on Westwing Group AG (isin : DE000A2N4H07)
Westwing Reports Continued Growth Despite Economic Challenges
Westwing Group AG announced its fifth consecutive quarter of growth amidst challenging market conditions. In Q3 2026, the company's revenue increased by 13%, with Gross Merchandise Volume (GMV) rising 7% year-over-year. Despite flat consumer demand in July, due to a heatwave, growth accelerated in the months following.
Westwing's international segment drove a 14% GMV growth, overcoming slight declines in its DACH region. Revenue reached EUR 111 million, supported by an increase in active customers by 13%. Adjusted EBITDA improved by 7% to EUR 6.5 million, though the margin slightly contracted due to higher fuel costs affecting logistics.
The company expanded its international presence, adding five countries and bringing its total reach to 28 markets. It also launched a homeware collection with Victoria Beckham, further establishing its brand in premium design. Westwing expects to meet its full-year revenue guidance and continues to target efficiency and growth.
R. H.
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