Myt Netherlands Adr ( (LUXE) ) has released its Q3 earnings. Here is a breakdown of the information Myt Netherlands Adr presented to its investors.
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LuxExperience B.V., a leading digital multi-brand luxury group, operates renowned platforms like Mytheresa, NET-A-PORTER, and MR PORTER, offering a curated selection of high-end fashion and lifestyle products. In its latest earnings report for the third quarter of fiscal year 2025, LuxExperience reported a 4% growth in net sales and maintained a strong adjusted EBITDA margin of 4% for its legacy Mytheresa business. The company highlighted significant growth in Gross Merchandise Value (GMV) per top customer by 17.9% and an increase in average order value by 8.8% to €753. The gross profit margin also rose by 140 basis points to 45%, reflecting continued profitability amidst challenging market conditions. Key strategic moves included the expansion of global distribution rights with Prada and the successful acquisition of YOOX NET-A-PORTER, which positions LuxExperience to lead in the global digital luxury market. Looking ahead, LuxExperience aims to achieve around €4 billion in net sales annually with an adjusted EBITDA margin of 7% to 9%, leveraging its robust business model and strategic acquisitions to drive growth and profitability.