Westwing Group SE Confirms Revenue Outlook for 2022
May 11, 2022 at 02:00 am EDT
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Westwing Group SE confirmed its outlook for 2022 published in March 2022. Based on significantly lower consumer sentiment observed across all segments over the last months, Westwing now expects to meet the lower half of the full year guidance in terms of Revenue (EUR 460 million to EUR 540 million at -12% to +3% year over year growth). Growth rate for the second half of 2022 is expected to be significantly improved compared to the first half, after the strong year-over-year baseline effects of the first half of the year phase out.
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.
WESTWING GROUP SE 
