Germany · Delayed Price · Currency is EUR Westwing Group SE Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 14% year-over-year in Q2 2026, driven by expansion and recurring sales, while adjusted EBITDA declined due to margin pressure and one-off system migration costs. Guidance for full-year revenue and profitability is confirmed, with growth expected to moderate in Q3 due to temporary weather impacts.
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Q1 2026 saw 11% revenue growth and improved profitability, driven by expansion and a strong sales event. Guidance for 2026 is confirmed, but macro risks from the Middle East conflict and weak consumer sentiment may pressure margins.
Fiscal Year 2025
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Adjusted EBITDA surged 84% to €44M with strong cash flow and margin gains, despite only modest revenue growth. 2026 guidance anticipates 5–10% revenue growth and continued profitability, but warns of margin pressure from macro headwinds and expansion investments.
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Q3 2025 saw 5.4% GMV and 3.4% revenue growth, with adjusted EBITDA up 73% and a strong net cash position. Expansion into 10 new countries and seven new stores drove brand presence, while profitability and cash flow improved. Guidance for 2025 is confirmed at the upper end.
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Q2 2025 saw a 61% rise in adjusted EBITDA to €6M and a positive net result, despite a 3.6% GMV decline. Expansion into eight new countries and store openings supported growth, with guidance reaffirmed for positive free cash flow and a return to growth in 2026.
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Q1 2025 delivered improved profitability with an 8.5% adjusted EBITDA margin and a positive net result, despite a 1% revenue decline. Expansion into new markets and stores, a higher share of premium products, and strong cash position underpin guidance for continued growth and margin improvement.
Fiscal Year 2024
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Revenue grew 4% year-over-year to EUR 444 million, with adjusted EBITDA at EUR 24 million and free cash flow of EUR 9 million, despite a challenging market and a strategic shift to premium products. 2025 guidance anticipates flat to slightly negative revenue but improved profitability, with a midterm target of over 10% EBITDA margin.
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Revenue and GMV grew despite a declining market, with strong gains in premium product share and profitability. Complexity reduction and premiumization measures weighed on short-term top line but improved margins and set up for long-term growth. Net cash remains strong at €63 million.
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Q2 2024 saw 5% GMV and 4% revenue growth, with improved margins and a strong net cash position of EUR 72 million. Guidance for 2024 is confirmed, but H2 is expected to face headwinds from economic conditions and strategic premiumization.