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DGAP-News: windeln.de SE / Key word(s): Strategic Company Decision/9 Month figures
windeln.de initiates consultation process on the discontinuation of the Bebitus business
Munich, 27. Oktober 2021: windeln.de SE ("windeln.de", "Group" or "Company"; ISIN DE000WNDL201) today announces that the intended sale of the Southern European business unit Bebitus could not be realized. The Management Board of windeln.de SE had been in negotiations with various parties regarding a possible sale since March 2020. The sales process was significantly complicated by the outbreak of the corona pandemic. The Company had already indicated in the 2021 half-year report that the Bebitus business might be abandoned if no buyer could be found. In the absence of a concrete purchase offer, the Management Board has now decided to initiate a formal consultation process, which may lead to the closure of the Bebitus business.
In the coming weeks, negotiations on the modalities of a discontinuation of the Bebitus business will take place with an employee representative body to be formed under Spanish law for this purpose, the outcome of which will be implemented, subsequently.
A possible closure of operations and discontinuation of the Bebitus business would have no impact on the adjusted forecast for the fiscal year 2021 as published on August 9, 2021. The Management Board of windeln.de adheres to this forecast.
Matthias Peuckert, CEO of windeln.de, comments: "Our ambition is to stop the loss-making business unit from having a negative impact on the Group's earnings. In the coming weeks, we will negotiate with the elected representative body in an open-ended manner in order to achieve a satisfactory result."
With the announcement to initiate the consultation process, windeln.de publishes the preliminary segment figures of the Bebitus segment for the third quarter of 2021. In the first nine months of 2021, revenues of the Bebitus business amounted to approx. EUR 1,671k, with a gross profit margin of approx. EUR 310k. Selling, general and administrative expenses, as well as other operating income and expenses, totaled approx. EUR -941k in the same period, and the adjusted EBIT was approx. EUR -608k. The adjustments totaled approx. EUR 22k and mainly include expenses related to the initiation of the consultation process. The unadjusted EBIT thus amounted to approx. EUR -630k.
The consolidated interim report of windeln.de SE as of September 30, 2021 will be published on the IR website on November 11, 2021: https://corporate.windeln.de/en/investor-relations/#publications.
27.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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