windeln.de AG

windeln.de Remains on Course in Third Quarter

(DGAP-Media / 25.11.2015 / 07:00)

windeln.de Remains on Course in Third Quarter

- 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


Munich, 25 November 2015. windeln.de AG, the leading online retailer in
Europe specializing in products for babies and toddlers, saw significant
growth again in the third quarter and has come considerably closer to its
revenue and earnings target for the 2015 fiscal year. In the first nine
months, windeln.de was able to increase revenue by 76 percent to EUR 118.3
million and improve the adjusted EBIT margin to -8.1 percent (prior year:
-10.0 percent).

The growth in the first nine months was attributable to the higher number
of active customers (+73 percent) as well as the increase in the average
order value per customer (+4 percent), which reflects the continuous
expansion of the product portfolio. The online shop feedo, acquired in
July, contributed EUR 3.1 million to total revenue in the third quarter.
Excluding this consolidation effect, windeln.de recorded an increase in
revenue growth of 72 percent year-on-year after nine months. The slightly
lower growth in the third quarter compared to the very strong first
half-year is attributable to the seasonal effects during the summer months.
In addition, revenue shifts were recorded in the fourth quarter due to the
successful introduction of direct delivery to China at the end of August,
through which around 70 percent of the order volume from China is now
handled.

"With the additional option of direct delivery to China, we can offer our
customers faster delivery at a more attractive overall cost," says
Alexander Brand, management board member and co-founder of windeln.de AG.

The business in Europe outside of the DACH (German-speaking) region
achieved clear above-average growth. In addition to the revenue
contribution of feedo, growth was also attributable to strong performance
in Switzerland and the initial sales generated by the Italian online shop
pannolini.it launched in the third quarter. The Spanish subsidiary bebitus
was first consolidated at the beginning of October.

The German Shop segment (formerly windeln.de), which represents the largest
segment, achieved growth of 65 percent to EUR 97.2 million. The
International Shops segment (formerly windeln.ch), which, in addition to
windeln.ch, now includes feedo and pannolini.it, recorded an increase of
265 percent to EUR 8.8 million (increase of 134 percent to EUR 5.1 million