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Germany's Westwing Q3 revenue rises on growth in international segment

By Reuters News


Overview

  • Germany-based online home retailer's Q3 revenue rose 13% yr/yr, driven by international growth

  • Adjusted EBITDA grew 7% yr/yr, with margin pressured by higher fuel and logistics costs

  • Company launched share buyback programme for up to EUR 10 mln and expanded into five new markets


Outlook

  • Westwing expects FY 2026 revenue between EUR 470 mln and EUR 495 mln

  • Company anticipates FY 2026 adjusted EBITDA of EUR 36 mln to EUR 48 mln

  • Westwing expects to achieve FY 2026 revenue in the upper half of its guidance range


Result Drivers

  • INTERNATIONAL SEGMENT - Revenue and GMV growth were led by the International segment, which posted 22% and 14% yr/yr increases, respectively

  • LOGISTICS COSTS - Higher fuel prices and increased container and outbound logistics costs weighed on contribution margin

  • ORDER BACKLOG SHIPMENT - Revenue growth outpaced GMV as the company shipped backlog caused by migration to new order and warehouse management systems


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 111.40 mln

Q3 Adjusted EBITDA

EUR 6.50 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the department stores peer group is "buy"

  • Wall Street's median 12-month price target for Westwing Group SE is €23.50, about 76% above its November 4 closing price of €13.35

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago


Reuters Recommended Reads

  • Nov 4 - Mercado Libre Q3 revenue slightly beats on Commerce segment strength

  • Nov 4 - UK's Marks and Spencer interim revenue, profit beat estimates

  • Nov 4 - ThredUp's Q3 revenue rises driven by increase in orders and active buyers


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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