Germany's Westwing Q2 revenue rises on expansion into new countries

Westwing SE

06/08/2026 06:16

Overview
Germany online home retailer's Q2 revenue rose 14% yr/yr, driven by country expansion
Q2 adjusted EBITDA fell yr/yr, impacted by margin pressure and one-off system migration costs
Company completed EUR 8 mln share buyback and confirmed full-year revenue guidance

Outlook
Westwing expects FY 2026 revenue between EUR 470 mln and EUR 495 mln
Company projects FY 2026 adj EBITDA of EUR 36 mln to EUR 48 mln, margin 7.7%-9.7%
Westwing says outlook reflects macro uncertainties, including Middle East conflict and high energy prices

Result Drivers
COUNTRY EXPANSION - Co said revenue and GMV growth were driven by expansion into new countries and recurring sales events
PARTNER BRANDS - Growth in third-party assortment GMV was supported by onboarding new partner design brands
MARGIN PRESSURE - Adjusted EBITDA was impacted by macro-driven margin pressure and negative one-off effects from system migration

Company press release: ID:nEQkLpF2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
EUR 113 mln
EUR 105.80 mln (1 Analyst)
Q2 Adjusted EBITDA
 
EUR 5.40 mln
 
Q2 GMV
 
EUR 127 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the department stores peer group is "buy"
Wall Street's median 12-month price target for Westwing Group SE is €23.50, about 62.1% above its August 5 closing price of €14.50
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 4 - Germany's Zalando Q2 revenue beats on contribution from ABOUT YOU acquisition
Aug 4 - Wayfair Q2 revenue slightly beats estimates on order growth
Aug 5 - Shopify Q2 revenue rises 34% on broad GMV growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)