Myt Netherlands Parent B V - MYTE STOCK NEWS

Mytheresa (NYSE:MYTE) has announced its schedule for the first quarter fiscal year 2025 earnings release and conference call. The company will release its financial results for the quarter ended September 30, 2024, before U.S. market open on November 19, 2024, followed by a conference call at 8:00am Eastern Time. The company also announced participation in upcoming investor conferences, including J.P. Morgan Global Luxury & Brands Conference, BofA Global Research EMEA Consumer & Retail Conference, TD Cowen OC's Luxury Day, and Morgan Stanley Global Consumer & Retail Conference between November and December 2024.

MYT Netherlands Parent B.V. (Mytheresa) and Richemont have signed an agreement for Mytheresa to acquire YOOX NET-A-PORTER (YNAP), creating a leading global multi-brand digital luxury group. Key points:

• Richemont will sell YNAP to Mytheresa with a €555m cash position and no debt
• Mytheresa will issue shares to Richemont representing 33% of its fully diluted share capital
• Richemont will provide a €100m revolving credit facility to YNAP
• Transaction expected to close in H1 2025, subject to regulatory approvals
• The deal aims to integrate YNAP's Luxury division into Mytheresa, forming a group with three distinct storefronts: MYTHERESA, NET-A-PORTER, and MR PORTER
• The off-price division (YOOX and THE OUTNET) will be separated for efficiency
• YNAP's white label division will be discontinued

Mytheresa reported strong financial results for Q4 and full fiscal year 2024, with double-digit Net Sales growth of 14% in H2 FY24 compared to last year. The company achieved a 4% Adj. EBITDA margin in H2 FY24, showing improved profitability. Key highlights include:

- Continued US market growth of 25% in full FY24, with US Net Sales share expanding to 20%
- Exceptional customer economics with a 4.6% increase in average GMV per Top Customer
- Record Average Order Value (AOV) of €703 in full FY24
- Strong customer satisfaction with an industry-leading Net Promoter Score of 83.0% in Q4 FY24

For FY25, Mytheresa expects GMV and Net Sales growth of 7% to 13% and an Adjusted EBITDA margin between 3% and 5%.

Mytheresa (NYSE:MYTE) has announced the date for its fourth quarter and full fiscal year 2024 earnings release and conference call. The financial results for the period ended June 30, 2024, will be released before the U.S. market opens on September 12, 2024. A conference call to discuss the results will follow at 8:00am Eastern Time on the same day.

Investors can participate via webcast through Mytheresa's Investor Relations website or by telephone. The participant access code for the call is 7531135. A replay of the conference call will be available via webcast and by telephone until September 19, 2024.

MYT Netherlands Parent B.V. (NYSE: MYTE), the parent company of Mytheresa Group GmbH, has announced the participation of its CEO, Michael Kliger, and CFO, Martin Beer, in upcoming investor conferences. Michael Kliger will attend the Morgan Stanley 2nd Annual Luxury Conference in Paris on May 22, 2024, where he will deliver a presentation at 15:00h CET. Martin Beer will participate in the TD Cowen 8th Future of the Consumer Conference in New York City on June 4 and 5, 2024, featuring a Fireside Chat at 11:30am ET on June 4. Both executives will be available for one-on-one and small group meetings. The New York presentation will be available via live webcast and replay on Mytheresa’s investor relations website.

Mytheresa (NYSE: MYTE) announced its Q3 FY24 financial results, showcasing strong performance with a +17.6% increase in net sales to €233.9 million and a +14.7% growth in GMV to €252.2 million. The U.S. market led growth with a record +41.6% GMV increase and +48.3% growth in top US customers. Average Order Value also hit a record €692, up +8.0%. Adjusted EBITDA margin improved to 3.9% from the prior year. Key business highlights included collaborations with luxury brands and new Retail Media services. Mytheresa confirmed its full-year guidance for GMV and Net Sales growth of 8%-13% and an adjusted EBITDA margin of 3%-5%.

Financial highlights include a 12% growth in Gross Profit to €101.6 million and lower inventory growth at 11.9%, securing future financing through a new multi-year revolving credit agreement. Key initiatives like high-impact customer activations and exclusive collections contributed to its strong market performance.

Mytheresa (MYTE) announces preliminary third-quarter results with double-digit topline growth and significantly improved profitability. The company confirms guidance for fiscal year 2024 at the lower end of the ranges. Mytheresa's strong financial results showcase its robust business model and market share gains in a consolidating market environment.

MYT Netherlands Parent B.V. (NYSE: MYTE) announced strong financial results for Q2 FY24, with net sales growing +8.3% on a constant currency basis. The US market showed significant growth with a +17.4% increase in net sales. The company also achieved a new record high for Average Order Value LTM at €672.

MYTE Netherlands Parent B.V. (NYSE:MYTE) has announced the release date for its second quarter fiscal year 2024 financial results, which will be released before the U.S. market open on February 15, 2024. The company will hold a conference call to discuss the results at 8:00am Eastern Time the same day. Mytheresa's CEO and CFO will also participate in upcoming investor conferences in London and New York in March and April 2024.