The online fashion retailer LuxExperience BV was also able to achieve strong sales growth in its core segment Mytheresa in the second quarter of 2025/26. The company also believes it is on track to integrate the Yoox Net-A-Porter (YNAP) platforms it acquired last year. This emerges from an interim report published on Tuesday.
Mytheresa continues to achieve strong sales growth
Accordingly, Mytheresa achieved sales of 242.7 million euros in the three months before December 31st. This corresponded to an increase of 8.8 percent compared to the same quarter of the previous year. Adjusted for exchange rate changes, revenue increased by 11.6 percent.
Thanks to the sales growth and an increase in the gross margin from 50.9 to 52.3 percent, Mytheresa’s earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for special effects, which had been 16.2 million euros in the same period of the previous year, increased to 22.6 million euros.
Including the results of the YNAP business areas acquired in the spring, LuxExperience’s reported consolidated sales reached 646.9 million euros in the most recent quarter. In the same period last year it was just under 223.0 million euros.
Group sales also increase on a pro forma basis
On a pro forma basis – i.e. including the entire previous year’s sales of the newly added areas that are to be continued – group sales rose by 1.1 percent (currency-adjusted +5.7 percent) to 645.1 million euros. In the luxury sector with the Net-A-Porter and Mr Porter platforms, revenues fell by 1.0 percent on a pro forma basis to 277.1 million euros, but grew by 6.0 percent after adjusting for currency effects.
In the off-price segment with the Yoox platform, they shrank by 7.3 percent (-4.6 percent adjusted for currency effects) to 125.3 million euros. The sales of the outlet platform The Outnet, the sale of which was agreed at the end of October, are no longer taken into account in the current figures.
On a pro forma basis, the group achieved EBITDA adjusted for special effects of 13.2 million euros. The reported net loss from continuing operations rose to 12.6 million euros, after being 4.7 million euros in the same quarter of the previous year.
CEO Kliger sees progress in the turnaround of the previous YNAP platforms
CEO Michael Kliger drew a positive conclusion from the latest developments. “We are extremely pleased with the second quarter results,” he said in a statement. “The turnaround initiated in the former YNAP segments is already showing good results with growth and a return to adjusted EBITDA profitability at the group level. Our proven ability to deliver profitable growth at Mytheresa is now being transferred to the newly acquired companies by a highly committed and experienced new management.”
In view of the latest developments, management made its forecasts for the current financial year more specific: The target for gross merchandise value (GMV), which had previously been between 2.4 and 2.7 billion euros, was updated to 2.5 to 2.7 billion euros. The EBITDA margin adjusted for special effects should be in the range of -1 to +1 percent. The target corridor had previously been between -2 and +1 percent.
In the medium term, the group continues to aim for annual sales of four billion euros and an adjusted EBITDA margin of between seven and nine percent.
