DGAP-News

Westwing Group AG: Capital Markets Day 2021 - Westwing targets EUR 1 billion in revenue and more than EUR 100 million in Adj. EBITDA profitability by 2024/25

DGAP-News: Westwing Group AG / Key word(s): Capital Markets Day/Quarterly / Interim Statement Westwing Group AG: Capital Markets Day 2021 - Westwing targets EUR 1 billion in revenue and more than EUR 100 million in Adj. EBITDA profitability by 2024/25 12.05.2021 / 08:00 The issuer is solely responsible for the content of this announcement. Capital Markets Day 2021 - Westwing targets EUR 1 billion in revenue and more than EUR 100 million in Adj. EBITDA profitability by 2024/25

• Strategy and initiatives defined to grow to EUR 1 billion in revenue and a very strong profitability of more than EUR 100 million Adj. EBITDA by 2024/25
• Westwing is raising its long-term profitability target to 15% Adj. EBITDA, confirming the very attractive profitability of its consumer love brand strategy
• Strong financial start in the first quarter 2021 with a revenue of EUR 138m at 105% year-over-year growth and EUR 20m Adj. EBITDA at an Adj. EBITDA margin of 14%
• Positive outlook for 2021 confirmed: Revenues of EUR 510-550m (growth of 18-27% yoy) and Adj. EBITDA of EUR 42-55m (8-10% Adj. EBITDA margin) expected

Munich, May 12, 2021. Westwing, the European leader in inspiration-based Home & Living eCommerce, presents its "Strategy and targets 2024/25" at today's Capital Markets Day.

Strategy and targets 2024/25

The Home & Living market is still at a very early stage of eCommerce, which will enable strong online market growth through dynamic eCommerce adoption in the years to come. Based on this massive growth opportunity in its EUR 120bn market, Westwing announces its "Strategy and targets 2024/25".

With the multiyear strategic program "Westwing Customer Experience 2.0", the Company follows a clear and ambitious pathway to grow to EUR 1 billion in revenue by 2024/25. This growth target is combined with a strong profitability target based on Westwing's consumer love brand strategy. Westwing targets more than EUR 100 million Adj. EBITDA profitability annually by 2024/25. Furthermore, this high profitability will continue to result in strong cash generation to drive substantial financial value creation, based on Westwing's best-in-class cash conversion.