German digital luxurious group LuxExperience has introduced the monetary outcomes of its legacy Mytheresa standalone enterprise, reporting web gross sales of €242.5 million (~$263.2 million) within the third quarter of fiscal 2025 (Q3 FY25) ended March 31, a rise of three.8 per cent year-over-year (YoY). The fiscal to this point (FYTD 25) gross sales rose 8 per cent YoY.
The gross merchandise worth (GMV) additionally grew 3.8 per cent to €261.3 million (~$283.5 million). The typical order worth rose by 8.8 per cent to €753 on a final twelve months (LTM) foundation. Mytheresa achieved a gross revenue margin of 44.8 per cent, a 140-basis level (bps) enchancment YoY. The adjusted EBITDA stood at €9.3 million, with a margin of three.9 per cent, and FYTD 25 adjusted EBITDA margin reached 4.3 per cent. The quarter additionally delivered a constructive working money circulation of €18.7 million.
Key enterprise highlights for Q3 FY25 embrace the enlargement of the partnership with one other luxurious model Prada to cowl international distribution rights, together with the US. The corporate hosted a profitable two-week immersive Aspen Apres-Ski expertise in collaboration with Bemelmans, attracting a major variety of new high-net-worth clients, Mytheresa mentioned in a press launch.
Mytheresa’s web gross sales reached €242.5 million (~$263.2 million) in Q3 FY25, up 3.8 per cent YoY, with GMV reaching €261.3 million.
The corporate noticed sturdy margins and constructive money circulation.
It accomplished the acquisition of Yoox Web-A-Porter in April.
Regardless of tariff-related uncertainties, it maintains profitability steerage and goals for €4 billion (~$4.34 billion) in web gross sales for full fiscal.
It additionally launched unique capsule collections and pre-launch collaborations with main luxurious manufacturers reminiscent of Loewe, Etro, Balenciaga, Manolo Blahnik, Saint Laurent, Bottega Veneta, Valentino Garavani, Toteme, and Tod’s.
On April 23, 2025, LuxExperience accomplished the acquisition of Yoox Web-A-Porter from Richemont, gaining full possession of Web-A-Porter, Mr Porter, Yoox, and The Outnet, added the discharge.
“The results of the third quarter demonstrate once again the strength of the Mytheresa business model. Solid GMV growth, higher top customer spends, continued product margin expansion and strong profitability show the health and resilience of the business despite macro headwinds,” mentioned Michael Kliger, chief govt officer (CEO) at LuxExperience, previously MYT Netherlands Mum or dad BV.
“The strong results of the Mytheresa business model underline the fantastic prospects for the recently acquired Yoox Net-A-Porter business. We continue to demonstrate our ability to execute well and achieve strong results under macro uncertainties where other players fail. Combined we will create the leader in global digital, multi-brand luxury with strong profitability and growth. Our medium-term ambition is to reach around €4 billion in net sales per year and 7 per cent to 9 per cent in adjusted EBITDA margin,” continued Kliger.
For full FY25 ending June 30, 2025, Mytheresa is now anticipating GMV and web gross sales progress on the decrease finish of its earlier forecast vary of seven to 13 per cent as a result of ongoing tariff uncertainties and their influence on buyer sentiment. Regardless of this, the corporate reaffirmed its adjusted EBITDA margin steerage of three to five per cent, reflecting its continued deal with profitability.
The acquisition of Yoox Web-A-Porter is projected to contribute €300–350 million in further web gross sales and an adjusted EBITDA lack of €20–30 million to the legacy Mytheresa outcomes for the yr.
Wanting forward, the corporate stays assured within the medium-to long-term outlook for the mixed entity, reiterating its goal of roughly €4 billion (~$4.34 billion) in annual web gross sales and an adjusted EBITDA margin of seven to 9 per cent.
