- Double-digit Net Sales growth with +13.4% in Q2 FY25 vs.
Q2 FY24
- Continuous US expansion with +17.6% Net Sales growth in
Q2 FY25
- Strong GMV per Top Customer growth with +13.6% in
Q2 FY25
- Outstanding Average Order Value increasing by +9.5% to
€736 LTM in Q2 FY25
- Gross Profit Margin increase of 110bps to 50.9% in Q2
FY25
- Strong profitability with adjusted EBITDA margin of 7.3%
in Q2 FY25
- Inventory decrease of -1.3% in Q2 FY25 vs. Q2 FY24
MYT Netherlands Parent B.V. (NYSE: MYTE) (“Mytheresa” or the
“Company”), today announced financial results for its second
quarter fiscal year 2025 ended December 31, 2024. The luxury
multi-brand digital platform reported continued strong financials
with double-digit top-line growth and strong profitability clearly
demonstrating the continued success of the Mytheresa business.
Mytheresa’s second quarter highlights include double-digit
revenue growth, high Top Customer spend growth, many
“money-can’t-buy” Top Customer experiences around the globe and
continued strong adjusted EBITDA profitability.
Michael Kliger, Chief Executive Officer of Mytheresa,
said, “We are very pleased with our results in a still volatile
macro environment. With strong, accelerating revenue growth of
13.4% and positive, significantly improved adjusted EBITDA margin
of 7.3% in the second quarter, we continued our very positive
business momentum from the previous quarters and have achieved a
significant step up in financial performance in H1 of fiscal year
2025 compared to H1 of fiscal year 2024.”
Kliger continued, “We have reaffirmed our leadership position in
terms of financial performance and reputation in digital luxury.
Our clear focus on the high-spending, wardrobe-building top
customers sets us apart and allows us to win market share and grow
profitably. Strong Top Customer revenue growth, an outstanding
average order value and excellent customer satisfaction scores
demonstrate our relentless customer focus which is a key success
factor for Mytheresa.”
FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER ENDED DECEMBER
31, 2024
- Net sales increase of +13.4% year-over-year to €223.0
million as compared to €196.6 million in Q2 FY24 and in H1 FY25
+10.6% vs. H1 FY24
- GMV growth of 11.9% to €244.7 million in Q2 FY25 as
compared to €218.7 million in the prior year period
- Outstanding Average Order Value increasing by +9.5% to
€736 LTM in Q2 FY25
- Strong Gross Profit margin of 50.9%, an increase of 110
BPs to year-over-year
- Adjusted EBITDA of €16.2 million and adjusted EBITDA margin
of 7.3% - in H1 of FY25 Adjusted EBITDA margin at 4.5%
- Positive Adjusted Operating Income and Adjusted Net Income
Margin of 5.5% and 4.8%, respectively in Q2 FY25
- Inventory decrease of -1.3% in Q2 FY25 vs. Q2 FY24 to
€404.6 million
KEY BUSINESS HIGHLIGHTS
- Strong Net Sales growth in the United States of +17.6% vs. Q2
FY24
- Strong growth of GMV per Top Customers of +13.6% vs. Q2
FY24
- Launch of exclusive capsule collections and pre-launches in
collaboration with Khaite, Alaia, Saint Laurent, Loewe, Gucci, Miu
Miu, Moncler, Bottega Veneta and many more
- Continued expansion of fine jewelry offer with launch of highly
prestigious Bvlgari brand online, supporting ongoing top customer
focus and high value item growth
- Impactful Top Customer events around the globe and multi-day
“money-can´t buy” experiences in partnership with luxury brands,
including a mountain experience with Zegna and an exclusive 2-day
Nordic winter experience with Moncler Grenoble in Oslo
- 2-week immersive Après-Ski experience to start mid February in
Aspen in cooperation with Bemelmans Bar from New York to attract
and engage with highly relevant target audience
- Excellent customer satisfaction with Net Promoter Score of
83.3% in Q2 FY25
- Announcement of new group name “LuxExperience” upon expected
completion of the YOOX NET-A-PORTER acquisition
For the full fiscal year ending June 30, 2025, we expect:
- GMV and Net Sales growth in the range of 7% to 13%
- Adjusted EBITDA margin in the range of 3% and 5%
The foregoing forward-looking statements reflect Mytheresa’s
expectations as of today's date. Given the number of risk factors,
uncertainties and assumptions discussed below, actual results may
differ materially. Mytheresa does not intend to update its
forward-looking statements until its next quarterly results
announcement, other than in publicly available statements.
ACQUISITION OF YNAP
On October 7, 2024, the Company and Richemont Italia Holding
S.P.A signed an agreement for Mytheresa to acquire YOOX
Net-A-Porter Group S.p.A (“YNAP”):
- Richemont Italia Holding S.P.A will sell YNAP, encompassing
NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, to Mytheresa with a
cash position of €555m and no financial debt, subject to customary
closing adjustments.
- Mytheresa to issue shares to Richemont Italia Holding S.P.A
representing 33% of Mytheresa’s fully diluted share capital.
- Richemont International Holding S.A. to provide a €100m
revolving credit facility to YNAP.
- Closing of transaction expected in the first half of calendar
2025, subject to customary conditions, including regulatory
approvals.
CONFERENCE CALL AND WEBCAST INFORMATION
Mytheresa will host a conference call to discuss its second
quarter of fiscal year 2024 financial results on February 11, 2025
at 8:00am Eastern Time. Those wishing to participate via webcast
should access the call through Mytheresa’s Investor Relations
website at https://investors.mytheresa.com. Those wishing to
participate via the telephone may dial in at +1 (888) 715-9871
(USA).
The participant access code will be 7531135. The conference call
replay will be available via webcast through Mytheresa’s Investor
Relations website. The telephone replay will be available from
11:00am Eastern Time on February 11, 2025, through February 18,
2025, by dialing +1 (800) 770-2030 (USA). The replay passcode will
be 7531135. For specific international dial-ins please see
here.
FORWARD LOOKING STATEMENTS
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements relating to financing activities;
future sales, expenses, and profitability; future development and
expected growth of our business and industry; our ability to
execute our business model and our business strategy; having
available sufficient cash and borrowing capacity to meet working
capital, debt service and capital expenditure requirements for the
next twelve months; and projected capital spending. In some cases,
you can identify forward-looking statements by the following words:
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “ongoing,” “plan,” “potential,” “predict,”
“project,” “should,” “will,” “would” or the negative of these terms
or other comparable terminology, although not all forward-looking
statements contain these words. These statements are only
predictions. Actual events or results may differ materially from
those stated or implied by these forward-looking statements. In
evaluating these statements and our prospects, you should carefully
consider the factors set forth below.
We undertake no obligation to update any forward-looking
statements made in this press release to reflect events or
circumstances after the date of this press release or to reflect
new information or the occurrence of unanticipated events, except
as required by law.
The achievement or success of the matters covered by such
forward-looking statements involves known and unknown risks,
uncertainties and assumptions. If any such risks or uncertainties
materialize or if any of the assumptions prove incorrect, our
results could differ materially from the results expressed or
implied by the forward-looking statements we make.
You should not rely upon forward-looking statements as
predictions of future events. Forward-looking statements represent
our management’s beliefs and assumptions only as of the date such
statements are made.
Further information on these and other factors that could affect
our financial results is included in filings we make with the U.S.
Securities and Exchange Commission (“SEC”) from time to time,
including the section titled “Risk Factors” included in the Form
20-F filed on September 12, 2024. These documents are available on
the SEC’s website at www.sec.gov and on the SEC Filings section of
the Investor Relations section of our website at:
https://investors.mytheresa.com.
ABOUT NON-IFRS FINANCIAL MEASURES AND OPERATING
METRICS
Our non-IFRS financial measures include:
- Adjusted EBITDA is a non-IFRS financial measure that we
calculate as net income before finance expense (net), taxes, and
depreciation and amortization, adjusted to exclude Other
transaction-related, certain legal and other expenses and
Share-based compensation expense. Adjusted EBITDA Margin is a
non-IFRS financial measure which is calculated in relation to net
sales.
- Adjusted Operating Income is a non-IFRS financial
measure that we calculate as operating income, adjusted to exclude
Other transaction-related, certain legal and other expenses and
Share-based compensation expense. Adjusted Operating Income Margin
is a non-IFRS financial measure which is calculated in relation to
net sales.
- Adjusted Net Income is a non-IFRS financial measure that
we calculate as net income, adjusted to exclude Other
transaction-related, certain legal and other expenses and
Share-based compensation expense. Adjusted Net Income Margin is a
non-IFRS financial measure which is calculated in relation to net
sales.
We are not able to forecast net income (loss) on a
forward-looking basis without unreasonable efforts due to the high
variability and difficulty in predicting certain items that affect
net income (loss), including, but not limited to, Income taxes and
Interest expense and, as a result, are unable to provide a
reconciliation to forecasted Adjusted EBITDA.
Gross Merchandise Value (GMV) is an operative measure and means
the total Euro value of orders processed. GMV is inclusive of
merchandise value, shipping and duty. It is net of returns, value
added taxes and cancellations. GMV does not represent revenue
earned by us. We use GMV as an indicator for the usage of our
platform that is not influenced by the mix of direct sales and
commission sales. The indicators we use to monitor usage of our
platform include, among others, active customers, total orders
shipped and GMV.
ABOUT MYTHERESA
Mytheresa is one of the leading luxury multi-brand digital
platforms shipping to over 130 countries. Founded as a boutique in
1987, Mytheresa launched online in 2006 and offers ready-to-wear,
shoes, bags and accessories for womenswear, menswear, kidswear as
well as lifestyle products and fine jewelry. The highly curated
edit of up to 250 brands focuses on true luxury brands such as
Bottega Veneta, Brunello Cucinelli, Dolce&Gabbana, Gucci,
Loewe, Loro Piana, Moncler, Prada, Saint Laurent, The Row,
Valentino, and many more. Mytheresa’s unique digital experience is
based on a sharp focus on high-end luxury shoppers, exclusive
product and content offerings, leading technology and analytical
platforms as well as high quality service operations. The NYSE
listed company reported €913.6 million GMV in fiscal year 2024 (+7%
vs. FY23).
For more information and updated Mytheresa campaign imagery,
please visit https://investors.mytheresa.com.
MYT Netherlands Parent
B.V.
Financial Results and Key
Operating Metrics
(Amounts in €
millions)
Three Months Ended
Six Months Ended
December 31, 2023
December 31, 2024
Change in % / BPs
December 31, 2023
December 31, 2024
Change in % / BPs
(in millions) (unaudited)
Gross Merchandise Value (GMV) (1)
€ 218.7
€ 244.7
11.9%
€ 422.5
€ 461.2
9.2%
Active customer (LTM in thousands) (1),
(2)
856
843
(1.5%)
856
843
(1.5%)
Total orders shipped (LTM in thousands)
(1), (2)
2,037
2,089
2.5%
2,037
2,089
2.5%
Net sales
€ 196.6
€ 223.0
13.4%
€ 384.1
€ 424.7
10.6%
Gross profit
€ 97.9
€ 113.6
16.0%
€ 177.4
€ 202.2
14.0%
Gross profit margin(3)
49.8%
50.9%
110 BPs
46.2%
47.6%
140 BPs
Operating loss
€ (4.8)
€ (2.5)
46.8%
€ (18.2)
€ (32.6)
(78.5%)
Operating loss margin(3)
(2.4%)
(1.1%)
130 BPs
(4.8%)
(7.7%)
(290 BPs)
Net loss
€ (5.8)
€ (4.7)
19.3%
€ (18.0)
€ (28.2)
(56.8%)
Net loss margin(3)
(3.0%)
(2.1%)
90 BPs
(4.7%)
(6.6%)
(190 BPs)
Adjusted EBITDA(4)
€ 7.5
€ 16.2
114.8%
€ 6.4
€ 19.1
199.6%
Adjusted EBITDA margin(3)
3.8%
7.3%
350 BPs
1.7%
4.5%
280 BPs
Adjusted Operating income (loss)(4)
€ 3.7
€ 12.2
232.0%
€ (0.9)
€ 11.1
1389.3%
Adjusted Operating income (loss)
margin(3)
1.9%
5.5%
360 BPs
(0.2%)
2.6%
280 BPs
Adjusted Net income (loss) (4)
€ 2.7
€ 10.6
299.6%
€ (0.6)
€ 16.0
2767.1%
Adjusted Net income (loss) margin(3)
1.3%
4.8%
350 BPs
(0.2%)
3.8%
400 BPs
(1)
Definition of GMV, Active
customer and Total orders shipped can be found on page 29 in our
quarterly report.
(2)
Active customers and total orders
shipped are calculated based on orders shipped from our sites
during the last twelve months (LTM) ended on the last day of the
period presented.
(3)
As a percentage of net sales.
(4)
EBITDA, adjusted EBITDA, adjusted
Operating income, adjusted net income (loss) are measures not
defined under IFRS. For further information about how we calculate
these measures and limitations of its use, see page 29 in our
quarterly report.
MYT Netherlands Parent
B.V.
Financial Results and Key
Operating Metrics
(Amounts in €
millions)
The following tables set forth the
reconciliations of net loss to EBITDA to adjusted EBITDA, operating
loss to adjusted operating income (loss) and net loss to adjusted
net income (loss), and their corresponding margins as a percentage
of net sales:
Three Months Ended
Six Months Ended
December 31, 2023
December 31, 2024
Change in %
December 31, 2023
December 31, 2024
Change in %
(in millions) (unaudited)
Net loss
€ (5.8)
€ (4.7)
19.3%
€ (18.0)
€ (28.2)
(56.8%)
Finance costs, net
€ 1.2
€ 2.0
63.2%
€ 2.2
€ 3.2
43.9%
Income tax expense (benefit)
€ (0.2)
€ 0.2
218.9%
€ (2.5)
€ (7.5)
(205.7%)
Depreciation and amortization
€ 3.8
€ 3.9
2.3%
€ 7.2
€ 11.1
52.8%
thereof depreciation of right-of use
assets
€ 2.4
€ 2.4
3.3%
€ 4.7
€ 4.8
2.4%
thereof impairment loss on property &
equipment (3)
-
-
N/A
-
€ 3.1
N/A
EBITDA
€ (0.9)
€ 1.4
248.3%
€ (11.0)
€ (21.5)
(95.5%)
Other transaction-related, certain legal
and other expenses (1)
€ 3.6
€ 9.6
167.2%
€ 6.1
€ 31.0
412.0%
Share-based compensation (2)
€ 4.9
€ 5.1
6.0%
€ 11.3
€ 9.6
(14.9%)
Adjusted EBITDA
€ 7.5
€ 16.2
114.8%
€ 6.4
€ 19.1
199.6%
Reconciliation to Adjusted EBITDA
Margin
Net sales
€ 196.6
€ 223.0
13.4%
€ 384.1
€ 424.7
10.6%
Adjusted EBITDA margin
3.8%
7.3%
350 BPs
1.7%
4.5%
280 BPs
Three Months Ended
Six Months Ended
December 31, 2023
December 31, 2024
Change in %
December 31, 2023
December 31, 2024
Change in %
(in millions) (unaudited)
Operating loss
€ (4.8)
€ (2.5)
46.8%
€ (18.2)
€ (32.6)
(78.5%)
Other transaction-related, certain legal
and other expenses (1)
€ 3.6
€ 9.6
167.2%
€ 6.1
€ 31.0
412.0%
Share-based compensation (2)
€ 4.9
€ 5.1
6.0%
€ 11.3
€ 9.6
(14.9%)
Impairment loss on property &
equipment (3)
-
-
N/A
-
€ 3.1
N/A
Adjusted Operating income (loss)
€ 3.7
€ 12.2
232.0%
€ (0.9)
€ 11.1
1389.3%
Reconciliation to Adjusted Operating
income margin
Net sales
€ 196.6
€ 223.0
13.4%
€ 384.1
€ 424.7
10.6%
Adjusted Operating income (loss)
margin
1.9%
5.5%
360 BPs
(0.2%)
2.6%
280 BPs
Three Months Ended
Six Months Ended
December 31, 2023
December 31, 2024
Change in %
December 31, 2023
December , 2024
Change in %
(in millions) (unaudited)
Net loss
€ (5.8)
€ (4.7)
19.3%
€ (18.0)
€ (28.2)
(56.8%)
Other transaction-related, certain legal
and other expenses (1)
€ 3.6
€ 10.1
181.1%
€ 6.1
€ 31.5
420.3%
Share-based compensation (2)
€ 4.9
€ 5.1
6.0%
€ 11.3
€ 9.6
(14.9%)
Impairment loss on property &
equipment (3)
-
-
N/A
-
€ 3.1
N/A
Adjusted Net income
€ 2.7
€ 10.6
299.6%
€ (0.6)
€ 16.0
2767.1%
Reconciliation to Adjusted Net income
Margin
Net sales
€ 196.6
€ 223.0
13.4%
€ 384.1
€ 424.7
10.6%
Adjusted Net income margin
1.3%
4.8%
350 BPs
(0.2%)
3.8%
400 BPs
(1)
Other transaction-related,
certain legal and other expenses represent (i) professional fees,
including advisory and accounting fees, related to potential
transactions, (ii) certain legal and other expenses incurred
outside the ordinary course of our business, (iii) other
non-recurring expenses incurred in connection with the costs of
closing distribution center in Heimstetten, Germany and (iv)
finance costs in the form of RCF amendment fees.
(2)
Certain members of management and
supervisory board members have been granted share-based
compensation for which the share-based compensation expense will be
recognized upon defined vesting schedules in the future periods.
Our methodology to adjust for share-based compensation and
subsequently calculate Adjusted EBITDA, Adjusted Operating Income
and Adjusted Net Income includes both share-based compensation
expense connected to the IPO and share-based compensation expense
recognized in connection with grants under the Long-Term Incentive
Plan (LTI) for the Mytheresa Group key management members and
share-based compensation expense due to Supervisory Board Members
Plans. We do not consider share-based compensation expense to be
indicative of our core operating performance. For further
information about how we calculate these measures and limitations
of its use, see our annual report on Form 20-F filed on September
12, 2024.
(3)
Included in depreciation and
amortization is an impairment loss recognized, in accordance with
IAS 36, on property plant and equipment utilized in the Heimstetten
distribution center, which was closed in August 2024.
MYT Netherlands Parent
B.V.
Unaudited Condensed
Consolidated Statements of Profit & Loss and Comprehensive
Income
(Amounts in € thousands,
except share and per share data)
Three Months Ended
Six Months Ended
(in € thousands)
December 31, 2023
December 31, 2024
December 31, 2023
December 31, 2024
Net sales
196,630
222,985
384,096
424,685
Cost of sales, exclusive of depreciation
and amortization
(98,695)
(109,399)
(206,673)
(222,467)
Gross profit
97,935
113,585
177,423
202,219
Shipping and payment cost
(32,513)
(33,698)
(60,825)
(63,058)
Marketing expenses
(23,458)
(30,076)
(47,157)
(55,069)
Selling, general and administrative
expenses
(42,012)
(48,726)
(80,439)
(104,739)
Depreciation and amortization
(3,842)
(3,929)
(7,238)
(11,057)
Other income (expense), net
(887)
302
(13)
(876)
Operating loss
(4,777)
(2,543)
(18,249)
(32,580)
Finance income
-
-
1
-
Finance costs
(1,197)
(1,953)
(2,206)
(3,174)
Finance costs, net
(1,197)
(1,953)
(2,205)
(3,174)
Loss before income taxes
(5,974)
(4,496)
(20,455)
(35,753)
Income tax (expense) benefit
161
(193)
2,468
7,542
Net loss
(5,813)
(4,689)
(17,987)
(28,211)
Cash Flow Hedge
1,549
(4,213)
(195)
(3,178)
Income Taxes related to Cash Flow
Hedge
(432)
1,176
54
887
Foreign currency translation
(21)
47
(33)
18
Other comprehensive income
(loss)
1,096
(2,990)
(174)
(2,273)
Comprehensive loss
(4,717)
(7,679)
(18,160)
(30,484)
Basic & diluted earnings per share
€
(0.07)
€
(0.05)
(0.21)
€
(0.32)
Weighted average ordinary shares
outstanding (basic and diluted) – in millions (1) (basic and
diluted) – in millions
86.8
87.2
86.8
87.2
(1)
In accordance with IAS 33,
includes contingently issuable shares that are fully vested and can
be converted at any time for no consideration. For further details,
refer to note 14 in our quarterly report.
MYT Netherlands Parent
B.V.
Unaudited Condensed
Consolidated Statements of Financial Position
(Amounts in €
thousands)
(in € thousands)
June 30, 2024
December 31, 2024
Assets
Non-current assets
Intangible assets and goodwill
154,951
155,204
Property and equipment
43,653
38,901
Right-of-use assets
45,468
42,862
Deferred tax assets
1,999
9,367
Other non-current assets
7,572
7,730
Total non-current assets
253,643
254,064
Current assets
Inventories
370,635
404,570
Trade and other receivables
11,819
9,387
Other assets
45,306
33,983
Cash and cash equivalents
15,107
13,836
Total current assets
442,867
461,776
Total assets
696,511
715,840
Shareholders’ equity and
liabilities
Subscribed capital
1
1
Capital reserve
546,913
556,489
Accumulated Deficit
(112,767)
(140,978)
Accumulated other comprehensive income
1,496
(777)
Total shareholders’ equity
435,643
414,736
Non-current liabilities
Provisions
2,789
2,869
Lease liabilities
40,483
38,795
Deferred tax liabilities
11
31
Total non-current liabilities
43,282
41,695
Current liabilities
Borrowings
-
40,594
Tax liabilities
10,643
8,403
Lease liabilities
9,282
8,561
Contract liabilities
17,104
16,919
Trade and other payables
85,322
71,923
Other liabilities
95,235
113,010
Total current liabilities
217,585
259,410
Total liabilities
260,867
301,105
Total shareholders’ equity and
liabilities
696,511
715,840
MYT Netherlands Parent
B.V.
Unaudited Condensed
Consolidated Statements of Changes in Equity
(Amounts in €
thousands)
(in € thousands)
Subscribed capital
Capital reserve
Accumulated deficit
Hedging reserve
Foreign currency translation
reserve
Total shareholders’
equity
Balance as of July 1, 2023
1
529,775
(87,856)
-
1,509
443,429
Net loss
-
-
(17,987)
-
-
(17,987)
Other comprehensive income
-
-
-
(141)
(33)
(174)
Comprehensive loss
-
-
(17,987)
(141)
(33)
(18,160)
Share-based compensation
-
11,336
-
-
-
11,336
Balance as of December 31, 2023
1
541,111
(105,843)
(141)
1,476
436,604
Balance as of July 1, 2024
1
546,913
(112,767)
-
1,496
435,643
Net loss
-
-
(28,211)
-
-
(28,211)
Other comprehensive loss
-
-
-
(2,291)
18
(2,273)
Comprehensive loss
-
-
(28,211)
(2,291)
18
(30,484)
Reclassification due to cash settlement of
share-based compensation
-
(66)
-
-
-
(66)
Share-based compensation
-
9,642
-
-
-
9,642
Balance as of December 31, 2024
1
556,489
(140,978)
(2,291)
1,514
414,736
MYT Netherlands Parent
B.V.
Unaudited Condensed
Consolidated Statements of Cash Flows
(Amounts in €
thousands)
Six months ended December
31,
(in € thousands)
2023
2024
Net loss
(17,987)
(28,211)
Adjustments for
Depreciation and amortization
7,238
11,057
Finance costs, net
2,205
3,174
Share-based compensation
11,336
9,642
Income tax expense (benefit)
(2,468)
(7,542)
Change in operating assets and
liabilities
Increase in inventories
(49,733)
(33,935)
Decrease (increase) in trade and other
receivables
(7,995)
2,432
Decrease in other assets
6,585
11,121
Increase in other liabilities
7,017
14,403
(Decrease) increase in contract
liabilities
1,205
(185)
(Decrease) increase in trade and other
payables
32,198
(13,405)
Income taxes paid
(4,371)
(1,158)
Net cash used in operating
activities
(14,770)
(32,607)
Expenditure for property and equipment and
intangible assets
(4,551)
(1,708)
Net cash (used in) investing
activities
(4,551)
(1,708)
Interest paid
(2,205)
(3,045)
Proceeds from borrowings
1,404
40,594
Cash settlement of share-based
compensation
-
(66)
Payment of lease liabilities
(3,515)
(4,572)
Net cash inflow (outflow) from
financing activities
(4,316)
32,911
Net decrease in cash and cash
equivalents
(23,638)
(1,404)
Cash and cash equivalents at the
beginning of the period
30,136
15,107
Effects of exchange rate changes on
cash and cash equivalents
(61)
134
Cash and cash equivalents at end of the
period
6,437
13,836
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250211117505/en/
Investor Relations Contacts Mytheresa.com GmbH Stefanie
Muenz phone: +49 89 127695-1919 email: investors@mytheresa.com
Media Contacts for public relations Mytheresa.com GmbH
Sandra Romano mobile: +49 152 54725178 email:
sandra.romano@mytheresa.com
Media Contacts for business press Mytheresa.com GmbH Lisa
Schulz mobile: +49 151 11216490 email:
lisa.schulz@mytheresa.com
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