Westwing Triumphs in Q1 2024: Outpaces Declining Market & Boosts EBITDA Margin

• In Q1 2024, Westwing's revenue grew 6% year-over-year to EUR 109 million in a declining market.
• The number of active customers increased year-over-year for the first time since the end of the pandemic (+2% year-over-year).
• The contribution margin increased to 32% (+4pp year-over-year).
• Adjusted EBITDA amounted to EUR 6 million at an adjusted EBITDA margin of 5.8% (+0.9pp year-over-year).
• Westwing’s adjusted EBITDA profitability and a strong net working capital of EUR -18 million resulted in a free cash flow of EUR 4 million in Q1 and a net cash position of EUR 82 million at the end of March 2024.
• The Westwing Collection share increased by 5 percentage points year-over-year to 51% of Group GMV.

The next important date, Publication of the quarterly report for the first quarter of 2024, at Westwing is on 07.05.2024.

The price of Westwing at the time of the news was 8,3100EUR and did not change compared to the previous day.

Westwing

+6,20 %

+1,93 %

+6,57 %

+14,05 %

+2,43 %

-80,81 %

-13,88 %

-68,14 %

-66,43 %

ISIN:DE000A2N4H07WKN:A2N4H0

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