Mytheresa FY sales jump 8.9% to €916m
The company said profitability improved as gross margins strengthened and average order values rose 10% in the fourth quarter
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LuxExperience has reported that its Mytheresa unit saw net sales rise 11.5% year-on-year to €248.9m (£217m) in the fourth quarter to 30 June, while full-year sales rose 8.9% to €916.1m (£799m).
The group’s EBITDA also increased 73% over the year to €44.6m (£38.9m).
The company said profitability improved as gross margins strengthened and average order values rose 10% in the quarter to €773 (£674). Mytheresa’s US sales grew 9.7% and accounted for 20.6% of the business.
According to chief executive Michael Kliger, the company aimed to generate €4bn (£3.49bn) in net sales and an adjusted EBITDA margin of between 7% and 9% in the medium term.
At group level, LuxExperience said it had moved quickly to reorganise operations after completing the YOOX Net-a-Porter (YNAP) acquisition earlier this year. Measures included cost reductions, a simplification of technology platforms, and partial workforce cuts at YNAP.
New leadership has been appointed at Net-a-Porter and Mr Porter, including Heather Kaminetsky as chief executive of Net-a-Porter and Toby Bateman as chief executive of Mr Porter. Separate management structures have also been created for off-price units Yoox and The Outnet.
Kliger said: “We have demonstrated clear operational and financial leadership in digital luxury. We have the expertise and track record of achieving consistently profitable growth at LuxExperience.”
For the year ahead, LuxExperience forecast group-wide gross merchandise value of between €2.5bn (£2.18bn) and €2.9bn (£2.53bn), with profitability broadly flat compared with 2025. Guidance for adjusted EBITDA was set at between -4% and +1%.
