Westwing grows in the first quarter of 2024

Online home furnishing retailer Westwing has reported a turnover of €109 million for the first quarter of 2024. This means that the company has grown by 6% compared to the previous year, despite a declining market. For the first time since the end of the pandemic, the number of active customers increased by 2% compared to the same period last year.

Adjusted EBITDA increased by EUR 1.2 million year-on-year to EUR 6.3 million, with an adjusted EBITDA margin of 5.8% (Q1 2008: 4.9%). For the full year 2024, Westwing continues to expect revenues of between EUR 415 million and EUR 445 million, which would correspond to a development of -3% to +4%.

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