MYT Netherlands (MYTE) has released an update.
MYT Netherlands, operating under Mytheresa, reported a robust financial performance for FY24 with a significant 14% growth in H2 net sales and a substantial improvement in profitability, boasting a 4% adjusted EBITDA margin. The luxury digital platform saw a 25% surge in the US market, contributing to a 20% share of its total net sales. Mytheresa’s commitment to customer satisfaction is reflected in their industry-leading Net Promoter Score and record high Average Order Value, further establishing its position in the high-end luxury market.
For further insights into MYTE stock, check out TipRanks’ Stock Analysis page.
