Slides
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WESTWING
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Copyright © 2026 Westwing. All rights reserved. Q2 2026 Results Munich, August 6 th , 2026
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3 Disclaimer | Forward - looking statements Certain statements in this communication may constitute forward - looking statements. These statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties. You should not rely on these forward - looking statements as predictions of future events, and we undertake no obligation to update or revise these statements. Our actual results may differ materially and adversely from any forward - looking statements discussed in these statements due to a number of factors. These include, without limitation, risks from macroeconomic developments, external fraud, inefficient processes at fulfilment centres, inaccurate personnel and capacity forecasts for fulfilment centres, hazardous materials/production conditions with regard to private labels, insufficient innovation capabilities, inadequate data security, insufficient market knowledge, strike risks and changes in competition levels.
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4 Agenda Business Update Financial Update Investment Highlights Q&A Appendix
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5 Business Update
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6 Note: Figures in this section are presented on an adjusted basis, i.e. excluding ( i ) share - based payments and (ii) restructuring expenses. Adjusted EBITDA is calculated by adjusting reported EBITDA for these ite ms. All figures unaudited. State of Westwing We delivered strong growth amid a challenging macro environment. • Revenue increased by 14% year - over - year ( yoy ), driven by country expansion and strong recurring sales events. • Adjusted EBITDA reached EUR 5.4 million at a 4.8% margin ( - 1.5pp yoy ), impacted by expected macro - driven pressure on contribution margin as well as negative one - off effects. • Free cash flow was EUR - 9.4 million in Q2, including EUR - 9.5 million for the settlement of primarily legacy stock options. • Net working capital remained negative at EUR - 5.5 million, improving EUR 11 million yoy . • Net cash stood at EUR 68 million at the end of the quarter (EUR +18 million yoy ), despite option settlements and share buybacks. We are confirming our FY 2026 guidance. • Revenue of EUR 470 million to EUR 495 million (+5% to +10% yoy growth), expected to land in the upper half. • Adjusted EBITDA of EUR 36 million to EUR 48 million . We continue to deliver on our 3 - step value creation plan. • Westwing Collection GMV increased by 11% yoy . 3 rd party assortment grew +23% yoy , driven by onboarding of new design brands. • Geographic expansion remained on track , with growing UK momentum and three additional countries launched end of July. • Physical brand and product experience was further strengthened with new stores in Munich and Frankfurt. • New order and warehouse management systems were launched at the end of May. While the migration caused one - off costs, we already see faster delivery times and efficiency gains in the warehouse. • A 3 rd party - operated UK warehouse was opened in July to improve local delivery times and increase supply chain efficiency.
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7 Note: Figures in this section are presented on an adjusted basis, i.e. excluding ( i ) share - based payments and (ii) restructuring expenses. Adjusted EBITDA is calculated by adjusting reported EBITDA for these ite ms. All figures unaudited. We are making progress in the third phase of our 3 - step plan Profitability levers Topline levers Westwing Collection share increase OneWestwing commercial model - 1% to +4% Turnaround & Strategy Update 2022 - 2023 Organisational rightsizing +3% to +5% Building a Scalable Platform 2024 - 2025 Complexity reduction Path to 10%+ Scaling with Operating Leverage 2025 - 202x Share gains in existing markets Cost discipline Country expansion Adj. EBITDA margin Topline Stronger premium brand positioning 1 2
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Existing stores Standalone stores Hamburg Leipzig Berlin Cologne Store - in - stores Stuttgart (Breuninger) Paris (Printemps) Copenhagen ( Illums Bolighus ) Duesseldorf (Breuninger) 8 Frankfurt Copenhagen HU CZ ES IT Hamburg Stuttgart Berlin Leipzig Cologne Munich Paris Duesseldorf Frankfurt We aim to drive share gains also through offline GMV growth Share gains in existing markets 1 Munich (1) Store openings in 2026 Note: (1) Munich store was relocated to a permanent location in July 2026.
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9 We strengthened our physical brand and product experience by opening two new stores Munich store Frankfurt store Share gains in existing markets 1
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LT FI SE NO DK DE PL RO HU SI HR CZ GR PT ES FR IT CH AT SK BE NL LU 10 We launched three new countries and continued to scale operations UK (1) Pre - 2024 Countries 2024/2025 Expansion 2026 Expansion • Our expansion markets (i.e. countries launched since May 2024) accounted for 12% of Group GMV in Q2 2026. • The UK market showed strong momentum, becoming already our largest market among all expansion countries. • To serve UK customers even better, we opened a local 3 rd party - operated warehouse in July. • In addition, we launched Estonia, Latvia and Lithuania at the end of July, expanding our footprint to 26 markets. • We are pleased with the traction of our expansion countries and continue targeted marketing investments to support customer acquisition and long - term growth. • Brand marketing investments will be concentrated i n the fourth quarter. Note: All figures unaudited. (1) UK expansion excludes Northern Ireland, the Isle of Man, and the Channel Islands. Country expansion 2 LV EE
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11 Financial Update
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Note: All figures unaudited. Group revenue development [in EUR million] Strong revenue growth continued in Q2 12 • Topline development was driven by country expansion and stronger recurring sales events. H1’25 H1’26 207 233 +13% Q2’25 Q2’26 100 113 +14%
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Note: All figures unaudited. On segment level, both DACH and International delivered strong growth in Q2 2026 13 • Solid growth in the DACH segment, supported by store expansion. • Strong growth in the International segment driven by our expansion initiatives , with the UK continuing to gain momentum . Q2’25 Q2’26 54 59 +10% Q2’25 Q2’26 45 54 +19% Segment revenue [in EUR million] DACH segment International segment
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Note: All figures unaudited. Adjusted EBITDA was impacted by macro - driven pressure and negative one - off effects 14 • Q2 adjusted EBITDA decreased by EUR 1m yoy from macro - driven pressure on contribution margin (incl. fuel prices), as well as negative one - off effects from the migration to new order and warehouse management systems . • We still expect to see one - off effects from the migration in Q3, but on a lower level. H1’25 H1’26 15 15 - 0 Q2’25 Q2’26 6 5 - 1 Adjusted EBITDA [in EUR million, as % of revenue] 6.4% 4.8% 7.4% 6.3%
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Note: (1) Includes “Other result”. Figures in this section are presented on an adjusted basis, i.e. excluding ( i ) share - based payments and (ii) restructuring expenses. Adjusted EBITDA is calculated by adjusting reported EBITDA for these items. All figures unaudited. 15 Q2 contribution margin contracted while G&A continued to see significant scale effects Driven by a slightly lower Westwing Collection share and overall margin pressure across the portfolio. Significant scale effects despite additional G&A costs for new stores. Improved Marketing ratio despite investments into expansion. S cale effects from strong topline performance. H 1 2025 - 19 .2% 32 .8% - 12.5% - 16.7% 52 .1% 3 .8% 7.4% H 1 2026 - 20.2% 32 .2% - 13.1% - 16.0% 52 .4% 3.3 % 6 .4% Delta 26 vs. 25 - 2.6pp - 3.3pp +0.2pp +2 .1pp - 0.7pp - 0.5pp - 1.5pp Q2 2025 - 19 .1% 33 . 5 % - 13.2% - 18.0% 52 .6% 4 .0% 6 .3% Q2 2026 - 21.7% 30 .2% - 13.0% - 15.9% 51 .9% 3.5 % 4 .8% Delta 26 vs. 25 - 1.0pp - 0.6pp - 0.6pp +0.7pp +0 .3pp - 0.5pp - 1.0pp [ as % of revenue] Fulfilment ratio Contribution margin Marketing ratio Gross margin G&A ratio (1) D&A ratio Adj. EBITDA margin 3.7% 3.2% - 1.0pp 2.3% 1.3% - 0.5pp Adj. EBIT margin Driven by transportation cost inflation, migration one - offs and mix effects.
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16 DACH segment saw bigger impact from mix effects and investments in freight quality Note: Figures in this section are presented on an adjusted basis, i.e. excluding ( i ) share - based payments and (ii) restructuring expenses. Adjusted EBITDA is calculated by adjusting reported EBITDA for these items. All figures unaudited. DACH segment International segment H1’25 H1’26 6 7 +1 H1’25 H1’26 9 8 - 2 Q2’25 Q2’26 3 3 0 Q2’25 Q2’26 4 2 - 1 Segment adjusted EBITDA [in EUR million, as % of revenue] • Both segments were affected by negative one - offs from the migration to new order and warehouse management system s. • The DACH segment experienced a larger decline in contribution margin than the International segment, due to more unfavourable mix effects and investments in freight quality. 6.2% 4.0% 8.1% 6.5% 6.5% 5.4% 6.7% 6.1%
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17 Net working capital improved significantly year - over - year and remained negative Net working capital [in EUR million] 30 Jun. ‘25 30 Jun. ‘26 5 - 5 - 11 • Net working capital improved by EUR 11m yoy, mainly reflecting a favourable development in trade payables compared to the end of June 2025 . • Inventory remained broadly flat despite strong growth and investments into UK specific product variants (1) . (1) Limited to changes in fabrics to meet local product compliance standards as well as electric plugs Note: All figures unaudited. Net inventory [in EUR million and as a percentage of LTM revenues] 30 Jun. ‘25 30 Jun. ‘26 54 56 +2 11.8% 12.4%
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• Intangible assets: temporarily increased CAPEX mostly related to the migration to new order and warehouse management systems. CAPEX [in EUR million, as % of revenue] 18 CAPEX ratio increased slightly in H1 2026 due to system migrations H1’25 H1’26 4 6 +1 Property, plant and equipment Intangible 2.1% 2.4% Note: All figures unaudited.
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19 Net cash remained strong at EUR 68 million at the end of June 2026 84 Net cash 31 Mar . ‘26 Operating cash flow Investing cash flow IFRS 16 (lease payments) Other financing cash flow Net cash 30 Jun. ‘26 - 7 - 3 - 3 - 3 68 Net cash [in EUR million] Free cash flow Q2 2026: EUR - 9 million Free cash flow after lease payments Q2 2026: EUR - 12 million Note: All figures unaudited. Includes EUR - 9m related to the settlement of employee stock options. Includes EUR - 3m related to the purchase of treasury shares.
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20 (1) Free cash flow after leases, before stock option settlements Note: All figures unaudited. Legacy stock option programmes refer to programmes initiated before 2020. The adjustment for stock option settlements highlights the strong net working capital - driven cash flow improvement in H1 2026 - 11 - 8 - 6 Free cash flow Leases (IFRS 16) 6 3 Stock option settlements Free cash flow aLbSO (1) - 13 - 17 - 6 Free cash flow Leases (IFRS 16) 2 0 Stock option settlements Free cash flow aLbSO (1) H1 2025 Pro forma free cash flow adjusted for leases and stock option settlements [in EUR million] H1 2026 Legacy programmes Newer programmes
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Development of the number of outstanding stock options [in million options] 21 The reduction of legacy options lowered dilution risks from potential share price increases 2.5 avg. strike EUR 15.6 1.0 avg. strike EUR 6.3 31 Dec. ‘25 2.0 avg. strike EUR 18.4 1.1 avg. strike EUR 10.1 30 Jun. ‘26 Legacy programmes (before 2020) Newer programmes 3.5 3.1 - 11% Note: All figures unaudited. Legacy stock option programmes refer to programmes initiated before 2020. • Management continued to accelerate the exercise of legacy stock option programmes in H1 2026 through forced exercises (overall avg. strike price of legacy programmes EUR 3.1). • Programme terminations and forced exercises are expected to reduce the number of outstanding legacy stock options by ca. 70%/1.4 million by the end of Q2 2027 (avg. strike price ca. EUR 18.4). • Number of stock options in newer programmes increased due to grants for employees and Management.
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22 Note: (1) Share buyback figures are as of and including 29.07.2026. Five Key Capital Allocation Principles We successfully completed the share buyback programme and remain committed to our capital allocation principles Maintain strong balance sheet and strategic flexibility 1 Invest selectively in high - return opportunities 2 Actively reduce dilution from stock option programmes 3 Hold treasury shares to hedge dilution and cash risks from outstanding stock options 4 Return excess capital via buybacks and EPS - accretive share cancellations 5 Share Buyback Programme Feb - July 2026 • Successfully bought back 512k (1) shares (2.6% of capital) during the programme, from 9 February to 29 July, with an investment of EUR 8m. • Average purchase price of EUR 15.62 per share.
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Note: (1) Excludes cash settlement of outstanding stock options. Figures in this section are presented on an adjusted basis, i.e . excluding ( i ) share - based payments and (ii) restructuring expenses. Adjusted EBITDA is calculated by adjusting reported EBITDA for these items . We confirm our guidance for FY 2026 Actuals FY 2025 Guidance FY 2026 Revenue EUR 449 m EUR 470 m to 495 m (5% to 10% yoy growth) Revenue expected in the upper half of guided range Adjusted EBITDA EUR 44m EUR 36 m to 48 m (7.7% to 9.7% margin) Strong cash conversion (1) 23
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24 Investment Highlights
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25 Note: All figures unaudited. Investment Highlights • Unique assortment of gorgeous, own Westwing Collection & the best third - party design brands. • Best - in - class inspirational storytelling with distinct visuals & tone of voice. • Premium services such as Interior Design Service & branded delivery fleet. • The one - stop destination for premium Home & Living. UNIQUE, RELEVANT CUSTOMER VALUE PROPOSITION • Addressing the premium segment within existing 26 Westwing geographies. Future country expansion with additional potential. • Massive online penetration potential in a mostly offline market, flanked by selected offline presence. HUGE MARKET POTENTIAL • Superbrand in Design inspiring and engaging design lovers, leaving a lasting impact. • Clear premium positioning , only getting stronger. • Huge upside potential from brand marketing invest and offline presence. • Westwing Collection product brand with attributes superior design, quality and sustainability. SUPERBRAND IN DESIGN • High margins as a result of pricing power based on a strong brand, as well as the unique Westwing Collection with further GMV share potential. • Platform and commercial model allowing for scaling with operational leverage in existing countries and beyond. HIGH MARGINS AND OPERATING LEVERAGE IN SCALING • Strong net cash position and no debt. • Strong net working capital. • Low CAPEX. STRONG BALANCE SHEET Clear path towards mid - term adjusted EBITDA margin of 10 % + with strong cash conversion.
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26 Q&A
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27 Appendix
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28 Note: All figures unaudited. Active customer defined as a customer who has made a valid order within the last 12 months per end of the reporting period. Active customer year - over - year growth continues for the second consecutive quarter, with recent additions not yet fully reflected in average LTM KPIs Active customers and average GMV LTM per active customer [in k, in EUR] 0 100 200 300 400 500 0 200 400 600 800 1,000 1,200 1,400 1,600 Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Average GMV LTM per active customer Active customers
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29 KPI overview Group KPIs Unit Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Westwing Collection share in % of GMV 31% 32% 38% 37% 37% 38% 44% 44% 46% 46% 48% 47% 51% 53% 58% 58% 62% 65% 66% 61% 63% 63% Active customers in k 1,720 1,730 1,750 1,705 1,593 1,486 1,422 1,320 1,262 1,252 1,262 1,275 1,282 1,282 1,276 1,237 1,200 1,170 1,160 1,201 1,247 1,324 Number of orders in k 1,268 1,022 819 1,262 872 685 620 951 694 614 605 939 676 578 528 766 505 424 456 770 566 487 Average basket size in EUR 129 135 144 131 147 159 164 149 169 178 177 157 185 198 206 194 236 260 252 211 238 260 Average orders LTM per active customer in # 2.7 2.7 2.6 2.6 2.5 2.4 2.4 2.4 2.3 2.3 2.3 2.2 2.2 2.2 2.1 2.1 2.0 1.9 1.9 1.8 1.8 1.7 Average GMV LTM per active customer in EUR 337 341 340 343 345 349 355 364 373 376 377 377 381 385 388 402 409 416 425 422 419 407 GMV in EUR m 164 139 118 166 128 109 102 142 118 109 107 147 125 114 109 149 119 110 115 163 135 127 KPI definitions Westwing Collection share GMV share of Westwing Collection: GMV of Westwing Collection business as % of Group GMV in the same reporting period. Active customers A customer who has made a valid order within the last 12 months at the end of the reporting period. Number of orders Total number of valid orders (excluding failed and cancelled orders) of a reporting period. Average basket size Weighted average value of an order: GMV divided by total number of orders of the same reporting period. Average orders LTM per active customer Total number of orders of the last 12 months divided by active customers at the end of the reporting period. Average GMV LTM per active customer GMV of the last 12 months divided by active customers. GMV Gross Merchandise Volume: Value of all valid customer orders placed of a reporting period (i.e. excluding cancellation and VA T, but including returns). Note: All figures unaudited.
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30 Consolidated income statement EUR million, in % of revenue H1 2025 H1 2026 Q2 2025 Q2 2026 Revenue 207.1 233.1 99.6 113.4 Cost of sales - 99.3 - 111.0 - 47.2 - 54.5 Gross profit 107.8 122.2 52.4 58.8 Fulfilment expenses - 39.8 - 47.1 - 19.0 - 24.6 Marketing expenses - 26.0 - 31.2 - 13.2 - 15.0 General and administrative expenses - 36.5 - 43.9 - 17.1 - 20.3 Other operating expenses - 4.5 - 4.2 - 2.5 - 2.2 Other operating income 3.8 3.0 1.5 1.7 Operating result 4.7 - 1.2 2.1 - 1.4 Financial result - 0.2 - 0.1 - 0.1 - 0.1 Result before income tax 4.5 - 1.3 2.0 - 1.5 Income tax expense - 0.3 - 0.2 - 0.2 - 0.1 Result for the period 4.2 - 1.5 1.8 - 1.6 Reconciliation to adjusted EBITDA Operating result (EBIT) 4.7 - 1.2 2.1 - 1.4 Share - based compensation expenses 1.6 7.7 - 0.3 2.4 Complexity reduction 1.3 0.8 0.5 0.4 Adjusted EBIT 7.6 7.4 2.3 1.5 Adjusted EBIT margin (%) 3.7% 3.2% 2.3% 1.3% Depreciation and amortisation 7.8 7.7 4.0 3.9 Adjusted EBITDA 15.3 15.0 6.2 5.4 Adjusted EBITDA margin (%) 7.4% 6.4% 6.3% 4.8% Note: All figures unaudited.
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31 Adjusted income statement Note: Figures in this section are presented on an adjusted basis, i.e. excluding ( i ) share - based payments and (ii) restructuring expenses. Adjusted EBITDA is calculated by adjusting reported EBITDA for these ite ms. All figures unaudited. EUR million, in % of revenue H1 2025 H1 2026 Q2 2025 Q2 2026 Revenue 207.1 233.1 99.6 113.4 Revenue growth yoy - 3.5% 12.6% - 6.1% 13.8% Cost of Sales - 99.3 - 111.0 - 47.2 - 54.5 Gross Profit 107.8 122.2 52.4 58.8 Gross margin 52.1% 52.4% 52.6% 51.9% Fulfilment expenses - 39.8 - 47.1 - 19.0 - 24.6 Contribution Profit 68.0 75.1 33.4 34.3 Contribution margin 32.8% 32.2% 33.5% 30.2% Marketing expenses - 25.9 - 30.6 - 13.2 - 14.7 General and administrative expenses - 34.6 - 36.8 - 17.3 - 18.0 Other operating expenses - 4.5 - 4.2 - 2.5 - 2.2 Other operating income 4.6 3.8 1.9 2.1 Adjusted EBIT 7.6 7.4 2.3 1.5 Adjusted EBIT margin (%) 3.7% 3.2% 2.3% 1.3% Adjusted depreciation and amortisation 7.8 7.7 4.0 3.9 Adjusted EBITDA 15.3 15.0 6.2 5.4 Adjusted EBITDA margin (%) 7.4% 6.4% 6.3% 4.8%
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32 Segment reporting Note: Figures in this section are presented on an adjusted basis, i.e. excluding ( i ) share - based payments and (ii) restructuring expenses. Adjusted EBITDA is calculated by adjusting reported EBITDA for these ite ms. All figures unaudited. DACH in EUR million H1 2025 H1 2026 Q2 2025 Q2 2026 Revenue 114.9 122.1 54.2 59.4 yoy growth (in %) - 4.2% 6.3% - 9.5% 9.7% Adj. EBITDA 9.3 7.6 3.5 2.4 Adj. EBITDA margin % 8.1% 6.2% 6.5% 4.0% International in EUR million H1 2025 H1 2026 Q2 2025 Q2 2026 Revenue 92.2 111.0 45.4 54.0 yoy growth (in %) - 2.7% 20.4% - 1.6% 18.8% Adj. EBITDA 6.2 7.3 2.8 2.9 Adj. EBITDA margin % 6.7% 6.5% 6.1% 5.4%
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33 Note: Figures in this section are presented on an adjusted basis, i.e. excluding ( i ) share - based payments and (ii) restructuring expenses. Adjusted EBITDA is calculated by adjusting reported EBITDA for these ite ms. All figures unaudited. EUR million H1 2025 H1 2026 Q2 2025 Q2 2026 Adjusted EBITDA 15.3 15.0 6.2 5.4 Adjusted D&A - 7.8 - 7.7 - 4.0 - 3.9 Adjusted EBIT 7.6 7.4 2.3 1.5 Share - based compensation expenses - 1.6 - 7.7 0.3 - 2.4 Complexity reduction - 1.3 - 0.8 - 0.5 - 0.4 EBIT 4.7 - 1.2 2.1 - 1.4 EBITDA 12.5 6.5 6.1 2.5 Excluding adjustments, H1 2026 EBITDA of EUR 6.5 million and EBIT of EUR - 1.2 million
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34 We completed the share b uyback programme 2026 Invested cash [ EURk ] Purchased # of shares [in k] Total: EUR 8 million invested (100% of maximum allowance) Note: Share buyback program approved on 5 February 2026. Details on the program can be found here: https://ir.westwing.com/ne ws/ westwing - group - se - cancellation - of - treasury - shares - and - share - buyback/80650bf2 - c500 - 4232 - 88e0 - 534d704b275a. All figures unaudited. 22 24 25 26 25 19 29 26 28 28 10 25 27 27 19 9 19 20 22 28 19 23 12 CW7 CW8 CW9 CW10 CW11 CW12 CW13 CW14 CW15 CW16 CW18 CW19 CW20 CW21 CW22 CW24 CW25 CW26 CW27 CW28 CW29 CW30 CW31 375 406 430 449 424 319 449 355 396 425 138 342 395 395 278 134 312 331 372 445 296 356 176 CW7 CW8 CW9 CW10 CW11 CW12 CW13 CW14 CW15 CW16 CW18 CW19 CW20 CW21 CW22 CW24 CW25 CW26 CW27 CW28 CW29 CW30 CW31 Total: 512,118 shares purchased (73% of maximum allowance) Share information as of and including 29 July 2026 Stock exchange Frankfurt Stock Exchange Market segment Regulated market ( p rime standard) Number of shares bought back 512 ,118 [maximum allowance 700,000 shares] Aggregate purchase price EUR 8,000,000 [maximum allowance EUR 8,000,000]
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35 Issued share capital Note: All figures unaudited. Stock option program me s are categorized as granted and include only those options, that have been granted on or before the reporting date (30.6.2026) . (1) Assumes 100% performance achievement, final number can only be determined after 3 - year performance period; exercisable earliest 4 years after grant date (2) VSOPs are virtual, cash - settled option program me s with an average cap of EUR 38.09 Share information as at 30 June 2026 Type of shares Ordinary bearer shares with no - par value ( Stückaktien ) Stock exchange Frankfurt Stock Exchange Market segment Regulated market ( p rime standard) Number of shares issued 19,650,000 Issued share capital EUR 19,650,000 Treasury shares 1 ,228,717 Stock option p rogram me s as at 30 June 2026 Program # of options outstanding Weighted average exercise price (in EUR) Total 3,102,028 15.38 VSOPs (2) LTIP 2019 LTIP 2016 162,563 1,397,850 46,200 8.93 19.30 0.01 ECP 2022 260,453 1.00 LTIP 2023 (1) 545,641 11.01 Other 363,800 21.71 ECP 2026 33,110 13.33 LTIP 2026 292,411 16.01
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Events 21 September 2026 Baader Investment Conference 22 September 2026 Berenberg & Goldman Sachs German Corporate Conference 23 - 25 November 2026 Deutsches Eigenkapitalforum 5 November 2026 Publication of third quarter results 36