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Westwing Group SE: Conversion into European Public Stock Corporation Complete
Munich, 24 February, 2022 // Westwing, the leader in inspiration-based Home & Living eCommerce in Europe, announces the conversion of Westwing Group AG into a European stock corporation (Societas Europaea, SE) which was completed on 23 February, 2022 by entry in t...
Westwing reports revenue growth of 21% year-over-year to EUR 522 million with a two-year growth of 96% as it expanded its high-margin Westwing Collection in 2021
The fourth quarter concluded a successful FY 2021 for Westwing with revenue growing to EUR 522m, resulting in strong growth rate of 21% year-over-year and a two-year growth rate of 96%
T...
Westwing delivers EUR 103m revenue with year-over-year growth of 5% in Q3 2021 on top of a high baseline from previous year
Topline level shift confirmed: EUR 103 million revenues in Q3 2021; 5% revenue growth year-over-year on top of last year's extraordinarily high baseline
Summer seasonality is also visible in profitability: EUR -0.4 millio...
Westwing reports a successful Q2 2021 with 19% revenue growth and profitability of 8% Adj EBITDA margin
Topline level shift confirmed: 19% revenue growth yoy to EUR 132 million in Q2 2021
Strong profit generation of EUR 11 million Adj EBITDA and 8% Adj EBITDA margin in Q2 2021
Westwing with five consecutive quarters of positive Free Cash Flow...
Capital Markets Day 2021 - Westwing targets EUR 1 billion in revenue and more than EUR 100 million in Adj. EBITDA profitability by 2024/25
Strategy and initiatives defined to grow to EUR 1 billion in revenue and a very strong profitability of more than EUR 100 million Adj. EBITDA by 2024/25
Westwing is raising its long-term profitability target t...
Westwing reports strong 2020 results: EUR 433 million revenue at 62% growth and profitability of EUR 50 million Adj EBITDA
The fourth quarter concluded a very successful year 2020 for Westwing with revenue growing by 62% to EUR 433 million; revenue growth accelerated to 76% in the fourth quarter of 2020
Strong profitability of EUR 50 million Adj ...
Munich, March 29, 2021 // Westwing Group AG publishes its guidance for FY 2021, which is above current market expectations due to an extraordinarily strong start into the year.
Based on preliminary estimates, Westwing expects Q1 2021 revenue growth of c. 100% compared to Q1 2020. Q1 2021 Adj EBITDA margin is expected to be around 14-15%.
Given thi...
Westwing Group AG Trading Update: FY 2020 GMV growing to EUR 502m; Q4 y-o-y growth accelerating to 79%; Adj EBITDA expected around the upper end of EUR 37-48m FY 2020 guidance
The fourth quarter concludes a very successful FY 2020 for Westwing with Gross Merchandise Volume (GMV) growing by 62% year-over-year to EUR 502m
The number of Active Custo...
Westwing reports very strong Q3 2020 results based on a continued accelerated shift towards eCommerce; 66% revenue growth and 11% Adj EBITDA margin
Growth in the third quarter 2020 continued on very high levels, further indicating an accelerated eCommerce shift
Elevated growth again driven by both, existing customers with higher engagement and re...
Munich, October 28, 2020 // Westwing, the leader in inspiration-based Home and Living eCommerce in Europe, is pleased to announce that Delia Lachance will be returning as Chief Creative Officer on November 1, 2020 after being on maternity leave since March 2020.
Delia Lachance, Founder & Chief Creative Officer, says: "My daughter is now six mo...
Munich, October 19, 2020 // Westwing Group AG ("Westwing") raises its guidance for the FY 2020 due to a strong Q3 2020 and ongoing elevated demand levels.
Based on preliminary indications, Q3 2020 revenue grew by c. 66% compared to Q3 2019. This strong growth was driven by an ongoing consumer demand shift towards eCommerce. Adjusted EBITDA margin f...
Munich, September 3, 2020 // Westwing Group AG ("Westwing") increases its guidance for the full year 2020.
For the third quarter of 2020, Westwing has so far experienced a substantially more favorable development than expected. Despite lock-down measures being eased, growth continued to be on an elevated level with Q3-to-date GMV growth of c. 55% c...
Westwing reports very strong Q2 2020 results based on accelerated shift to eCommerce; 91% revenue growth and generating EUR 23m Free Cash Flow
Accelerated eCommerce shift resulted in significant growth across all customer cohorts (existing and new customers) and across all countries
Strong Q2 financial results: Revenue growth of 91%, Adj EBIT...
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