Strong US momentum and a growing pool of top-spending customers drove sales and profit at Mytheresa in the fourth quarter despite “a very tough market,” said chief executive Michael Kliger.
The luxury e-tailer’s North America business grew 40.8 percent in the three months ending June 30, following a ramp-up in marketing investment in the region with special events for clients.
Mytheresa said the value of goods sold (GMV) on its platform rose 14.5 percent to €855.8 million ($912.3 million) for the full year ending June 30, while revenue rose 11.4 percent to €768.6 million. Adjusted EBITDA was up 40.3 percent to €41.1 million.
Shares were up 16 percent in early trading.
Read the full story. #linkinbio
✍️@tamisonoconnor
📷@mytheresa.com
The luxury e-tailer’s North America business grew 40.8 percent in the three months ending June 30, following a ramp-up in marketing investment in the region with special events for clients.
Mytheresa said the value of goods sold (GMV) on its platform rose 14.5 percent to €855.8 million ($912.3 million) for the full year ending June 30, while revenue rose 11.4 percent to €768.6 million. Adjusted EBITDA was up 40.3 percent to €41.1 million.
Shares were up 16 percent in early trading.
Read the full story. #linkinbio
✍️@tamisonoconnor
📷@mytheresa.com
