Westwing: Market share gained, 2023 sales almost at previous year's level

Westwing closed 2023 with a positive fourth quarter and generated sales of EUR 429 million, only slightly below the previous year's level (EUR 431 million). Despite the challenging macroeconomic environment, the e-commerce company was able to gain market share. Adjusted EBITDA was EUR 18 million.

For 2024, Westwing forecasts revenues of between EUR 415 million and EUR 445 million. The growth rate is expected to be between -3% and +4% compared to the previous year. The forecast takes into account continued uncertainties in consumer demand and sales risks related to the transition to a standardised product offering in some markets. The adjusted EBITDA margin is expected to be between +3 and +5 percent. Despite a promising start to the year, the company remains cautious given the current market conditions.

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