Westwing Group SE Reports Earnings Results for the First Quarter Ended March 31, 2023
May 11, 2023 at 12:52 am EDT
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Westwing Group SE reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was EUR 102.9 million compared to EUR 111.1 million a year ago. Net income was EUR 0.9 million compared to net loss of EUR 4 million a year ago.
Westwing Group SE is a Germany-based company specializing in the home and living e-commerce sector. The Company offers a broad range of home products, which include home decor products, home accessories, textiles and rugs, and large and small furniture, such as living and dining furniture, upholstery, and bedroom furniture, as well as kitchen and dining, lighting, and other products under own private label and third-party brands. It cooperates with more than 500 partners, including designer brands, manufacturers, and suppliers, such as KitchenAid, Flos, Nespresso, jankurtz, Jonathan Adler, hessnatur, among others. The Company is active in 11 European countries, including Germany, Austria, Switzerland, Belgium, the Czech Republic, France, Italy, the Netherlands, Poland, Spain, and Slovakia.