windeln.de starts tender process for auditor rotation

 In 2019

Munich, March 7, 2019: windeln.de SE (”windeln.de“ or “Group”) one of the leading online retailers for family products in Europe and for customers in China, 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.
Regulation (EU) No 537/2014 and changes to Directive 2014/56/EU require a rotation of the external auditor at regular intervals. The EU Directive requires that the auditing firm has to rotate at least every ten years in order to improve and ensure audit quality. The responsible audit partner of an auditing firm is to be changed seven years after the first date of appointment.
Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft has audited the last seven consolidated financial statements of windeln.de SE (including financial year 2018). Therefore, in accordance with German and European law, the Group has initiated a procedure to appoint a new auditor for the 2019 financial year.
The Audit Committee of windeln.de is responsible for the tender process and will make a recommendation to the Supervisory Board by the end of April 2019. Offers from interested auditors must be received by windeln.de by March 28, 2019 in written form. The Supervisory Board intends to issue a recommendation to the Annual General Meeting regarding a new auditor for the audit of the annual financial statements and annual consolidated financial statements for 2019. It is planned that the new auditor of windeln.de will be elected at the Annual General Meeting on June 6, 2019.
Auditors and auditing companies can submit their interest in the tender process until March 28, 2019, 6:00 pm CET, to the central contact address investor.relations@windeln.de.

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