Westwing has reported strong financial results for the first quarter of 2026, with the company recording double-digit growth across key performance indicators as it continues its international expansion strategy.
© Westwing
The home and living retailer announced gross merchandise volume (GMV) growth of 13% year-on-year, reaching €135 million during the quarter, while revenue increased by 11% to €120 million. According to the company, performance was supported by a successful January sales campaign and continued momentum from its expansion activities.
Adjusted EBITDA reached €9.6 million, reflecting an 8% margin and a year-on-year improvement of €0.5 million. Meanwhile, free cash flow stood at negative €2 million, with net working capital remaining negative at €5.6 million.
Westwing also reported a strong quarter-end net cash position of €84 million, representing a €27 million improvement compared to the same period last year. During the quarter, the company invested €3 million in a share buyback programme launched in February, repurchasing approximately 183,000 shares, equivalent to around 0.9% of its share capital.
Looking ahead, the company said it remains focused on executing the third phase of its long-term value creation strategy. This includes scaling operations across 12 new markets, including the recently launched UK platform, as well as expanding its existing retail store portfolio.
Source: LinkedIn.
