Westwing Group SE Reports Earnings Results for the Full Year Ended December 31, 2022
March 30, 2023 at 03:59 am EDT
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Westwing Group SE reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was EUR 430.8 million compared to EUR 522.5 million a year ago. Net loss was EUR 32.4 million compared to net income of EUR 12 million a year ago.
Basic loss per share from continuing operations was EUR 1.58 compared to basic earnings per share from continuing operations of EUR 0.58 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.