Mytheresa Posts +18% Net Sales Growth and a Significantly Improved Adjusted EBITDA Margin Compared to the Previous Year Quarter By Investing.com

• Excellent top-line growth with Net Sales growing +17.6% and GMV +14.7% in Q3 FY24
• Mytheresa US business outperformance with record GMV growth of +41.6% and +48.3% growth of US Top Customers in Q3 FY24
• Continued strong global Top Customers growth with number of Top Customers growing by +17.0% in Q3 FY24
• Significant growth of Average Order Value L™ increasing by +8.0% to a record high of €692 in Q3 FY24
• Significantly improved profitability on adjusted EBITDA level during the quarter as compared to the prior year period

MUNICH–(BUSINESS WIRE)–MYT Netherlands Parent B.V. (NYSE: MYTE) (Mytheresa or the Company), today announced financial results for its third quarter fiscal year 2024 ended March 31, 2024. The leading luxury multi-brand digital platform reported excellent financials posting double-digit growth and improved profitability clearly outperforming the overall market.

Mytheresa’s third quarter performance exhibits highly accelerated top-line growth, strong expansion of Top Customer revenues and significantly improved profitability. The business in the United States continues to be a significant growth driver with highest regional growth, increased share of total business and record number of Top Customers in the third quarter of fiscal year 2024.

Michael Kliger, Chief Executive Officer of Mytheresa, said, We are very pleased with the strong performance in the third quarter. Double-digit revenue growth, double-digit Top Customer growth and a very high growth US business underscore that Mytheresa is not just a luxury e-commerce platform. We build a community for luxury enthusiasts and create desirability through digital and physical experiences.

Kliger continued, We see ourselves as one of the few winners in an otherwise still tough market environment. We clearly gain market share with our above average growth rates. We are benefiting from the consolidating landscape of luxury e-commerce players in a market that has huge growth prospects based on changing customer preferences favoring digital channels.

FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER ENDED MARCH 31, 2024

• Net sales increase +17.6% year-over-year to €233.9 million
• GMV growth of +14.7% to €252.2 million in Q3 FY24 as compared to €219.8 million in the prior year period
• Gross Profit growth of 12% to €101.6 million with 43.4% Gross Profit margin
• Significantly improved Adjusted EBITDA margin of…