Westwing Reports 8% Adjusted EBITDA Margin in Q1 2025

Westwing Group SE reported an adjusted EBITDA margin of 8% for Q1 2025, an increase of 3 percentage points from the previous year. Revenue slightly decreased by 1% to EUR 107 million, attributed to changes in product assortment, while Gross Merchandise Volume (GMV) fell by 5% year-over-year.

The profitability boost to EUR 9 million in adjusted EBITDA was largely driven by the implementation of the second phase of the company’s 3-step value creation plan. The Westwing Collection accounted for 62% of GMV, up by 11 percentage points.

Despite seasonally negative free cash flow of EUR -9 million, Westwing's net cash position remained healthy at EUR 57 million. The company is meeting its 2025 strategic and financial goals, with significant progress including new market entries in Luxembourg, Denmark, and Sweden.