Westwing Group SE Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 03:42 am EDT
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Westwing Group SE reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 101.8 million compared to EUR 103 million a year ago. Net loss was EUR 2.7 million compared to EUR 8.4 million a year ago. Basic loss per share from continuing operations was EUR 0.13 compared to EUR 0.41 a year ago.
For the six months, sales was EUR 204.7 million compared to EUR 214.1 million a year ago. Net loss was EUR 1.8 million compared to EUR 12.5 million a year ago. Basic loss per share from continuing operations was EUR 0.09 compared to EUR 0.61 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.