Westwing with sharp decline in sales in 2022

The online retailer Westwing has to report a decline in sales of 18% for the 2022 financial year. Sales of furniture, hometextiles and accessories fell from EUR 522 million in 2021 to EUR 431 million. Earnings declined by EUR 44.7 million from EUR + 40.4 million to EUR - 4.2 million. High declines are explained by the difficult economic situation in 2022 and a simultaneously very strong year 2021.

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