Feb 06, 2023 2:20 PM
fashionette AG / Key word(s): Preliminary Results/Profit Warning
Publication of insider information pursuant to Article 17 of Regulation (EU) No 596/2014
fashionette AG publishes preliminary key figures for the 2022 financial year – net revenue within and adjusted EBITDA below guidance range
Duesseldorf, 6 February 2023. fashionette AG (ISIN DE000A2QEFA1) ("Company") achieved a net revenue of EUR 165.8 million (previous year: EUR 133.8 million) on a consolidated basis in the 2022 financial year, according to preliminary, unaudited Group figures. This corresponds to growth of around +7% on a pro forma basis or around +24% on a consolidated basis. The net revenue achieved is thus in line with the forecast adjusted in November 2022, which assumed net revenue of EUR 165 million to EUR 175 million.
According to preliminary, unaudited consolidated figures, adjusted EBITDA on a consolidated basis amounted to EUR 0.5 million in the 2022 financial year (previous year: EUR 4.4 million). The forecast adjusted in November 2022 had assumed an adjusted EBITDA of EUR 1 million to EUR 4 million. The reason for this is the unexpectedly subdued customer demand in the year-end business.
Despite this restrained customer demand, the Company was able to achieve a positive operating cash flow of around EUR 2.3 million in the 2022 financial year thanks to targeted working capital management.
The Company is expected to publish the final figures for the 2022 financial year on 31 March 2023 and will hold an earnings call on the same day.
This publication contains supplemental financial measures (not specifically identified in relevant accounting frameworks) that are, or may be, so-called alternative performance measures. For the purpose of assessing fashionette's financial condition and results of operations, these supplemental financial measures should not be considered in isolation or as an alternative to the financial measures presented in the consolidated financial statements and determined in accordance with relevant accounting frameworks. Other entities that present or report alternative performance measures with a similar title may calculate them differently. Explanations of financial ratios used can be found in the fashionette AG Annual Report 2021, which is available at https://ir.fashionette.com/.
06-Feb-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Lierenfelder Straße 45|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1552647|
|End of Announcement||EQS News Service|
1552647 06-Feb-2023 CET/CEST