Myt Netherlands Parent B V Stock Price, News & Analysis

MYT Netherlands Parent B.V. (MYTE) reported a 36.1% increase in net sales for Q4 FY21, reaching €162.4 million. Annual net sales grew by 36.2% to €612.1 million. Two-year growth shows remarkable resilience with 60.5% growth in Q4 FY21 compared to Q4 FY19. Adjusted EBITDA rose 55.2% to €54.9 million in FY21, with an adjusted EBITDA margin increasing to 9.0%. For FY22, the company anticipates GMV between €750-770 million and net sales from €680-700 million, showcasing sustained growth in the luxury market.

Mytheresa (NYSE:MYTE) has announced the release date for its fourth quarter and full fiscal year 2021 financial results, set for September 14, 2021, before the U.S. market opens. The company will host a conference call at 8:00am ET the same day to discuss the results. Investors can join the call via the Investor Relations website or by telephone. Mytheresa is a leading global luxury fashion e-commerce platform, offering products from over 200 high-end brands and shipping to more than 130 countries.

Mytheresa (NYSE: MYTE) reported strong financial results for Q3 FY 2021, with net sales rising 47.5% year-over-year to €164.8 million, reflecting a continued shift toward digital shopping. The company achieved a 66% two-year growth rate and significant improvements in adjusted EBITDA, reaching €11.1 million compared to €3.1 million in the prior year. Notably, the U.S. market saw a 76% growth in net sales. The company is raising its full fiscal year guidance, anticipating net sales between €600 million and €605 million, driven by increased customer acquisitions and strategic brand partnerships.

MYT Netherlands Parent B.V. (NYSE:MYTE), parent company of Mytheresa, has announced the release date for its third quarter fiscal year 2021 financial results. The earnings report is scheduled for May 18, 2021, before market open, followed by a conference call at 8:00 AM Eastern Time to discuss the results. Additionally, CEO Michael Kliger and CFO Dr. Martin Beer will participate in the Cowen New Retail Ecosystem CEO Summit on May 26, 2021, offering opportunities for one-on-one investor meetings.

MYT Netherlands Parent B.V. (NYSE:MYTE), parent of Mytheresa, reported impressive financial results for the fiscal second quarter ended December 31, 2020. Key highlights include a 32.9% increase in net sales to €158.6 million and active customer growth of 28.2% to 569,000. The company's gross margin rose to 49.5%, and adjusted EBITDA reached €22.1 million, compared to €12.9 million year-over-year. Successful IPO in January 2021 generated roughly $344.2 million in proceeds.

MYT Netherlands Parent B.V. (NYSE:MYTE), operator of Mytheresa, announced its second quarter fiscal year 2021 financial results release date. The results will be available before U.S. markets open on February 25, 2021, followed by a conference call at 8:00 AM ET. Investors can participate via webcast or phone. Additionally, executives will attend notable investor conferences on March 24, March 30, and April 6, 2021. Mytheresa, established in 2006, is a premier luxury fashion e-commerce retailer, providing an exclusive selection of high-end brands.

Mytheresa announced the closing of its initial public offering (IPO) of 17,994,117 American Depositary Shares (ADSs) at a public offering price of $26.00 per ADS. The offering includes the full exercise of underwriters' options to purchase an additional 2,347,058 ADSs. Mytheresa sold 14,233,823 ADSs, while its sole shareholder sold 3,760,294 ADSs. Major underwriters include Morgan Stanley and J.P. Morgan, among others. The offering registration has been approved by the Securities and Exchange Commission.

On January 20, 2021, Mytheresa announced the pricing of its initial public offering (IPO) of 15,647,059 American Depositary Shares (ADSs) at $26.00 each. The company is selling 13,647,059 ADSs, while a sole shareholder is offering 2,000,000 ADSs. An additional 2,347,058 ADSs may be purchased by underwriters within 30 days. Trading is set to begin on the New York Stock Exchange under the symbol 'MYTE' on January 21, 2021, and is expected to close on January 25, 2021, pending customary conditions. Morgan Stanley and J.P. Morgan are the lead managers for this offering.