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Westwing Group SE
F:WEW

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Westwing Group SE
F:WEW
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Price: 14.95 EUR 1.36% Market Closed
Market Cap: €300.5m

Westwing Group SE
Investor Relations

Westwing Group SE is an online retailer for home and living products. It sells furniture, decor, lighting, textiles, and other household items through its website and app, with a strong focus on design-led, curated products rather than a broad mass-market assortment. The company also sells its own Westwing Collection, which gives it more control over style, pricing, and margins. Its main customers are style-conscious consumers who want to furnish or refresh their homes. Westwing makes money by selling products directly to shoppers, both under its own brand and from selected outside brands. In some markets it also uses physical showrooms and inspiration content to help customers discover products, but the core business is still retailing home goods online. What makes Westwing different is that it sits between a magazine and a store: it uses editorial-style presentation to inspire purchases, then turns that interest into direct sales. That puts it in a niche part of e-commerce where taste, product curation, and brand identity matter as much as logistics. For investors, the key idea is that Westwing is not a general marketplace; it is a specialized home-furnishings seller with a curated shopping experience.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 7, 2026
AI Summary
Q1 2026

Revenue growth: Westwing said Q1 revenue rose 11% year over year to EUR 120 million, helped by a successful January sales event and continued contributions from new country launches and stores.

Profitability: Adjusted EBITDA increased to EUR 9.6 million, with an 8.0% margin, while adjusted EBIT margin held steady at 4.9%. Management said expansion spending limited the margin upside.

Expansion: The company said its new markets are meeting or slightly beating internal expectations, and that the U.K., launched on February 24, is ramping faster than other recent launches.

Outlook: Full-year 2026 guidance was confirmed at EUR 470 million to EUR 495 million of revenue and EUR 36 million to EUR 48 million of adjusted EBITDA, though management flagged Middle East-related risk and weaker consumer sentiment.

Cash position: Westwing ended March with EUR 84 million in net cash, despite EUR 3 million spent on share buybacks in Q1, and said free cash flow was better than last year.

Near-term caution: Management said Q2 has started positively but at a lower level than January’s exceptionally strong sales event, and that macro conditions are deteriorating with tougher comparisons in the second half.

Key Financials
Revenue
EUR 120 million
GMV
EUR 135 million
Adjusted EBITDA
EUR 9.6 million
Adjusted EBITDA margin
8.0%
Adjusted EBIT margin
4.9%
Gross margin
52.9%
Fulfillment ratio
-18.8%
Contribution margin
34.1%
Marketing ratio
-13.2%
G&A ratio excluding other result
-15.7%
Other result ratio
-0.3%
Net working capital
minus EUR 6 million
Free cash flow
minus EUR 2 million
Net cash
EUR 84 million
CapEx
around EUR 2 million
CapEx ratio
2% of revenue
Westwing Collection share
63%
DACH revenue growth
3%
International revenue growth
22%
DACH adjusted EBITDA margin
8.3%
International adjusted EBITDA margin
7.6%
Share buybacks
EUR 3 million
Share repurchases since program start
262,000 shares
Earnings Call Recording
Other Earnings Calls

Management

Mr. Andreas Hoerning
CEO & Chairman of Management Board
No Bio Available
Mr. Sebastian Westrich
CFO & Member of Management Board
No Bio Available
Ms. Delia Lachance
Founder & Chief Creative Officer
No Bio Available
Georg Biersack
Co-Founder
No Bio Available

Contacts

Address
BAYERN
Muenchen
Moosacher Str. 88
Contacts
+49895505440.0
www.westwing.com
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