Welcome to our dedicated page for MYT Netherlands Parent B.V. American Depositary Shares, each representing one Ordinary Share news (Ticker: MYTE), a resource for investors and traders seeking the latest updates and insights on MYT Netherlands Parent B.V. American Depositary Shares, each representing one Ordinary Share stock.
MYT Netherlands Parent B.V., trading under the symbol MYTE, is a premier luxury e-commerce platform, known globally for its high-end fashion offerings. The company operates Mytheresa.com, a leading online retailer in Europe, launched in 2006. Mytheresa.com features a curated selection of over 200 international designer brands, including Balenciaga, Saint Laurent, and Valentino. Their extensive product range includes clothing, shoes, bags, and accessories.
The company’s headquarters are in Munich, housing an international team of over 400 talented individuals from more than 50 nations. The company prides itself on offering an exceptional shopping experience to customers in over 120 countries. This includes unique services and innovative digital content for editorial, public relations, and branding activities.
The core mission of MYT Netherlands Parent B.V. is to provide a boutique-like shopping experience in the digital luxury fashion domain, evoking love and passion through a meticulous product selection and memorable service. They continuously work on developing best practices in IT, human resources, operations, online marketing, and web design to maintain their leading position in the market.
Latest News:
- MYT Netherlands Parent B.V. recently announced a new partnership with a major luxury brand to expand its product offerings.
- The company reported a significant increase in quarterly revenue, attributing the growth to a surge in online shopping.
- Mytheresa.com launched an exclusive collection in collaboration with a top designer, receiving widespread acclaim.
MYT Netherlands Parent B.V. continues to thrive in the luxury e-commerce space, making significant strides in market presence and customer satisfaction.
MYT Netherlands Parent B.V. (NYSE: MYTE), the parent company of Mytheresa, has reported its preliminary unaudited financial results for Q3 2023, ending March 31, 2023. The company indicated that macroeconomic challenges have negatively impacted consumer sentiment, affecting financial performance. Gross Merchandise Value (GMV) is expected to be between €218-221 million, with net sales projected between €196-199 million. Gross profit is anticipated to be between €89-92 million, and adjusted EBITDA is estimated in the range of €2-4 million. The updated full-year outlook has GMV growth projected at 13%-15%, net sales growth at 9%-11%, and gross profit growth at 7%-9%. The company remains optimistic about achieving profitable growth despite ongoing challenges.
Mytheresa reported a 7.8% growth in Gross Merchandise Value (GMV), reaching €215.9 million in Q2 FY23, up from €200.2 million the previous year. The company achieved a 1.3% year-over-year increase in net sales, totaling €190.1 million. With a Gross Profit margin of 54.8% (up 140 basis points), Mytheresa demonstrated strong profitability, showing an Adjusted EBITDA of €17.7 million. The company confirmed its FY23 guidance, projecting GMV growth of 16% to 22% and an Adjusted EBITDA margin of 9% to 9.5%. CEO Michael Kliger highlighted resilience and a focus on high-end customers amidst economic challenges.
MYT Netherlands Parent B.V. (NYSE:MYTE), the parent company of Mytheresa, announced its second quarter fiscal year 2023 financial results will be released on February 23, 2023, before the U.S. market opens. A conference call to discuss the results will follow at 8:00 am ET on the same day. The company will also be participating in several upcoming investor conferences, including the Bank of America 2023 Consumer & Retail Conference on March 14 and the Jefferies Pan-European Mid-Cap Conference on March 28, 2023. Mytheresa has reported a gross merchandise value (GMV) of €747.3 million for fiscal year 2022, marking a 21.3% increase compared to FY21.
MYT Netherlands Parent B.V. (NYSE: MYTE) reported a strong Q1 FY23, achieving a 20.8% year-over-year growth in Gross Merchandise Value (GMV) to €197.9 million. The company's Gross Profit margin increased to 49.9%, while the Adjusted EBITDA margin stood at 6.6%. The full-year guidance indicates GMV growth of 16% to 22% and a stable Adjusted EBITDA margin of 9.0% to 9.5%. MYTE sees accelerated growth, particularly in the U.S. (+28.5%) and strong customer acquisition, with over 800,000 active customers.
MYT Netherlands Parent B.V. (NYSE:MYTE), parent company of Mytheresa Group GmbH, has announced it will release its first quarter fiscal year 2023 financial results on November 8, 2022, before the U.S. market opens. A conference call is scheduled for 8:00 AM ET on the same day. Mytheresa is a leading luxury fashion e-commerce platform, shipping to over 130 countries, reporting €747.3 million GMV in fiscal year 2022, a 21.3% increase from FY21. The company will also participate in several upcoming investor conferences in Paris and Miami throughout November and December.
MYT Netherlands Parent B.V. (NYSE: MYTE) reported robust financial results for FY22, achieving a 21.3% growth in Gross Merchandise Value (GMV) to €747.3 million and reaching an Adjusted EBITDA margin of 9.6%. The company also noted a two-year GMV growth of 66.3% and a three-year GMV growth of 97.1%. For FY23, MYTE forecasts GMV growth between 16% to 22%, with stable Adjusted EBITDA margins of 9.0% to 9.5%. These figures reflect Mytheresa's strong positioning in the luxury digital market and its ability to adapt amidst economic challenges.
MYT Netherlands Parent B.V. (NYSE:MYTE), the parent company of Mytheresa, announced the upcoming release of its fourth quarter and full fiscal year 2022 financial results, scheduled for September 15, 2022, prior to the U.S. market opening. A conference call is set for 8:00 AM ET on the same day to discuss the results. Mytheresa is recognized as a leading global luxury fashion e-commerce platform, offering a curated selection from over 200 luxury brands and reporting €612.1 million in net sales, a growth of 36.2% compared to fiscal year 2020.
MYT Netherlands Parent B.V. (MYTE) reported Q3 FY22 results, showing Gross Merchandise Value (GMV) growth of 13.2% to €186.6 million, up from €164.8 million in Q3 FY21. The company achieved a 14.4% increase in Gross Profit to €82.8 million and stable profitability with adjusted EBITDA of €10.2 million. Despite external challenges, the luxury sector remains resilient, with a notable 21.6% growth in active customers year-over-year. The company anticipates achieving its full-year guidance at the low end, with GMV expectations between €755 million and €775 million.
MYT Netherlands Parent B.V (NYSE:MYTE), known as Mytheresa, has announced key participation in upcoming investment conferences. CEO Michael Kliger and CFO Martin Beer will engage in a virtual Fireside Chat at the Needham 17th Annual Technology & Media Conference on May 16, 2022, at 8:45 AM ET. Additionally, Martin Beer will attend the Cowen Future of the Consumer Conference in New York on May 24-25, 2022, with a Fireside Chat scheduled for May 24 at 10:00 AM ET. Investors can access live webcasts on Mytheresa’s investor relations website.
Mytheresa (MYTE) announced the upcoming release of its third quarter fiscal year 2022 financial results, set for May 10, 2022, before the U.S. market opens. The company will host a conference call at 8:00 AM Eastern Time the same day to discuss the results. Mytheresa is recognized as a leading global luxury fashion e-commerce platform, reporting net sales of €612.1 million, reflecting a 36.2% increase compared to the previous fiscal year.
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