Westwing: very successful third quarter 2020

The third quarter of 2020 was extremely successful for the internet shopping club Westwing: A press release issued by the company mentions 66% sales growth (to EUR 99 million); the EBITDA margin improved by 18 percentage points to 10.9% (-7.1% in the same period of the previous year). The supplier attributes this to the increasing popularity of Internet shopping, also for interior design and decorative items. "The renewed strong growth is driven both by existing customers with higher activity and repeat purchases and by a very strong acquisition of new customers," the press release states.
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