Westwing Group SE (LTS:0AA2)
€ 15.53 -0.30 (-1.9%) Market Cap: 295.76 Mil Enterprise Value: 239.96 Mil PE Ratio: 11.05 PB Ratio: 3.42 GF Score: 52/100

Q1 2025 Westwing Group SE Earnings Call Transcript

May 8, 2025 / 08:00 AM GMT
Release Date Price: €7.78 (+4.99%)

Key Points

Positve
  • Westwing Group SE (XTER:WEW) improved its adjusted EBITDA margin by 3 percentage points to 8%, delivering €9 million in Q1 2025.
  • The Western Collection, a sustainable private label product brand, grew its share of overall GMV by 11 percentage points to 62% in Q1 2025.
  • The company successfully launched operations in Sweden and continued its store expansion with a new store in Paris.
  • Westwing Group SE (XTER:WEW) reported a positive net result of €2.5 million in Q1 2025, indicating a turn towards real profitability.
  • The company maintains a strong balance sheet with a net cash position of €57 million and no debt, aside from lease obligations.
Negative
  • Revenue declined by 1% year over year due to shifts in product assortment and dampened consumer sentiment.
  • Free cash flow was negative at minus €9 million, primarily due to a seasonal increase in inventory.
  • The international segment saw a revenue decline of 4% year over year, impacted by changes in the product assortment.
  • Net inventories increased by €19 million year over year, driven by timing effects and new product introductions.
  • The company anticipates increased ramp-up costs for expansion as new stores and countries are launched throughout the year.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WEW.DE - Westwing Group SE
Q1 2025 Westwing Group SE Earnings Call
May 08, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone. And thank you for joining us for our earnings call on the first quarter of 2025.

My name is Andreaserning. I'm the CEO of West Wing. I'm hosting the call together with Sebastian Destri, our CFO.

Looking at today's agenda, I will begin by providing key updates on our business for Q1 2025. After which, Sebastian will share the details of West Wing's financial performance.

After our investment highlight summary, we will be happy to take your questions.

Let's take a look at the current state of West Wing. Overall in Q1, even without scale effects, we improved our profitability significantly.

Our revenue declined by 1% year by year due to shifts in our product assortment.
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