Westwing Group SE Provides Guidance for the Full Year 2022
March 28, 2022 at 12:34 pm EDT
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Based on the Westwing Group SE's planning process, various scenario analysis and 2022 current trading, the Management Board of the Company decided on the guidance for the full year 2022. The Company expects revenues for 2022 between EUR 460 million and EUR 540 million with a growth rate of -12% to +3% in 2022, with positive growth rates expected again for the second half of 2022. The Company's revenue guidance reflects the intensified adverse market developments and significantly lower consumer sentiment observed across all segments and customer groups over the last months.
Given the lower revenue expectations, taken strategic growth investments, and continued negative effects from global supply chain disruptions. This guidance is provided in times of high uncertainty around consumer sentiment, supply chain disruptions, inflation and geopolitical developments and assumes no further deterioration during the remainder of 2022.
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 
