The fashion retailer Mytheresa, based in Munich, was able to achieve double -digit sales growth in the second quarter of the 2024/25 financial year. The company also improved its result.
CEO Michael Kliger was extremely satisfied with the current figures that the listed umbrella company Myt Netherland’s Parent BV had presented on Tuesday. “We are very happy about our results in an still volatile macroeconomic environment,” he said in a statement and pointed out that the fashion retailer maintains the “positive momentum” of the previous quarters and in the first half of the year “significant progress” could make his financial results.
The quarterly turnover increases by around 13 percent
In the period from October to December, the turnover of Mytheresa was 223.0 million euros. This corresponded to an increase of 13.4 percent compared to the previous year. The company owed the clear plus not least to the above -average growth in the USA (+17.6 percent). The gross rare value (GMV) increased by 11.9 percent to 244.7 million euros.
Thanks to the powerful increase in sales and a higher gross margin, the result, which was adjusted for special effects before interest, taxes and depreciation (EBITDA), fell more than twice as high as in the previous year, in which it was 7.5 million euros . The designated net loss was reduced from 5.8 to 4.7 million euros.
The takeover of YNAP should be carried out within the coming months.
For the entire financial year, the management now expects growth in sales and GMV by seven to 13 percent. The EBITDA margin adjusted for special effects is said to reach three to five percent.
However, the company faces profound changes. The takeover of the online fashion retailer Yoox Net-A-Porter Group (YNAP), agreed last October, is to be carried out during the first half of the year. Mythheresa recently announced that the umbrella company would receive the new name Luxexperience BV according to the acquisition.