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LuxExperience B.V. (LUXE) investor relations material
LuxExperience B.V. Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Completed acquisition of Jux/YNAP in April 2025, forming a leading global digital multi-brand luxury group with new segment reporting and operating model.
Rapid transformation and reorganization initiated post-acquisition, including cost reductions, technology migration, workforce adjustments, and leadership changes to drive efficiencies and profitability.
Mytheresa delivered strong growth and profitability, outperforming peers and confirming the resilience of its business model.
Net-a-Porter & Mr Porter and Off-price segments experienced sales declines but have new leadership and transformation plans underway.
US market expansion contributed 9.7% net sales growth, now representing 20.6% of Mytheresa's total business.
Financial highlights
Mytheresa Q4 FY25 net sales up 11.5% YoY to €248.9M; FY net sales up 8.9% to €916.1M; Q4 GMV €265.9M (+11.1%).
Mytheresa gross profit margin up 90 bps in Q4 to 48.3%; FY up 130 bps to 47%.
Mytheresa adjusted EBITDA margin expanded 180 bps in Q4 to 6.5%; FY at 4.9% (€44.6M).
Group Q4 FY25 GMV €692.4M, net sales €663.3M, adjusted EBITDA -€15.3M; FY25 adjusted EBITDA -€58.7M.
Group ended FY25 with €603.6M cash and €784M total liquidity.
Outlook and guidance
FY26 is a transition year; group GMV expected at €2.5–2.9B, with adjusted EBITDA margin between -4% and +1%.
Medium-term targets: €4B net sales, 7–9% adjusted EBITDA margin, and 10–15% annual growth.
Mytheresa expected to continue growth; Net-a-Porter & Mr Porter and Off-price to stabilize post-restructuring.
Positive operating cash flow for the group expected in 2–2.5 years.
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