Westwing Group SE Shows Strong Q1 Growth Amidst Strategic Investments

Westwing Group SE achieved its highest quarterly growth since 2022, with a 13% year-over-year rise in GMV reaching €135m and an 11% increase in revenue totaling €120m. This success was fueled by a robust January sales event and expansion into ten new countries. The Westwing Collection outperformed, growing its GMV by 14% to €84m, comprising 63% of total GMV.

International sales witnessed a 22% increase year-over-year, accounting for €57m, while DACH region growth was 3%, at €63m. Despite substantial growth investments, profitability remained resilient with an adjusted EBITDA of €9.6m, an 8% margin. Fulfillment efficiencies led to a 1.9pp improvement in contribution margin, reaching 34.1%.

Management reaffirmed its FY26 guidance, projecting a 5-10% revenue growth and an adjusted EBITDA of €36-48m. With €84m net cash, Westwing continues to allocate capital effectively, buying back stock and managing its balance sheet.