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Benjamin Fitzgerald Published
February 17, 2025
Luxury retail platform Mytheresa announced on Thursday net sales rose 3.6 percent to €197 million based on international financial reporting standards, on the back of double-digit growth in the North America.
The German company said net sales rose 8.3 percent on a constant currency basis. Likewise, GMV grew 5.9% on a constant currency basis, or 1.5% on a nominal basis, to €219.1 million.
The firm went on to describe second-quarter highlights including a strong double-digit revenue growth in the United States, up 17.4 percent; double-digit global top customer growth; "highly impactful" top customer events around the globe and "excellent service performance," resulting in a customer NPS over 80%.
For the three months ending December 31, the company recorded a net loss of €5.4 million, compared to a net loss of €0.5 million, in the prior-year period.
“We are pleased with our results in a challenging macro environment. With positive revenue growth and positive adjusted EBITDA in the second quarter, we not only surpassed market expectations but also outperformed almost all competitors. Our resilient business model and our clear focus on the high-spending, wardrobe-building top customers allow us to win market share in the current market environment and we are thus well positioned to benefit and accelerate when market conditions will improve," said Michael Kliger, chief executive officer of Mytheresa.
“We are very confident about the medium-term outlook for the company given the very positive projections for the digital luxury sector and our competitive strength. We believe that Mytheresa offers the best digital luxury shopping experience for big-spending consumers and true luxury brands.”
Looking ahead, Mytheresa forecast GMV and net sales growth in the range of 8% to 13% for the full fiscal year ending June 30, 2025.