{"id":42598,"date":"2018-11-28T12:55:10","date_gmt":"2018-11-28T11:55:10","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=42598"},"modified":"2018-11-28T11:16:29","modified_gmt":"2018-11-28T10:16:29","slug":"westwing-balance-sheet","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/42598\/westwing-balance-sheet\/","title":{"rendered":"Westwing aims to be in the black in 2018"},"content":{"rendered":"

On October 9, the online furniture store Westwing went public on the Frankfurt Stock Exchange. The Munich-based company is now presenting its first financial results since its IPO.<\/strong><\/p>\n

Between January and September 2018, the Munich-based online furniture store recorded earnings before interest, taxes, depreciation, and amortization of \u20ac1.2 million. In the same period last year, the company reported a loss of \u20ac7.3 million. For the full year 2018, Westwing plans to post a positive financial result for the first time in the company's history.<\/p>\n

Westwing share price falls<\/h3>\n

The 2011 Delia Fischer<\/a>The company, founded by Stefan Smalla, Tim Sch\u00e4fer, Matthias Siepe, and Georg Biersack, achieved sales of more than 175 million euros in the first three quarters of this year. This corresponds to growth of almost 20 percent over the same period last year. The company increased the share of sales generated by private labels by 7 percentage points to 18 percent of total merchandise volume.<\/p>\n

However, the strong figures have had no effect on Westwing's share price: At the start of trading today, one share of the Munich-based company cost \u20ac19.14. The issue price on October 9 was still \u20ac26.00. After an initial increase to \u20ac26.49, the price initially stagnated and has been falling for several weeks. The furniture retailer raised \u20ac132 million through the IPO. The valuation at the time of its IPO was \u20ac518 million.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

On October 9, the online furniture store Westwing went public on the Frankfurt Stock Exchange. The Munich-based company is now presenting its first financial results since its IPO. Between January and September 2018, the Munich-based online furniture store recorded earnings before interest, taxes, depreciation, and amortization of \u20ac1.2 million. In the same period last year, the company reported...<\/p>","protected":false},"author":26,"featured_media":40506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5638,1],"tags":[1705],"acf":[],"yoast_head":"\nWestwing strebt 2018 schwarze Zahlen an - Munich Startup<\/title>\n<meta name=\"description\" content=\"Am 9. Oktober ist der Online-M\u00f6belshop Westwing an die B\u00f6rse gegangen.\u00a0 Nun legt das M\u00fcnchner Unternehmen erstmals seit dem IPO Gesch\u00e4ftszahlen vor.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/42598\/westwing-balance-sheet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westwing strebt 2018 schwarze Zahlen an - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Am 9. 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