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MYT Netherlands Parent BV, the parent company of luxury fashion and designer firm Mytheresa, saw its net sales for Q3 FY21 rise 47.5% year-on-year to €164.8m (£142.2m).
The group’s adjusted EBITDA for the period ended 31 March 2021 more than tripled to €11.1m (£9.58m), up from €3.1m (£2.67m) last year.
Mytheresa’s growth follows its New York IPO in January of this year, with sales in the US increasing 75.8% year-on-year following the listing.
The online retailer also delivered strong sales growth for the nine months ended 31 March 2021, rising 36.2% year-on-year to €449.7m (£338.1m).
The group’s adjusted EBITDA more than doubled for the financial year to date, climbing from €20.3m (£17.5m) in FY20 to €43.7m (£37.7m) this year.
Michale Kliger, CEO at Mytheresa, said: “In the third quarter, our company was even able to accelerate our growth. This was largely driven by the continuous shift of consumer behavior towards digital and multi-brand offerings.
“We had a new record in first-time buyers in the quarter and our recently acquired customer cohorts show higher re-purchase rates than before.”
He added that returning consumers have also represented a “strongly increased spend”, as people begin to “resume pre-pandemic activities such as social events and vacation”.
Looking ahead, Mytheresa has raised its guidance for its upcoming full-year results, claiming that net sales will now reach between €600m (£517m) and €605m (£522m), while adjusted EBITDA will hit up to €59m (£50.9m).
