln.de named one of Europe’s top 50 high-growth companies

Posted: March 20, 2015

windeln.de listed on the “Tech Tour Growth 50”

Appreciation of the Company’s work on an international scale

List compiled based on strong achievements in terms of company valuation and growth

windeln.de is a well-known and trusted German pure-play online category retailer for baby and toddler products

Posted: January 26, 2015

Surveys by independent research institutes confirm the leading role of the company and its position in the baby and toddler product market

Customers confirm that the windeln.de brand is the best known online retailer for diapers in Germany

Only German pure-play online category retailer with top ranking for online shop awareness in China

windeln.de closes €45 million investment round led by Goldman Sachs, Deutsche Bank, DN Capital, MCI Management and 360 Capital Partners

Posted: January 19, 2015

windeln.de, the German online retailer and flash sales platform for baby and children products (the “Company”), today announced that a consortium led by Goldman Sachs and Deutsche Bank invested €45 million in the Company

Growth Capital for windeln.de

Posted: April 1, 2014

New investor Deutsche Bank

EUR 15 million financing round from international investor group

Growth Capital for windeln.de

Posted: March 1, 2013

International expansion and extension of product portfolio

Financing round of more than € 15 million from international investor group

Real customers are the best brand ambassadors: windeln.de and its new TV adverts

Posted: March 20, 2012

windeln.de with new TV adverts

windeln.de obtains additional growth capital

Posted: February 27, 2012

Investment volume in mid-single-figure millions

Growth story convinces existing group of investors

On track to become Germany’s leading online shop for baby products: windeln.de takes stock of its first year

Posted: December 12, 2011

A little over a year after it was founded, Munich start-up windeln.de has very positive results to report. Germany’s largest online shop for everyday baby products has significantly outperformed its sales guidance

Start ’em young – cool baby accessories for tomorrow’s trendsetters

Posted: November 1, 2011

Cool cubes

Camouflage look for the urban warrior

Sex and the City chic for fashionista-moms

Rocking the baby

Inspect da’ gadgets – innovative technology for junior

Posted: November 1, 2011

High-tech meal time means no more mess. When children are learning to feed themselves, experience shows that a considerable amount of the lovingly prepared meal lands on the floor

A safe start to their journey: windeln.de expands range to include safety and health-care products

Posted: June 21, 2011

The moment babies start crawling, nothing is safe from them anymore. The whole world is their playground, and their surroundings have to be explored as minutely as possible. And danger – such as sharp edges, steep stairs or open drawers – may be lurking just around the corner

windeln.de on road to success: 30,000 mothers and fathers already shop for diapers and baby products online

Posted: May 17, 2011

4,400 products from more than 100 brands

More than 30 per cent of orders already from regular customers

Growth market: sales growing by 30 per cent per month

Fresh capital for online shop windeln.de

Posted: May 10, 2011

Second financing round successfully closed

New investor Acton Capital Partners on board

Fresh capital for online shop windeln.de

Posted: September 15, 2010

High-Tech Gründerfonds and DN Capital are investing in windeln.de

The online shop for baby products will be launched in September 2010 with more than 80 brands in its product range, including Pampers, HiPP, Avent, Nuk and Penaten. Business angels and the management team are participating in the financing, along with the lead investors mentioned

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