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fashionette AG publishes annual report 2020 - Growth targets exceeded and further revenue increase of 49% to 58% expected in 2021

DGAP-News: fashionette AG / Key word(s): Annual Report fashionette AG publishes annual report 2020 - Growth targets exceeded and further revenue increase of 49% to 58% expected in 2021 30.04.2021 / 07:30 The issuer is solely responsible for the content of this announcement. fashionette AG publishes annual report 2020 - Growth targets exceeded and further revenue increase of 49% to 58% expected in 2021

• Audited annual financial statements confirm preliminary results
• Net revenue +30% to EUR 94.8 million
• Adjusted EBITDA +25% to EUR 8.9 million
• Customer order quantity +46%
• +63% new customers and +50% active customers
• Forcast 2021 including acquisition of Brandfield: growth in net revenue to approx. EUR 141 million to EUR 150 million and adjusted EBITDA of EUR 5.0 million to EUR 6.9 million

Dusseldorf, 30 April 2021. fashionette AG (ISIN DE000A2QEFA1 / WKN A2QEFA), a leading European data-driven online platform for premium and luxury fashion accessories, publishes its 2020 Annual Report today, confirming the preliminary figures.

fashionette exceeded its strategic and financial targets in the 2020 financial year and achieved new record figures for revenue and adjusted earnings. The significant increase in both new customers (+63.2% to 240 thousand) and active customers (+49.7% to 357 thousand), who placed 608 thousand (+45.8%) orders, played a key role. Especially outside the core markets Germany, Austria and Switzerland (DACH), the company achieved significant growth of 71.9% compared to the previous year.

Net revenue (after credits for returns and discounts) rose by +29.6% to EUR 94.8 million in the year under review. The increase is due to two decisive factors. On the one hand, further diversification at product category level with a simultaneous significant expansion of the assortment by +59.3%. On the other hand, the continuous development of the proprietary, data-driven online platform. The assortment and the shopping experience ensured an increasing popularity among customers.