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windeln.de SE: windeln.de announces preliminary financials for 2020 with 8.6% revenues growth and modest adj. EBIT improvement year over year; adj. EBIT break-even target updated to full year 2022; further cost measures to be executed - Seite 3

(iii) Personnel and non-personnel cost savings: The Company has significantly reduced its overall workforce during the last years from more than 400 active employees (full time equivalents, FTEs) beginning of 2018 to less than 200 FTEs end of 2020 despite the significant team build-up in Rumania and China during the same time period. Other (non-personnel) costs have also been reduced, e.g. through the office move in Munich in August 2020 or the reduction in supervisory board compensation in 2020. The Company continues to reduce its personnel and non-personnel costs further in 2021.

Management board members Matthias Peuckert, Sean Wei and Dr. Nikolaus Weinberger comment: "The year 2020 was unique in many aspects and has presented quite some challenges for our Company. We know that we still have to provide the proof of bringing this company to profitability. We are convinced though to reach that goal and benefit from long-term and sustainable revenue growth going forward."

Corporate Communications

Judith Buchholz
Phone: [phone]
email: [e-mail]

About windeln.de

windeln.de is one of the leading online retailers for baby, toddler and children's products in Europe. The Group also operates a successful e-commerce business with products for babies and toddlers for customers in China. The broad product portfolio includes everything from diapers, baby food, children's furniture, toys, clothes and strollers to child car seats. windeln.de was founded in October 2010. The Company has been listed in the Prime Standard of the Frankfurt Stock Exchange since May 6, 2015. For more information, go to https://corporate.windeln.de/.

Our shops: www.windeln.de, www.windeln.ch, www.bebitus.es, www.bebitus.pt, www.bebitus.fr, www.windeln.com.cn, windelnde.tmall.hk, windeln.jd.hk

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01.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	windeln.de SE
	Stefan-George-Ring 23
	81929 Munich
	Germany
Phone:	49 89 4161 7152 65
Fax:	089 / 416 17 15-11
E-mail:	[e-mail]
Internet:	www.windeln.de
ISIN:	DE000WNDL201
WKN:	WNDL20
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1164663