EQS-News: In Q3 2024 setzte Westwing das Wachstum in einem rückläufigen Markt fort und verbesserte die bereinigte EBITDA-Marge gegenüber Vorjahr - boerse.de from

Westwing Maintains Growth in Q3 2024 Amidst Market Decline

Key Highlights:

- Revenue increased by 4.7% year-over-year, reaching €162.7 million in Q3 2024. - Adjusted EBITDA margin improved to 2.5%, up from 0.3% in Q3 2023. - Active customer base expanded to 2.5 million, a 10.4% increase.

Continued Expansion Amidst Adversity

Westwing, a leading European online retailer for home and living, has reported continued growth in the third quarter of 2024, demonstrating its resilience amidst a challenging market environment. Despite the overall decline in the home and living sector, Westwing's revenue increased by 4.7% year-over-year, reaching €162.7 million in Q3 2024. This growth was driven by a number of factors, including the company's strong brand recognition, its focus on providing high-quality products at competitive prices, and its efficient marketing and logistics operations.

Improving Profitability

In addition to revenue growth, Westwing also reported a significant improvement in its profitability in Q3 2024. The company's adjusted EBITDA margin increased to 2.5%, up from 0.3% in the same period last year. This improvement was the result of a number of cost-cutting initiatives, as well as the company's continued focus on growing its higher-margin business segments.

Expanding Customer Base

Westwing's active customer base continued to expand in Q3 2024, reaching 2.5 million, a 10.4% increase year-over-year. This growth was driven by the company's ongoing marketing efforts, as well as its focus on providing a seamless and enjoyable shopping experience. The company's strong customer base is a key driver of its continued growth, as it provides a solid foundation for future revenue generation.

Conclusion

Westwing's performance in Q3 2024 demonstrates the company's resilience and its ability to navigate challenging market conditions. The company's continued growth in revenue, profitability, and customer base positions it well for continued success in the future.