Westwing's 2024 Financial Performance and 2025 Outlook

Westwing Group SE reported positive results for 2024, achieving revenue growth of 4% year-over-year, reaching EUR 444 million. The company's adjusted EBITDA for the year stood at EUR 24 million, marking the upper range of guidance. Despite a challenging market environment, Westwing maintained a strong net cash balance of EUR 69 million by the end of the year.

The Westwing Collection's contribution represented a record 55% of GMV in 2024. The strategic shift to a global premium product assortment temporarily dampened topline growth but aimed at long-term profits. As part of its third-phase growth strategy, Westwing plans to expand its market presence, targeting revenue of EUR 425 to EUR 455 million and adjusted EBITDA margins of 6-8% in 2025.

The company is set to enter new markets, including Luxembourg and Denmark, while planning more offline store openings. Despite the expected short-term sales impact, Westwing anticipates profitability improvements, positioning itself as a leading premium home and living e-commerce destination in Europe.