Germany's Westwing Q3 revenue rises on growth in international segment

Westwing SE

05/11/2026 06:13

Overview
Germany-based online home retailer's Q3 revenue rose 13% yr/yr, driven by international growth
Adjusted EBITDA grew 7% yr/yr, with margin pressured by higher fuel and logistics costs
Company launched share buyback programme for up to EUR 10 mln and expanded into five new markets

Outlook
Westwing expects FY 2026 revenue between EUR 470 mln and EUR 495 mln
Company anticipates FY 2026 adjusted EBITDA of EUR 36 mln to EUR 48 mln
Westwing expects to achieve FY 2026 revenue in the upper half of its guidance range

Result Drivers
INTERNATIONAL SEGMENT - Revenue and GMV growth were led by the International segment, which posted 22% and 14% yr/yr increases, respectively
LOGISTICS COSTS - Higher fuel prices and increased container and outbound logistics costs weighed on contribution margin
ORDER BACKLOG SHIPMENT - Revenue growth outpaced GMV as the company shipped backlog caused by migration to new order and warehouse management systems

Company press release: ID:nEQRL8SWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 111.40 mln
 
Q3 Adjusted EBITDA
 
EUR 6.50 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 76% above its November 4 closing price of €13.35
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

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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.)