ISIN:DE000A2N4H07

DGAP-News: Westwing reports second quarter 2022 results

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星期四, 八月 11, 2022
Collection, The Love Brand, Growth, EUR, Group, Creativity, Environment, Founder, Marketing, COVID-19, Company, Acquisition, Economics, Â, Social media, U2 Go Home: Live from Slane Castle, Ireland, West Wing, CEST, Bank, Video game, Pharmaceutical industry

In comparison to its pre-pandemic size, Westwings topline performed strongly, growing at a compound annual growth rate of +21% since the second quarter of 2019

Key Points: 
  • In comparison to its pre-pandemic size, Westwings topline performed strongly, growing at a compound annual growth rate of +21% since the second quarter of 2019
    Strong net cash position of EUR 64m with no financial debt at the end of the second quarter 2022, providing strategic optionality in uncertain times
    Munich, August 11, 2022 // Westwing, the leader in inspiration-based Home & Living eCommerce in Europe, announced its results for the second quarter of 2022.
  • Westwing delivered EUR 103m (Q2 2021: EUR 132m) in revenue for the second quarter of 2022 at a negative year-over-year growth rate of -22% amid a challenging macro environment.
  • Trading in the first half of 2022 was adversely affected by a very low consumer demand for Home & Living, with the consumer confidence level for the second quarter of 2022 dropping even lower than at the onset of the global COVID-19 pandemic in Q1 2020.
  • Driven by a lower topline as well as investment decisions taken in 2021, Adjusted EBITDA for the Group amounted to EUR -2.3m at -2.3% Adjusted EBITDA margin in the second quarter of 2022 (Q2 2021: EUR11m at 8.1%).

DGAP-News: Westwing Group SE: Westwing appoints Andreas Hoerning as new CEO from July 1, 2022 with Founder Stefan Smalla moving to an advisory role

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星期五, 六月 17, 2022
Doctor of Philosophy, Time, Â, Management, CEO, SE, Customer, Boston Consulting Group, Collection, Supervisory board, Marketing, Founder, Saskatchewan River Sturgeon Management Board, Investment, News, Cryptocurrency, Renewable energy, West Wing

Westwing Group SE: Westwing appoints Andreas Hoerning as new CEO from July 1, 2022 with Founder Stefan Smalla moving to an advisory role (news with additional features)

Key Points: 
  • Westwing Group SE: Westwing appoints Andreas Hoerning as new CEO from July 1, 2022 with Founder Stefan Smalla moving to an advisory role (news with additional features)
    The issuer is solely responsible for the content of this announcement.
  • Andreas Hoerning, current Chief Commercial Officer and Founder of the Westwing Collection will become CEO of Westwing Group SE on July 1, 2022.
  • Stefan Smalla, Founder & current CEO, leaves the Management Board by mutual agreement effective June 30, 2022 and will continue to advise the company.
  • Munich, June 17, 2022 // Westwing Group SE announces that effective July 1, 2022 current Chief Commercial Officer Andreas Hoerning will become Chief Executive Officer (CEO).

DGAP-News: Westwing reports first quarter 2022 results

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星期三, 五月 11, 2022
Investment, West Wing, EBITDA, Company, EUR, Collection, International, DACH, Pressure, CEST, Group, Efficiency, GMV, U2 Go Home: Live from Slane Castle, Ireland, Growth, Acquisition, Silviculture, Video game, Technology

EBITDA margin)

Key Points: 
  • EBITDA margin)
    Munich, May 11, 2022 // Westwing, the leader in inspiration-based Home & Living eCommerce in Europe, announced its results for the first quarter of 2022.
  • The total number of Active Customers at the end of the first quarter of 2022 amounted to 1.6m, which was down by 7% year-over-year.
  • The strategically important and high-margin Westwing Collection generated 37% of overall Group GMV (+6 percentage points year-over-year) in the first quarter of 2022.
  • Westwing confirms its outlook for 2022 published in March 2022.

DGAP-News: Westwing reports profitable growth for FY 2021: EUR 522m revenue at 21% growth yoy and EUR 40m Adj. EBITDA at 7.7% Adj. EBITDA margin 2021

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星期五, 四月 1, 2022
EBITDA, Company, Marketing, GMV, Growth, CEST, Environment, International, DACH, Annual general meeting, WE, EUR, Technology, Film, Renewable energy, Collection, West Wing

Westwing reports profitable growth for FY 2021: EUR 522m revenue at 21% growth yoy and EUR 40m Adj.

Key Points: 
  • Westwing reports profitable growth for FY 2021: EUR 522m revenue at 21% growth yoy and EUR 40m Adj.
  • Westwing reports profitable growth for FY 2021: EUR 522m revenue at 21% growth yoy and EUR 40m Adj.
  • Growth was delivered across both segments, with the DACH segment generating revenue growth of 22% and International generating growth of 19%.
  • Westwing also delivered positive Free Cash Flow of EUR 2.7m for FY 2021, ending the FY 2021 with a strong Net Cash position of EUR 97m.

DGAP-News: Westwing Group SE: Conversion into European Public Stock Corporation Complete

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星期四, 二月 24, 2022
DGAP, News, EUR, Frankfurt Stock Exchange, Video game, West Wing

Westwing is the leader in inspiration-based Home & Living eCommerce in Europe with EUR 522m of revenue in 2021.

Key Points: 
  • Westwing is the leader in inspiration-based Home & Living eCommerce in Europe with EUR 522m of revenue in 2021.
  • Through its 'shoppable magazine', Westwing inspires its loyal home enthusiast customers with a curated product selection and combines that with gorgeous content.
  • With unparalleled loyalty, Westwing is generating more than 80% of sales from repeat customers.
  • Westwing went public on the Frankfurt Stock Exchange in October 2018 and is active in eleven European countries.