LuxExperience reports Q1 ContOps EPS EUR 0.70 vs. EUR 0.27 last year

Reports Q1 revenue EUR 589.0M vs. EUR 615.3M last year. Michael Kliger, CEO of LuxExperience (LUXE), said, “I am very pleased with the strong results and improvements across all three segments. Mytheresa continues to demonstrate our unique ability to deliver strong growth and profitability despite ongoing macro headwinds. NET-A-PORTER and MR PORTER clearly show signs of the commercial turnaround that will drive renewed growth and profitability after years of decline. In the off-price segment we follow the anticipated transformation and I am pleased that we have been off to a fast start here also.” Kliger continued, “LuxExperience is in the perfect position to benefit from the continued growth of digital luxury and the ongoing consolidation in the sector. We expect to become the one and only destination for luxury enthusiasts worldwide.”