Higher costs reduce result for Westwing

Turnover increases by 20.7% to €522.5m in 2021 financial year

Adjusted EBITDA of online furniture retailer Westwing Group SE (Munich) decreased by almost €10m, or 9.5%, to €40.4m (2020: 50.0m) in the 2021 financial year. The company justifies the decline with factors such as increased costs, especially in the second half of the year. Disruptions in supply chains, for example, ...

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