Growth accelerated further to the strongest print in years, with GMV up 15% yoy to € 127m and revenue up 14% to € 113m. The drivers were the ongoing successful country expansion, especially with the recent UK launch (International GMV grew 22%, revenue +19% yoy € 54.0m), new store openings and well performing sales events in Germany (DACH GMV grew 9%, revenue +10% yoy to € 59.4m) despite the generally weak consumer sentiment; customers are buying, but increasingly timing purchases to event windows. Third-party GMV rose 23% against 11% for the Westwing Collection, taking the WWC share to 63% (-2pp yoy), a reflection of successfully onboarded partner design brands rather than own-brand weakness, negatively impacting the gross margin by 0.7pp (51.9%).
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