DGAP-News: ABOUT YOU Holding SE: ABOUT YOU revises outlook for FY 2022/2023
Retrieved on:
Tuesday, September 13, 2022
We expected a stabilisation of the macro-environment and a business recovery from the second quarter onwards.
Key Points:
- We expected a stabilisation of the macro-environment and a business recovery from the second quarter onwards.
- Our inventories and cost structures were planned accordingly, which puts a strain on profitability now that revenue growth is lower than expected.
- For this reason, we will continue to increase our focus on cost control and operational efficiency without compromising on key growth investments.
- Reaching adjusted EBITDA break-even for the Group remains our top priority for FY 2023/2024 and we reiterate our forecast to achieve this, despite current challenges."