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LuxExperience (NYSE:LUXE) reported strong Q3 FY25 financial results for its legacy Mytheresa business. The company achieved net sales growth of 3.8% year-over-year to €242.5 million and maintained a solid adjusted EBITDA margin of 3.9%. Key highlights include an outstanding Average Order Value increase of 8.8% to €753 and improved gross profit margin of 44.8%, up 140 basis points.
The company recently completed its acquisition of YOOX NET-A-PORTER from Richemont, receiving €555m in net cash and issuing shares representing 33% of LuxExperience to Richemont. Due to uncertainties around tariffs, the company now expects GMV and Net Sales growth at the lower end of its 7-13% guidance for FY25. For the medium term, the combined business targets approximately €4bn in annual net sales with a 7-9% adjusted EBITDA margin.
