Westwing Group has released its financial results for the first quarter of 2024. The company reported a revenue of €108.6 million, showing a 5.5% increase compared to the same period in 2023. However, it also experienced a net loss of €1.90 million, a significant decline from the €900.0k profit recorded in the first quarter of 2023.
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Looking ahead, Westwing Group forecasts an average annual revenue growth of 6.5% over the next three years, surpassing the anticipated 5.4% growth for the Specialty Retail industry in Germany.
Source: www.finance.yahoo.com