[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]
Mytheresa was resilient in the third quarter of its 2021/2022 financial year, which ended in March.
The German platform specialising in luxury fashion for the whole family, with more than 200 houses in its portfolio, saw its sales grow by 3% to €169.5 million. And the performance improves when you look at the gross merchandise value (GMV), up 13% to €186.6 million. And even 42% in the United States, where Mytheresa is enjoying phenomenal success in Florida and Texas. The GMV, it should be remembered, also includes the revenues generated by the partner brands of the Mytheresa online shop, as part of the Curated Platform Model (CPM). With this new business model launched at the end of 2021, Mytheresa continues to select products but no longer buys products in bulk, which are delivered directly by the houses to the customer.
Very low losses.
The e-retailer founded in 2006 has also significantly reduced its loss to 4.3 million euros compared to 50 million euros the previous year. At that time, the high special costs associated with its listing on the New York Stock Exchange in January 2021 had a significant impact on the result. Adjusted for the exceptional effects, the quarterly surplus is up by 25.8% to 5.6 million euros.
“Our business showed excellent resilience in the third quarter, despite some external challenges. Mytheresa delivered very strong results with continued profitability at the adjusted EBITDA level,” CEO Michael Kliger was pleased to report in a statement.
Although he admits “it is impossible to predict the macroeconomic environment in the coming months”, Kliger remains confident in his business model. “The luxury sector has always been very resilient and the shift of luxury consumers to digital channels is continuing and driving growth,” he observes.
For the full year, ending 30 June, Mytheresa still expects guidance at the “lower end of the indicated range”, i.e. sales of €700-720 million, GMV up 23-26% to €755-775 million and an adjusted EBITDA margin of 9%-10%.
Read also > COTY RAISES ITS ANNUAL FORECAST THANKS TO ITS LUXURY DIVISION
Featured photos : © Mytheresa[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
Mytheresa was resilient in the third quarter of its 2021/2022 financial year, which ended in March.
The German platform specialising in luxury fashion for the whole family, with more than 200 houses in its portfolio, saw its sales grow by 3% to €169.5 million. And the performance improves when you look at the gross merchandise value (GMV), up 13% to €186.6 million. And even 42% in the United States, where Mytheresa is enjoying phenomenal success in Florida and Texas. The GMV, it should be remembered, also includes the revenues generated by the partner brands of the Mytheresa online shop, as part of the Curated Platform Model (CPM). With this new business model launched at the end of 2021, Mytheresa continues to select products but no longer buys products in bulk, which are delivered directly by the houses to the customer.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.
[/vc_cta][vc_column_text]Featured photo : © Mytheresa[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
Mytheresa was resilient in the third quarter of its 2021/2022 financial year, which ended in March.
The German platform specialising in luxury fashion for the whole family, with more than 200 houses in its portfolio, saw its sales grow by 3% to €169.5 million. And the performance improves when you look at the gross merchandise value (GMV), up 13% to €186.6 million. And even 42% in the United States, where Mytheresa is enjoying phenomenal success in Florida and Texas. The GMV, it should be remembered, also includes the revenues generated by the partner brands of the Mytheresa online shop, as part of the Curated Platform Model (CPM). With this new business model launched at the end of 2021, Mytheresa continues to select products but no longer buys products in bulk, which are delivered directly by the houses to the customer.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.
[/vc_cta][vc_column_text]Featured photo : © Mytheresa[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
