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LuxExperience B.V. (LUXE) investor relations material
LuxExperience B.V. Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary19 Nov, 2025
Executive summary
Q1 FY26 saw Mytheresa deliver strong double-digit growth and profitability, while NET-A-PORTER and MR PORTER showed early signs of turnaround after years of decline, and YOOX focused on profitability amid expected sales drops.
The group is executing a transformation plan with new leadership, cost reductions, and tech migrations, supported by a fully funded turnaround and significant liquidity headroom.
Strategic divestment of THE OUTNET assets to OGroup LLC for $30 million to streamline operations and focus on core luxury and off-price segments, with closing expected in Q1 CY2026.
Acquisition of YNAP completed in April 2025, with integration and segment realignment underway.
Financial highlights
Group Q1 FY26 GMV: €589.0 million; net sales: €557.2 million, both down 4.3% and 4.2% year-over-year, respectively (excluding outlet).
Gross profit margin improved by 190bps to 44.1% year-over-year.
Adjusted EBITDA at group level: -€28.1 million, margin of -5.0%.
SG&A expenses decreased by 8.2% year-over-year, with €15 million in cost reductions.
Group ended Q1 with €461.1 million cash and €200 million revolving credit facility, with €42.2 million utilized.
Outlook and guidance
FY26 GMV expected at €2.4–2.7 billion; adjusted EBITDA margin between -2% and +1%.
Mytheresa to grow mid to high single digits for the full year; NET-A-PORTER and MR PORTER to return to growth in H2 but decline low-single digits for FY.
YOOX revenue base to adjust downwards, but at a slower rate in H2; group targets medium-term adjusted EBITDA margin of 7–9% and 10–15% annual growth.
Operating cash burn for FY26 expected well below €200 million; break-even on operating cash in 2–2.5 years.
THE OUTNET sale: How does it accelerate NAP/MRP?
Reconcile NAP/MRP turnaround with declining sales.
What drives FY26 EBITDA margin improvement from Q1?
NAP/MRP SG&A: key drivers to reduce 1000bps gap
Mytheresa US tariff impact: how was it offset
YOOX: timeline to adjusted EBITDA profitability
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Next LuxExperience B.V. earnings date
Q2 202613 Feb, 2026
Next LuxExperience B.V. earnings date
Q2 202613 Feb, 2026
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Frequently asked questions
LuxExperience B.V. (formerly MYT Netherlands Parent B.V.,) operating under the brand Mytheresa, is an online luxury fashion retailer offering clothing, shoes, bags, and accessories from high-end designer brands. The company targets a global customer base with curated selections and personalized services. MYT Netherlands Parent B.V. primarily serves the e-commerce and luxury fashion sectors. The company is headquartered in Munich, Germany, and its shares are listed on the NYSE.
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