The Munich-based luxury online retailer Mytheresa will remain the growth engine of the parent company LuxExperience BV, which was newly formed around a year ago, in the third quarter of 2026 after the e-commerce specialist Yoox Net-A-Porter (YNAP) was taken over.
Mytheresa’s business continues to grow faster than the market, LuxExperience said on Tuesday in its financial report for the third quarter ended March 31. Mytheresa achieved sales of 256 million euros, which corresponded to growth of 5.6 percent. Adjusted for exchange rate changes, revenue increased by 9.9 percent.
The gross margin rose from 44.8 percent in the same quarter of the previous year to 47.1 percent and earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for special effects rose by 50.4 percent to 14.1 million euros compared to the same quarter of the previous year.
At group level, LuxExperience, including the results of the acquired business areas from YNAP, recorded a decline in sales of 5.2 percent to 618.4 million euros. Adjusted revenues remained stable (+0.0 percent).
LuxExperience CEO: We are fully on track
The luxury segment emerging from YNAP, which includes Net-A-Porter and Mr Porter, is expected to show further improvement, driven by a new strategic focus on customer service, full price sales and cost discipline. The off-price category, which only includes Yoox following the sale of The Outnet, has also made good progress in implementing a leaner operating model, which is leading to the improvement of the platform.
“Net-A-Porter and Mr Porter as well as Yoox demonstrated further sequential improvements that are fully in line with our ongoing transformation plan for both segments,” said LuxExperience CEO Michael Kliger. “We are fully on track to achieve our forecast results for the full 2026 financial year.”
The management has therefore also confirmed the forecast for the entire financial year, which ends on June 30, 2026. A gross merchandise value of between 2.5 billion euros and 2.7 billion euros and an adjusted EBITDA margin of between minus one percent and plus one percent are expected.
