The gross profit margin expanded to 48.3 percent, an improvement of 90 basic points (BP) compared to Q4 Fy24. The adjusted Ebitda increased to € 16.1 million, with margins that improved to 6.5 percent of 4.7 percent.
Luxexperience BV has reported the results of the 2000 fiscal year with the net sales of Mytheresa 11.5 percent in Q4 to € 248.9 million (~ $ 291.2 million) and 8.9 percent annually to € 916.1 million (~ $ 1.07 billion). The GMV increased 11.1 percent in the fourth quarter and 8.2 percent for the year, while the adjusted Ebitda doubled to € 44.6 million. The group advanced the reorganization after the acquisition and hopes that the FY26 will be a year of transition.
The client's economy was strong, with GMV per customer by 13 percent and the GMV of higher client increased by 16.1 percent compared to the fourth quarter of fiscal year 2014. The average value of the order increased 10 percent to € 773, while the US market contributed 20.6 percent of the total net sales after the growth of 9.7 percent, Luxexperience said in a press release.
For the full fiscal year, Mytheresa achieved net sales of € 916.1 million (~ $ 1.07 billion), 8.9 percent more compared to the FY24, while GMV grew by 8.2 percent to € 988.5 million. The gross profit margin improved 47 percent, an increase of 130 basic points. The Ebitda adjusted more than double euros to 44.6 million euros of € 25.8 million, with a profitability that increased to 4.9 percent of 3.1 percent in fiscal year 2000.
“I am extremely satisfied with the results of our Mytheresa business. We have demonstrated a clear operational and financial leadership in digital luxury. We have the experience and monitoring record of achieving constantly profitable growth in digital luxury in Luxperience,” he said Michael Kiger, CEO of Luxexperience.
At the group level, Luxexperience almost completed its reorganization in a new operational model, starting cost reduction measures, technological migration and transformation of the functions of finance and human resources, together with the partial workforce cuts in YNAP.
Mytheresa launched exclusive capsules collections with brands such as Dolce & Gabbana, Versace and Bottega Veneta, while organizing Premium Client events worldwide. In Net-A-Porter and MR Porter, new leadership teams were appointed to strengthen the strategy. Meanwhile, Yoox and Outnet began to separate their business models from luxury operations, with dedicated leadership and simplified functions in finance, human resources, operations and technology.
Looking to the future, Luxexperience expects the FY26 to be a year of transition, with GMV projected between € 2.5 billion and € 2.9 billion and an adjusted Ebitda margin that varies between -4 percent and +1 percent. It is forecast that Mytheresa will maintain its growth trajectory, while Net-A-Porter and Mr. Porter can see slight GMV decreases, and YOOX and OUTNET will continue to restructure efforts.
“Luxexperience is in a remarkable position to become the only destination for luxury enthusiasts throughout the world, which brings together some of the most emblematic brands in the luxury digital retail trade. I am very satisfied with the rapid start of the group transformation to take advantage of the scale and scope of strong growth and profitability for the whole group,” Kligner added. “Medium in the medium we hope to reach 4 billion euros in net sales and an adjusted Ebitda margin from 7 percent to 9 percent. Luxperience hopes to generate significant value for our customers, brand partners and shareholders in the future.”
Fiber2Fashion News Desk (SG)
