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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%<\/strong> to \u20ac<\/strong>169.5 million<\/strong>. And the performance improves when you look at the gross merchandise value (GMV), up 13%<\/strong> to \u20ac186.6 million<\/strong>. And even 42%<\/strong> in the United States<\/strong>, where Mytheresa<\/strong> is enjoying phenomenal success in Florida<\/strong> and Texas<\/strong>. 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<\/strong> (CPM). With this new business model launched at the end of 2021<\/strong>, Mytheresa continues to select products but no longer buys products in bulk, which are delivered directly by the houses to the customer.<\/p>\n <\/p>\n <\/p>\n The e-retailer founded in 2006 has also significantly reduced its loss to 4.3 million euros<\/strong> compared to 50 million euros<\/strong> the previous year. At that time, the high special costs associated with its listing on the New York<\/strong> Stock Exchange in January 2021<\/strong> had a significant impact on the result. Adjusted for the exceptional effects, the quarterly surplus is up by 25.8%<\/strong> to 5.6 million euros<\/strong>.<\/p>\n <\/p>\n “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,”<\/em> CEO Michael Kliger<\/strong> was pleased to report in a statement.<\/p>\n <\/p>\n Although he admits “it is impossible to predict the macroeconomic environment in the coming months”,<\/em> 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,”<\/em> he observes.<\/p>\n <\/p>\n For the full year, ending 30 June<\/strong>, Mytheresa still expects guidance at the “lower end of the indicated range”<\/em>, i.e. sales of \u20ac700-720 million<\/strong>, GMV up 23-26%<\/strong> to \u20ac755-775 million<\/strong> and an adjusted EBITDA margin of 9%-10%<\/strong>.<\/p>\n <\/p>\n <\/p>\n <\/p>\n Read also >\u00a0COTY RAISES ITS ANNUAL FORECAST THANKS TO ITS LUXURY DIVISION<\/a><\/p>\n <\/p>\n Featured photos : \u00a9 Mytheresa[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n 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%<\/strong> to \u20ac<\/strong>169.5 million<\/strong>. And the performance improves when you look at the gross merchandise value (GMV), up 13%<\/strong> to \u20ac186.6 million<\/strong>. And even 42%<\/strong> in the United States<\/strong>, where Mytheresa<\/strong> is enjoying phenomenal success in Florida<\/strong> and Texas<\/strong>. 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<\/strong> (CPM). With this new business model launched at the end of 2021<\/strong>, Mytheresa continues to select products but no longer buys products in bulk, which are delivered directly by the houses to the customer.<\/p>\n <\/p>\n […][\/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…<\/p>\nVery low losses.<\/h2>\n
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Mytheresa was resilient in the third quarter of its 2021\/2022 financial year, which ended in March.<\/h4>\n