US EditionOnline EU furniture business improves profitability despite lower sales - Big Furniture Group
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Online EU furniture business improves profitability despite lower sales - Big Furniture Group
Online European furniture business Westwing has reported a decline in first quarter sales but an improvement in EBITDA. According to its latest trading update for Q1 2025, total sales fell by 1.2% to €107.5m from €108.6m due to shifts in product assortment. Adjusted EBITDA increased to €9m, up from €6m, at an adjusted EBITDA margin of 8% (+3pp year-over-year). Since the beginning of the year, Westwing made meaningful progress towards its strateg…
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