The online fashion retailer Mytheresa has completed the 2024/25 financial year with strong sales growth. This emerges from a annual report that the parent company Luxexperience BV published on Thursday. In the available figures of the group of companies, the results of the e-commerce group YOOX NET-A-Porter (YNAP) taken over at the end of April are also taken into account.
Mytheresa succeeds in significant improvement in results
The core segment Mytheresa developed extremely positively. In the latest financial year, which was completed on June 30, its turnover rose by 8.9 percent to 916.1 million euros. This was not least due to growth by 11.5 percent in the final quarter. The gross rare value (GMV) reached a height of 988.5 million euros in the year and thus exceeded the previous year’s level by 8.2 percent.
Not least thanks to an increase in the gross margin from 45.7 to 47.0 percent, the result that was adjusted for special effects before interest, taxes and depreciation (EBITDA) from Mytheresa grew by 73 percent to 44.6 million euros.
The annual report takes into account the Ynap business areas taken over in spring for the first time
According to preliminary figures, Luxexperience Group’s turnover in the past financial year, according to preliminary financial year, reached an amount of almost 1.26 billion euros, including the YNAP business areas. In doing so, he exceeded the previous year’s level by 49 percent. A sales of 2.75 billion and a GMV of 2.89 billion euros were based on a pro-forma basis-including the total annual sales of the new areas that are to be continued-.
The company’s proven net profit was 552.3 million euros due to a positive one -off effect, after a loss of 24.9 million euros had been recorded in the previous year.
Management expects a “transition year”
Management now expects that in 2025/26 in view of the progressive integration of the business areas and profound restructuring in certain areas, a “transition year”. Accordingly, the planned measures are expected to lead to a “significant decline” of the GMV in the lost off-price division Yoox & The Outnet. In the future, this segment will be clearly separated from the luxury platforms Mytheresa, Net-A-Porter and MR Porter.
Overall, the company predicts a GMV in the range of 2.5 to 2.9 billion euros at the Group level for the current year, with further growth in Mythheresa. The EBITDA margin, which is adjusted for special effects, is expected to be between -4 and +1 percent.
In the medium term, the group continues to target annual growth rates in the range of 10 to 15 percent. The goal is an annual turnover of four billion euros. The adjusted Ebitda margin should increase to seven to nine percent in the medium term.