Overview

• Germany online home retailer's 2025 revenue rose 1.1%, reaching upper half of guidance

• Adjusted EBITDA for 2025 jumped 84%, significantly above initial guidance

• Company started new share buyback program in February 2026

Outlook

• Westwing expects 2026 revenue of EUR 470 mln to EUR 495 mln, up 5% to 10% year-over-year

• Company sees 2026 adjusted EBITDA of EUR 36 mln to EUR 48 mln, margin of 7.7% to 9.7%

• Guidance reflects temporary headwinds from Middle East conflict and elevated energy and fuel prices

Result Drivers

• BLACK WEEK & YEAR-END SALES - Q4 revenue growth was driven by strong performance during Black Week and at year-end

• PREMIUM ASSORTMENT SHIFT - The negative effect on revenue from shifting to a more premium and smaller product assortment began to subside in Q4

• WESTWING COLLECTION GROWTH - High-margin Westwing Collection GMV grew 17% year-over-year to a record EUR 321 mln, increasing its share to 63% of GMV

Company press release: ID:nEQ65hX89a

Key Details

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 43.7% above its March 25 closing price of €16.35

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

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.)