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Westwing reports positive Adjusted EBITDA and Free Cash Flow for the first quarter 2023
Turnaround on profitability: Westwing generated a positive Adjusted EBITDA of EUR 5m at 4.9% Adjusted EBITDA margin in the first quarter of 2023, an improvement of EUR 7m on Adjusted EBITDA versus the previous year
Westwing is delivering on its cost saving tar...
Munich, April 24, 2023 // - The Management Board of Westwing Group SE has decided today, with the approval of the Supervisory Board, to buy-back up to a maximum of 600,000 shares of the Company (this equals up to approximately 2.87% of today’s share capital) at a total maximum aggregate purchase price without ancillary costs of up to EUR 3.0 millio...
Munich, April 24, 2023 // - The Management Board of Westwing Group SE has decided today, with the approval of the Supervisory Board, to buy-back up to a maximum of 600,000 shares of the Company (this equals up to approximately 2.87% of today’s share capital) at a total maximum aggregate purchase price without ancillary costs of up to EUR 3.0 millio...
Westwing reported positive Adjusted EBITDA and Free Cash Flow for the fourth quarter 2022
Westwing reported a positive Adjusted EBITDA of EUR 4m and a positive Free Cash Flow of EUR 12m for the fourth quarter 2022
Despite a challenging market environment, Westwing delivered against its updated guidance for FY 2022
Westwing ended the year 2022 wi...
Westwing reported positive Adjusted EBITDA and Free Cash Flow for the fourth quarter 2022
Westwing reported a positive Adjusted EBITDA of EUR 4m and a positive Free Cash Flow of EUR 12m for the fourth quarter 2022
Despite a challenging market environment, Westwing delivered against its updated guidance for FY 2022
Westwing ended the year 2022 wi...
Westwing Group SE: Sebastian Westrich will become new CFO of Westwing Group SE
Munich, January 25, 2023 // Westwing, the market leader for inspiration based Home & Living eCommerce in Europe, announces a change in the Management Board: Sebastian Westrich will take over the position of Chief Financial Officer (CFO) by 1 August 2023 at the latest...
Westwing Group SE Trading Update: FY 2022 financial guidance confirmed; positive Adjusted EBITDA and Free Cash Flow in the fourth quarter of 2022
Westwing reports a GMV of EUR 481m for the FY 2022, a decline of 18% compared to FY 2021 and a strong positive compound annual growth rate of +16% in GMV compared to pre-pandemic FY 2019, confirming the ...
Westwing Group SE: Share buyback approved
Munich, November 24, 2022 // - The Management Board of Westwing Group SE has decided today, with the approval of the Supervisory Board, to buy-back up to a maximum of 600,000 shares of the Company (this equals up to approximately 2.87% of today’s share capital) at a total maximum aggregate purchase price w...
Westwing Group SE: Share buyback approved
Munich, November 24, 2022 // - The Management Board of Westwing Group SE has decided today, with the approval of the Supervisory Board, to buy-back up to a maximum of 600,000 shares of the Company (this equals up to approximately 2.87% of today’s share capital) at a total maximum aggregate purchase price w...
Westwing reports third quarter 2022 results
Westwing delivered EUR 88m in revenue in the third quarter of 2022 at a year-over-year growth rate of -14%; revenue increased at a CAGR of +14% vs. Q3 2019
Annualized cost reductions of EUR 30m were implemented to return to Adjusted EBITDA profitability and positive Free Cash Flow in FY 2023
Decisive l...
Westwing reports third quarter 2022 results
Westwing delivered EUR 88m in revenue in the third quarter of 2022 at a year-over-year growth rate of -14%; revenue increased at a CAGR of +14% vs. Q3 2019
Annualized cost reductions of EUR 30m were implemented to return to Adjusted EBITDA profitability and positive Free Cash Flow in FY 2023
Decisive l...
Westwing reports second quarter 2022 results
Westwing delivered EUR 103m revenue in the second quarter of 2022 at a year-over-year growth rate of -22% against a backdrop of a very low consumer demand in Home & Living
In comparison to its pre-pandemic size, Westwing’s topline performed strongly, growing at a compound annual growth rate of +21%...
Westwing reports second quarter 2022 results
Westwing delivered EUR 103m revenue in the second quarter of 2022 at a year-over-year growth rate of -22% against a backdrop of a very low consumer demand in Home & Living
In comparison to its pre-pandemic size, Westwing’s topline performed strongly, growing at a compound annual growth rate of +21%...
Munich, August 10, 2022 // Westwing Group SE (“Westwing”, “the Company”) revised its outlook for the full year 2022.
Based on the Company’s recent trading with a third quarter to date 2022 Gross Merchandise Volume (GMV) decline of -10% vs prior year driven by worsening macroeconomic conditions, Westwing revised its outlook for the full year 2022.
...
Munich, August 10, 2022 // Westwing Group SE (“Westwing”, “the Company”) revised its outlook for the full year 2022.
Based on the Company’s recent trading with a third quarter to date 2022 Gross Merchandise Volume (GMV) decline of -10% vs prior year driven by worsening macroeconomic conditions, Westwing revised its outlook for the full year 2022.
...
Andreas Hoerning, current Chief Commercial Officer and Founder of the Westwing Collection will become CEO of Westwing Group SE on July 1, 2022.
Stefan Smalla, Founder & current CEO, leaves the Management Board by mutual agreement effective June 30, 2022 and will continue to advise the company.
The company will embark decisively on the next le...
Munich, June 17, 2022: Today, the Supervisory Board appointed Andreas Hoerning, currently Chief Commercial Officer of the company, as the new Chief Executive Officer (CEO) of Westwing Group SE with effect from July 1, 2022. Stefan Smalla will leave the Management Board by mutual agreement as of June 30, 2022. The Supervisory Board has resolved a co...
Westwing reports first quarter 2022 results
Westwing delivered revenue of EUR 111m in the first quarter of 2022 at -20% growth year-over-year against an extraordinary baseline from last year in a challenging demand environment with low consumer sentiment
Adj. EBITDA for the Group amounted to EUR -1.7m at -1.5% Adj. EBITDA margin driven by lowe...
Westwing reports profitable growth for FY 2021: EUR 522m revenue at 21% growth yoy and EUR 40m Adj. EBITDA at 7.7% Adj. EBITDA margin 2021
Westwing reports growth on top of a strong baseline from 2020: Revenue grew to EUR 522m at a year-over-year growth rate of 21%
Westwing generated EUR 40m profits amid supply chain headwinds and increased gr...
Westwing Group SE provides guidance for the full year 2022
Munich, March 28, 2022 // Westwing Group SE ("Westwing", "the Company") provides guidance for the full year 2022.
Based on the Company's planning process, various scenario analysis and 2022 current trading, the Management Board of the Company decided today on the guidance for the full yea...
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