Westwing Group SE (OTCPK:WTWGF)
$ 6.47 0 (0%) Market Cap: 163.80 Mil Enterprise Value: 137.03 Mil PE Ratio: 0 PB Ratio: 2.29 GF Score: 62/100
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Q3 2024 Westwing Group SE Earnings Call Transcript

Nov 07, 2024 / 09:00AM GMT
Release Date Price: $6.47
Andreas Hoerning
Westwing Group SE - Chief Executive Officer, Member of the Management Board

Good morning, everyone. And thank you for joining us for our earnings call on the third quarter of 2024.

My name is Andreas Hoerning. I'm the CEO of WestWing. I'm hosting the call together with Sebastian Westrich our CFO looking at today's agenda, I will begin by providing key updates on the business, followed by Sebastian who will be presenting the details of WestWing's financial performance.

After our investment highlight summary, we will be happy to take your questions. Let's take a look at West's current state and the key achievements in a good third quarter of 2024. We were able to increase our GMV by 2% and our revenue by 3% year over year in a still declining market. And while shifting to a mostly global and more premium product assortment.

In the DACH segment, we clearly outperformed the market. Our top line grew 9% points faster than German online home and living adjusted EBITDA amounted to EUR4 million or 4% of revenue. This result was driven by an improved contribution

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