Mytheresa is growing little by little. The German e-commerce company specializing in luxury fashion concluded the first half of its fiscal year, which ended on December 31, with net sales of 366 million euros, an increase of 6% compared to the same period in 2021.
“We are pleased with the strong growth in the second quarter, which is driven by it Mytheresa’s apparent focus is on the true luxury clientele rather than the casual and ambitious luxury buyer likely to be adversely affected by the economic downturn. Michael Kliger, CEO of Myhteresa, said in a statement.
but The German e-commerce company reported a 30.1% drop in adjusted ebidta, up to 30.4 million euros. The group’s losses fell to red figures of 4.2 million euros, compared to negative numbers of 5.3 million euros in the first half of the previous year.
Mytheresa expects to record sales of €800 million in the financial year ending 30 June 2023.
During the semester, the German company raised The total value of the goods (GMV) 13.7% to 413 million euros. In addition, during these months, the company has included in its platform the presentation of more luxury companies such as Stella McCartney, Loro Piana, Max Mara or The Row.
As we approach the end of the 2023 financial year, which ends on June 30, the German e-commerce company expects to record sales of 800 million euros, which means an increase of 16%. next toMytheresa expects its adjusted EBITDA to be between €68 million and €76 million..
In terms of GMV, the German luxury fashion platform plans to grow between 16% and 22% and thus register between €865m and €910m.
Mytheresa, founded in 1987, ships to over 130 countries. The company launched the online channel in 2006 and offers Ready to wearAnd shoes and bags, as well as accessories for women, men and children. In 2022, Mytheresa expands its luxury offering to include home décor and lifestyle products with the launch of the category life. The platform works with 200 luxury brands such as Bottega Veneta, Gucci, Loewe, Moncler, Burberry or Loro Piana.
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