Germany's Westwing Q1 revenue rises on January sales event

Westwing SE

07/05/2026 06:14

Overview

Germany home furnishings e-commerce firm's Q1 revenue rose 11% yr/yr to EUR 120 mln

Adjusted EBITDA for Q1 grew 6% yr/yr, margin declined to 8.0% from 8.5%

Company repurchased EUR 3 mln in shares, about 0.9% of share capital

Outlook

Westwing expects 2026 revenue of EUR 470 mln to EUR 495 mln, up 5% to 10% y/y

Company sees 2026 adjusted EBITDA of EUR 36 mln to EUR 48 mln, margin of 7.7% to 9.7%

Outlook reflects expected headwinds from Middle East conflict and high energy and fuel costs

Result Drivers

JANUARY SALES EVENT - Co said revenue and GMV growth in Q1 were supported by a successful January sales event

EXPANSION INITIATIVES - Continued momentum from expansion initiatives, especially in new countries, contributed to Q1 growth

WESTWING COLLECTION GROWTH - Westwing Collection GMV increased 14% yr/yr, raising its share of total GMV to 63%

Company press release: ID:nEQ8Zf8VWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 120 mln
Q1 Adjusted EBITDA
EUR 9.60 mln
Q1 GMV
EUR 135 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 79.4% above its May 6 closing price of €13.10

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)