Germany's Westwing Q4 preliminary gross merchandise volume grows

Overview

• Germany e-commerce firm's preliminary Q4 GMV grew 9% yr/yr

• Company achieved strong net cash flow of EUR 25 mln in 2025

Outlook

• Westwing expects 2025 revenue to reach EUR 449 mln, in the upper half of guidance

• Company raises 2025 adjusted EBITDA guidance to EUR 42 mln - EUR 45 mln

• Westwing Collection share increased to 63% of GMV in 2025

Result Drivers

• BLACK WEEK SALES - Q4 GMV growth driven by strong performance during Black Week and year-end sales

• WESTWING COLLECTION - The Westwing Collection's share of GMV increased to 63% in 2025, up 8 percentage points year-over-year

• ADJUSTED EBITDA GUIDANCE - Co raised full-year adjusted EBITDA guidance to EUR 42-45 mln due to better-than-expected profitability

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "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 €19.00, about 61.7% above its January 15 closing price of €11.75

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nEQ7BKbWTa

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(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.)