windeln.de SE — Earnings Release 2016

May 18, 2016

News Details

Ad-hoc | 18 May 2016 00:30

windeln.de AG: windeln.de adjusts outlook for 2016

windeln.de AG / Key word(s): Change in Forecast/Forecast

18.05.2016 00:30

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windeln.de adjusts outlook for 2016

windeln.de group expects not to reach the revenues and earnings forecasts
for the financial year 2016. After record revenues in March, revenues with
customers in China in April and May are below expectations. Based on an
updated forecast, the Management Board decided to adjust its outlook for
the financial year 2016 today.

windeln.de group now expects an increase in revenues of approximately 30
percent year over year and an adjusted EBIT margin between -10 to -12
percent in 2016. The gross margin is still expected to be at least 28
percent.

On April 8th 2016, the Chinese government changed import and customs
regulations for the delivery of goods to China. windeln.de's shipments to
China are not affected except for a moderate increase in customs. The new
regulations particularly aim at reducing uncontrolled shipments of goods to
China by unauthorized traders by starting to tax them. As a result, the
Management Board of windeln.de sees additional upside potential for its
Chinese business in the medium-term. Among other initiatives windeln.de
plans to exploit this by opening a "tmall" shop in the second half of the
year. Currently however, uncertainty and reluctance to purchase exist among
Chinese customers as details of the revised regulation and its practical
impact have not yet been clarified.

In addition to the initiatives for the Chinese business, the Management
Board has initiated further measures to support the company's growth and to
further improve profitability:
- The migration of the ERP system to Microsoft AX is the basis to
improving operational performance and allows scalability. At this
point, the implementation of AX has largely been completed. As
expected, the conversion temporarily affects results in April and May

• The integration of windeln.de's foreign subsidiaries is progressing as
  planned - especially in IT, marketing and purchasing. This will lead to
  significant synergies within the next 12 to 24 months at continued
  strong growth.

Further information will be published with the announcement of our results
for the first quarter 2016.

18.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: windeln.de AG
Hofmannstr.51
81379 Munich
Germany
Phone: 089 / 416 17 15-0
Fax: 089 / 416 17 15-11
E-mail: investor.relations@windeln.de
Internet: www.windeln.de
ISIN: DE000WNDL110
WKN: WNDL11
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange

End of Announcement DGAP News-Service

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