Mytheresa FY24 guidance ‘at lower end’ despite healthy Q3 sales
The group maintains that adjusted operating income levels in Q3 are better than those seen in the same period last year, and will range between 1.5% and 2.5%
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Mytheresa has confirmed that its guidance for FY24 to 30 June will be “at the lower end” of its estimated range of 8% to 13%, despite the group expecting Q3 sales to have increased between 15% and 18% year-on-year.
Sales are predicted to show growth of between €230m (£197m) and €235m (£201m).
The German luxury group, which will be releasing its full-year results on 15 May, reported that the Q3 adjusted EBITDA margin will range between 3% and 4%, up from 1.6% in the same period of 2023.
In addition, the group maintains that adjusted operating income levels in Q3 are better than those seen in the same period last year, and will range between 1.5% and 2.5%. This will be up from 0.1% in Q3 of 2023.
According to the group, its “strong” expectations underline “the strong positioning of Mytheresa and its robust business model as well as signifies strong market share gains”.
Michael Kliger, CEO of Mytheresa, said: “We are extremely pleased with the strong performance in a rapidly consolidating marketplace. The results underscore that Mytheresa is not just a luxury e-commerce platform.
“We build a community for luxury enthusiasts and create desirability through digital and physical experiences. This makes us the winner in an otherwise still tough market environment.”
