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DGAP-News: Westwing reports second quarter 2022 results

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Thursday, August 11, 2022

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

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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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Friday, June 17, 2022

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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)

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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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Wednesday, May 11, 2022

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EBITDA margin)

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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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Friday, April 1, 2022

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

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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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Thursday, February 24, 2022

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

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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.

Mapp Closes 2021 with Record-Breaking Growth

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Thursday, January 27, 2022

SAN DIEGO, Jan. 27, 2022 /PRNewswire/ -- International provider of insight-led customer experiences and one of the world's largest privately-held Martech platforms, Mapp , has reported record-breaking year-over-year growth for 2021.

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SAN DIEGO, Jan. 27, 2022 /PRNewswire/ -- International provider of insight-led customer experiences and one of the world's largest privately-held Martech platforms, Mapp , has reported record-breaking year-over-year growth for 2021.
Mapp strategically partnered with several new agencies, system integrators, and technology vendors in 2021, eyeing its future expansion into 2022.
"We're proud of the huge growth we've achieved in 2021 and welcome on board many new clients, partners and vendors who have joined Mapp past year and became part of our great expansion," said Steve Warren, CEO of Mapp.
Among the 2021 Mapp Cloud platform improvements are the addition of two new marketing channels: direct mail and web push notifications.

DGAP-News: Westwing reports revenue growth of 21% year-over-year to EUR 522 million with a two-year growth of 96% as it expanded its high-margin Westwing Collection in 2021

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Thursday, January 20, 2022

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For FY 2021, topline grew significantly to EUR 522m in revenue (FY 2020: EUR 433m), realizing 21% year-over-year growth and a very strong 96% two-year growth rate.

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For FY 2021, topline grew significantly to EUR 522m in revenue (FY 2020: EUR 433m), realizing 21% year-over-year growth and a very strong 96% two-year growth rate.
Westwing delivered a solid fourth quarter 2021 with EUR 166m in GMV (Q4 2020: EUR 175m) against a strong baseline 2020.
Profitability for FY 2021 has meanwhile been supported as planned by the tremendous growth of the strategically important Westwing Collection.
Westwing will publish its annual report for FY 2021 including outlook for FY 2022 on March 29, 2022.