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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.