Luxury e-commerce platform sees accelerated profitability in Q4 and US market growth

  • Mytheresa’s FY sales increase by 9.8% to €840.9m
  • Gross merchandise value up 7.1% to €913.6m
  • Adjusted EBITDA of €25.8m and 3.1% margin for FY24
  • Q4 net sales rise by 9.7%, H2 profitability doubles compared to previous year
  • CEO Michael Kliger: ‘very pleased with performance’
  • Anticipated growth of 7-13% and 3-5% adjusted EBITDA margin for FY25

Mytheresa, a luxury multi-brand digital platform, has reported a 9.8% increase in net sales to €840.9m for the year ending June 30th. The company’s gross merchandise value also rose by 7.1% to €913.6m compared to the previous year. In the fiscal year, Mytheresa achieved an adjusted EBITDA of €25.8m with a 3.1% margin. The fourth quarter saw significant growth and profitability improvements, with net sales rising by 9.7%. CEO Michael Kliger expressed satisfaction with the results, stating that the company is ‘very pleased’ with its performance in H2 of FY24. Mytheresa anticipates a 7-13% increase in gross merchandise value and a 3-5% adjusted EBITDA margin for the upcoming fiscal year ending June 30th, 2025.

Factuality Level: 8
Factuality Justification: The article provides accurate information about Mytheresa’s financial performance, including net sales, gross merchandise value, and adjusted EBITDA. It also includes quotes from the CEO of Mytheresa discussing their satisfaction with the results and expectations for future growth.
Noise Level: 2
Noise Justification: The article provides relevant financial information about a company’s performance and future expectations. It is concise and stays on topic without diving into unrelated territories. However, it lacks analysis or exploration of long-term trends or consequences of decisions.
Financial Relevance: Yes
Financial Markets Impacted: Mytheresa’s stock price and luxury retail sector
Financial Rating Justification: The article discusses financial metrics such as net sales, gross merchandise value, adjusted EBITDA, and adjusted EBITDA margin for Mytheresa, a luxury multi-brand digital platform. It also mentions the company’s expectations for future growth and profitability. These figures and projections can impact the stock price of Mytheresa and the overall luxury retail sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.

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