Observed Signal · Aug 6, 2026 · Earnings Report · Source: Retail-News · Impact: 4/5 · Sentiment: Neutral
Financials Market: Westwing GMV Up 15% in Q2 2026
Westwing reported double-digit growth in the second quarter of 2026: Gross Merchandise Volume (GMV) rose 15% to €127 million and revenue increased 14% to €113 million. Adjusted EBITDA reached €5.4 million but profit margins were pressured by higher transport costs and one-off effects from migrating order and warehouse systems. Free cash flow was negative €9.4 million, primarily due to payouts related to stock option programs, while net liquidity remained at €68 million. Westwing said active customers grew double-digit, it now operates in 26 countries, and it confirmed full-year revenue guidance of €470–495 million with management targeting the upper end of the range.
Quarterly financial results confirm continued e‑commerce growth (GMV and revenue increases), updated cashflow and liquidity metrics, and an affirmed full‑year guidance — information relevant to retailers, retail media planning, and partners that rely on retailer performance.
Key Takeaways & Evidence Grounding
- Gross Merchandise Volume (GMV) rose 15% year-on-year in Q2 2026 to €127 million.
- Revenue increased 14% year-on-year in Q2 2026 to €113 million.
- Adjusted EBITDA was €5.4 million in Q2 2026, up on the prior year but impacted by macro factors and one-off system migration costs.
- Free cash flow was negative €9.4 million in Q2 2026, mainly due to payouts related to stock option program settlements; net liquidity stood at €68 million.
- Westwing is active in 26 countries, reported double-digit growth in active customers, and confirmed FY2026 revenue guidance of €470–495 million with management aiming for the upper end.
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