- Excellent Financial Performance resulting in a record
€855.8 million GMV in FY23 and continued strong profitability in a
very difficult market environment
- US Market Outperformance with extraordinary GMV growth
of 40.8% far above slowing market trend in Q4 FY23
- Strong Customer Growth with +10% active customers in the
last twelve months and over 126,000 first-time buyers in Q4
FY23
- Exceptional Top Customers Growth with +30.1% in terms of
GMV by top customers in FY23
- Experiential Innovation with the first ever physical
pop-up store in East Hampton, USA, welcoming 3,200 highly selected
guests over five weeks
- Extensive Operational Scaling with the upcoming start of
operations in our new state-of-the-art distribution center at
Leipzig airport
MYT Netherlands Parent B.V. (NYSE: MYTE) (“Mytheresa” or the
“Company”), the parent company of Mytheresa Group GmbH, today
announced financial results for its fourth quarter and full fiscal
year 2023 ended June 30, 2023. The luxury multi-brand digital
platform reported excellent financial performance both for the
fourth quarter and the full fiscal year, delivering double-digit
growth and continued strong profitability amidst very difficult
market conditions.
Mytheresa fourth quarter highlights include double-digit GMV
growth globally, exceptional GMV growth in the US in contrast to
slowing market trend, excellent Top Customer GMV growth, successful
transition to completely new tech platform and continued strong
profitability.
Michael Kliger, Chief Executive Officer of Mytheresa,
said, “We are extremely pleased with our excellent full fiscal year
2023 results. Double-digit growth across all geographies as well as
continued profitability sets us apart especially in the current
very difficult market environment.”
Kliger continued, “The driver for our excellent results is our
continued focus on the big spending, wardrobe building top
customers and not the aspirational, occasional luxury shoppers. Our
business with Top Customers grew by +30% in terms of GMV in fiscal
year 2023. The share of Top Customers in our business in terms of
GMV has increased to now 39%.”
FINANCIAL HIGHLIGHTS FOR THE FOURTH QUARTER ENDED JUNE 30,
2023
- GMV growth of 13.0% to €222.2 million in Q4 FY23 as compared
to €196.7 million in the prior year period
- Net sales increase of 16.5% year-over-year to €203.8
million
- Gross Profit margin of 49.0%
- Consistent profitability with Adjusted EBITDA of €7.4
million in Q4 FY23, representing an Adjusted EBITDA margin of
3.6%
- Positive Adjusted operating income of €4.2 million and
Adjusted net income of €0.8 million
FINANCIAL HIGHLIGHTS FOR THE TWELVE MONTHS ENDED JUNE 30,
2023
- GMV growth of 14.5% to €855.8 million, compared to €747.3
million in fiscal year 2022
- Net sales increase to €768.6 million, a 11.4% growth from
€689.8 in fiscal year 2022
- Gross Profit margin of 49.8% compared to 51.5% in the prior
year
- Adjusted EBITDA of €41.1 million with an adjusted EBITDA
margin of 5.3%
- Consistent profitability levels also on Adjusted operating
income margin level and Adjusted net income margin level of 3.8%
and 2.6% respectively
Q4 FY23 KEY BUSINESS HIGHLIGHTS
- ‘Money can’t buy’ experiences for top customers across
the world, such as a unique three-day experience in Portofino in
partnership with Dolce&Gabbana to celebrate the launch of the
84 piece exclusive capsule collection only available at Mytheresa,
including a private cocktail reception by Domenico Dolce and
Stefano Gabbana at their home in Portofino
- Launch of exclusive capsule collections and pre-launches in
collaboration with Valentino, Givenchy, Dolce&Gabbana, Bottega
Veneta, Loewe, Zimmermann, Gucci, Etro and many more
- First ever physical Mytheresa Pop-Up Store in East Hampton in
the United States attracting 3,200 selected guests over five weeks
and creating brand awareness in the US
- Launch of certified pre-owned watches from over 25 luxury
brands in collaboration with world’s largest luxury watches and
jewelry retailer Bucherer with a €86,000 watch being so far the
most expensive item sold on Mytheresa
- Record Average Order Value increasing to €654 in full FY23
- Strong customer growth of +9.6% and even stronger growth of
number of top customers with +24.2% in Q4 FY23 vs. Q4 FY22
- Upcoming start of operations in new state-of-the-art
distribution center at Leipzig airport with dramatically improved
customer service
For the full fiscal year ending June 30, 2024, we expect:
- GMV and Net Sales growth in the range of 8% to 13%
- Gross Profit growth in the range of 8% to 13%
- Adjusted EBITDA margin in the range of 3% and 5%
We expect a much stronger H2 vs. H1 in FY24 as the market
environment improves and the full leverage of major infrastructure
investments boost the business.
The foregoing forward-looking statements reflect Mytheresa’s
expectations as of today's date. Given the number of risk factors,
uncertainties and assumptions discussed below, actual results may
differ materially. Mytheresa does not intend to update its
forward-looking statements until its next quarterly results
announcement, other than in publicly available statements.
CONFERENCE CALL AND WEBCAST INFORMATION
Mytheresa will host a conference call to discuss its fourth
quarter and full fiscal year 2023 financial results on September
14, 2023 at 8:00am Eastern Time. Those wishing to participate via
webcast should access the call through Mytheresa’s Investor
Relations website at https://investors.mytheresa.com. Those wishing
to participate via the telephone may dial in at +1 (888) 550-5658
(USA). The participant access code will be 4922601. The conference
call replay will be available via webcast through Mytheresa’s
Investor Relations website. The telephone replay will be available
from 11:00am Eastern Time on September 14, 2023, through September
21, 2023, by dialing +1 (800) 770-2030 (USA). The replay passcode
will be 4922601. For specific international dial-ins please see
here.
FORWARD LOOKING STATEMENTS
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements relating to the impact of the
COVID-19 global pandemic; the impact of restrictions on use of
identifiers for advertisers (IDFA); future sales, expenses, and
profitability; future development and expected growth of our
business and industry; our ability to execute our business model
and our business strategy; having available sufficient cash and
borrowing capacity to meet working capital, debt service and
capital expenditure requirements for the next twelve months; and
projected capital spending. In some cases, you can identify
forward-looking statements by the following words: “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intend,”
“may,” “ongoing,” “plan,” “potential,” “predict,” “project,”
“should,” “will,” “would” or the negative of these terms or other
comparable terminology, although not all forward-looking statements
contain these words. These statements are only predictions. Actual
events or results may differ materially from those stated or
implied by these forward-looking statements. In evaluating these
statements and our prospects, you should carefully consider the
factors set forth below.
We undertake no obligation to update any forward-looking
statements made in this press release to reflect events or
circumstances after the date of this press release or to reflect
new information or the occurrence of unanticipated events, except
as required by law.
The achievement or success of the matters covered by such
forward-looking statements involves known and unknown risks,
uncertainties and assumptions. If any such risks or uncertainties
materialize or if any of the assumptions prove incorrect, our
results could differ materially from the results expressed or
implied by the forward-looking statements we make.
You should not rely upon forward-looking statements as
predictions of future events. Forward-looking statements represent
our management’s beliefs and assumptions only as of the date such
statements are made.
Further information on these and other factors that could affect
our financial results is included in filings we make with the U.S.
Securities and Exchange Commission (“SEC”) from time to time,
including the section titled “Risk Factors” included in the form
20-F filed on September 14, 2022 under Rule 424(b)(4) of the
Securities Act. These documents are available on the SEC’s website
at www.sec.gov and on the SEC Filings section of the Investor
Relations section of our website at:
https://investors.mytheresa.com.
ABOUT NON-IFRS FINANCIAL MEASURES AND OPERATING
METRICS
Our non-IFRS financial measures include:
- Adjusted EBITDA is a non-IFRS financial measure that we
calculate as net income before finance expense (net), taxes, and
depreciation and amortization, adjusted to exclude Other
transaction-related, certain legal and other expenses and
Share-based compensation expense. Adjusted EBITDA Margin is a
non-IFRS financial measure which is calculated in relation to net
sales.
- Adjusted Operating Income is a non-IFRS financial
measure that we calculate as operating income, adjusted to exclude
Other transaction-related, certain legal and other expenses and
Share-based compensation expense. Adjusted Operating Income Margin
is a non-IFRS financial measure which is calculated in relation to
net sales.
- Adjusted Net Income is a non-IFRS financial measure that
we calculate as net income, adjusted to exclude Other
transaction-related, certain legal and other expenses and
Share-based compensation expense. Adjusted Net Income Margin is a
non-IFRS financial measure which is calculated in relation to net
sales.
We are not able to forecast net income (loss) on a
forward-looking basis without unreasonable efforts due to the high
variability and difficulty in predicting certain items that affect
net income (loss), including, but not limited to, Income taxes and
Interest expense and, as a result, are unable to provide a
reconciliation to forecasted Adjusted EBITDA.
Gross Merchandise Value (GMV) is an operative measure and means
the total Euro value of orders processed. GMV is inclusive of
merchandise value, shipping and duty. It is net of returns, value
added taxes and cancellations. GMV does not represent revenue
earned by us. We use GMV as an indicator for the usage of our
platform that is not influenced by the mix of direct sales and
commission sales. The indicators we use to monitor usage of our
platform include, among others, active customers, total orders
shipped and GMV.
ABOUT MYTHERESA
Mytheresa is one of the leading global luxury e-commerce
platforms shipping to over 130 countries. Founded as a boutique in
1987, Mytheresa launched online in 2006 and offers ready-to-wear,
shoes, bags and accessories for womenswear, menswear and kidswear.
In 2022, Mytheresa expanded its luxury offering to home décor and
lifestyle products with the launch of the category “LIFE”. The
highly curated edit of over 200 brands focuses on true luxury
brands such as Bottega Veneta, Burberry, Dolce&Gabbana, Gucci,
Loewe, Loro Piana, Moncler, Prada, Saint Laurent, Valentino, and
many more. Mytheresa’s unique digital experience is based on a
sharp focus on high-end luxury shoppers, exclusive product and
content offerings, leading technology and analytical platforms as
well as high quality service operations. The NYSE listed company
reported €747.3 million GMV in fiscal year 2022 (+21.3% vs.
FY21).
For more information and updated Mytheresa campaign imagery,
please visit https://investors.mytheresa.com.
MYT Netherlands Parent
B.V.
Financial Results and Key
Operating Metrics
(Amounts in €
millions)
Three Months Ended
Twelve months Ended
June 30, 2022
June 30, 2023
Change in % / BPs
June 30, 2022
June 30, 2023
Change in % / BPs
(in millions)
Gross Merchandise Value (GMV)
(1)
€ 196.7
€ 222.2
13.0%
€ 747.3
€ 855.8
14.5%
Active customer (LTM in
thousands) (2)
781
856
9.6%
781
856
9.6%
Total orders shipped (LTM in
thousands) (2)
1,765
2,012
14.0%
1,765
2,012
14.0%
Average order value (LTM) (2)
626
654
4.5%
626
654
4.5%
Net sales
€ 174.8
€ 203.8
16.5%
€ 689.8
€ 768.6
11.4%
Gross profit
€ 94.8
€ 99.9
5.4%
€ 355.0
€ 382.6
7.8%
Gross profit margin
54.2%
49.0%
(520 BPs)
51.5%
49.8%
(170 BPs)
Operating Income (loss)
€ 1.3
€ (2.3)
(281.2%)
€ 4.8
€ (6.1)
(225.4%)
Operating Income (loss)
margin
0.7%
(1.1%)
(180 BPs)
0.7%
(0.8%)
(150 BPs)
Net loss
€ 1.6
€ (5.7)
(447.0%)
€ (7.9)
€ (15.1)
91.4%
Net loss margin
0.9%
(2.8%)
(380 BPs)
(1.1%)
(2.0%)
(90 BPs)
Adjusted EBITDA(3)
€ 14.4
€ 7.4
(48.7%)
€ 68.7
€ 41.1
(40.3%)
Adjusted EBITDA margin(3)
8.2%
3.6%
(460 BPs)
10.0%
5.3%
(470 BPs)
Adjusted Operating Income(3)
€ 12.0
€ 4.2
(65.0%)
€ 59.6
€ 29.4
(50.7%)
Adjusted Operating Income
margin(3)
6.9%
2.1%
(480 BPs)
8.6%
3.8%
(480 BPs)
Adjusted Net Income(3)
€ 12.4
€ 0.8
(93.8%)
€ 46.9
€ 20.3
(56.0%)
Adjusted Net Income margin(3)
7.1%
0.4%
(670 BPs)
6.8%
2.6%
(420 BPs)
(1)
Gross Merchandise Value (“GMV”) is an
operative measure and means the total Euro value of orders
processed, either as principal or as agent. GMV is inclusive of
product value, shipping and duty. It is net of returns, value added
taxes, applicable sales taxes and cancellations. GMV does not
represent revenue earned by us.
(2)
Active customers, total orders shipped and
average order value are calculated based on the GMV of orders
shipped from our sites during the last twelve months (LTM) ended on
the last day of the period presented.
(3)
Adjusted EBITDA, Adjusted Operating Income
and Adjusted Net Income, and their corresponding margins as a
percentage of net sales, are measures that are not defined under
IFRS. We use these financial measures to evaluate the performance
of our business. We present Adjusted EBITDA, Adjusted Operating
Income and Adjusted Net Income, and their corresponding margins,
because they are used by our management and frequently used by
analysts, investors and other interested parties to evaluate
companies in our industry. Further, we believe these measures are
helpful in highlighting trends in our operating results, because
they exclude the impact of items, that are outside the control of
management or not reflective of our ongoing core operations and
performance. Adjusted EBITDA, Adjusted Operating Income and
Adjusted Net Income have limitations, because they exclude certain
types of expenses. Furthermore, other companies in our industry may
calculate similarly titled measures differently than we do,
limiting their usefulness as comparative measures. We use Adjusted
EBITDA, Adjusted Operating Income and Adjusted Net Income, and
their corresponding margins, as supplemental information only. You
are encouraged to evaluate each adjustment and the reasons we
consider it appropriate for supplemental analysis. Adjusted EBITDA,
Adjusted Operating Income and Adjusted Net Income in the current
and prior periods presented have been changed to reflect our
updated methodology in adjusting for share-based compensation.
MYT Netherlands Parent
B.V.
Financial Results and Key
Operating Metrics
(Amounts in €
millions)
The following tables set forth the
reconciliations of net income (loss) to EBITDA and adjusted EBITDA,
operating income (loss) to adjusted operating income and net income
(loss) to adjusted net income and their corresponding margins as a
percentage of net sales:
Three Months Ended
Twelve months Ended
June 30, 2022
June 30, 2023
Change in %
June 30, 2022
June 30, 2023
Change in %
(in millions)
Net loss
€ 1.6
€ (5.7)
(447.0%)
€ (7.9)
€ (15.1)
91.4%
Finance (income) expenses, net
€ 0.3
€ 1.0
223.6%
€ 1.0
€ 2.5
146.4%
Income tax expense
€ (0.7)
€ 2.5
(462.2%)
€ 11.7
€ 6.6
(43.8%)
Depreciation and amortization
€ 2.4
€ 3.2
34.5%
€ 9.1
€ 11.7
28.2%
thereof depreciation of right-of use
assets
€ 1.5
€ 2.4
57.7%
€ 5.7
€ 8.5
50.1%
EBITDA
€ 3.6
€ 0.9
(75.5%)
€ 13.9
€ 5.6
(59.8%)
Other transaction-related, certain legal
and other expenses (3)
€ 1.2
€ 1.8
53.2%
€ 2.5
€ 5.4
118.4%
Share-based compensation(4)
€ 9.6
€ 4.7
(50.9%)
€ 52.3
€ 30.0
(42.6%)
Adjusted EBITDA
€ 14.4
€ 7.4
(48.7%)
€ 68.7
€ 41.1
(40.3%)
Reconciliation to Adjusted EBITDA
Margin
Net Sales
€ 174.8
€ 203.8
16.5%
€ 689.8
€ 768.6
11.4%
Adjusted EBITDA margin
8.2%
3.6%
(460 BPs)
10.0%
5.3%
(470 BPs)
Three Months Ended
Twelve months Ended
June 30, 2022
June 30, 2023
Change in %
June 30, 2022
June 30, 2023
Change in %
(in millions)
Operating Income (loss)
€ 1.3
€ (2.3)
(281.2%)
€ 4.8
€ (6.1)
(225.4%)
Other transaction-related, certain legal
and other expenses (1)
€ 1.2
€ 1.8
53.2%
€ 2.5
€ 5.4
118.4%
Share-based compensation(2)
€ 9.6
€ 4.7
(50.9%)
€ 52.3
€ 30.0
(42.6%)
Adjusted Operating Income
€ 12.0
€ 4.2
(65.0%)
€ 59.6
€ 29.4
(50.7%)
Reconciliation to Adjusted Operating
Income Margin
Net Sales
€ 174.8
€ 203.8
16.5%
€ 689.8
€ 768.6
11.4%
Adjusted Operating Income margin
6.9%
2.1%
(480 BPs)
8.6%
3.8%
(480 BPs)
Three Months Ended
Twelve months Ended
June 30, 2022
June 30, 2023
Change in %
June 30, 2022
June 30, 2023
Change in %
(in millions)
Net loss
€ 1.6
€ (5.7)
(447.0%)
€ (7.9)
€ (15.1)
91.4%
Other transaction-related, certain legal
and other expenses (1)
€ 1.2
€ 1.8
53.2%
€ 2.5
€ 5.4
118.4%
Share-based compensation(2)
€ 9.6
€ 4.7
(50.9%)
€ 52.3
€ 30.0
(42.6%)
Adjusted Net Income
€ 12.4
€ 0.8
(93.8%)
€ 46.9
€ 20.3
(56.6%)
Reconciliation to Adjusted Net Income
Margin
Net Sales
€ 174.8
€ 203.8
16.5%
€ 689.8
€ 768.6
11.4%
Adjusted Net Income margin
7.1%
0.4%
(670 BPs)
6.8%
2.6%
(420 BPs)
(1)
Other transaction-related, certain legal
and other expenses represent (i) professional fees, including
advisory and accounting fees, related to potential transactions,
(ii) certain legal and other expenses incurred outside the ordinary
course of our business and (iii) other non-recurring expenses
incurred in connection with the costs of establishing our new
central warehouse in Leipzig, Germany.
(2)
Certain members of management and
supervisory board members have been granted share-based
compensation for which the share-based compensation expense will be
recognized upon defined vesting schedules in the future periods.
Our methodology to adjust for share-based compensation and
subsequently calculate Adjusted EBITDA, Adjusted Operating Income
and Adjusted Net Income includes both share-based compensation
expenses connected to the IPO and share-based compensation expenses
recognized in connection with grants under the Long-Term Incentive
Plan (LTI) for the Mytheresa Group key management members and
share-based compensation expenses due to Supervisory Board Members
Plans. We do not consider share-based compensation expenses to be
indicative of our core operating performance. For further
information about how we calculate these measures and limitations
of its use including a reconciliation of amounts under our former
methodology to our current methodology, see page 68 of our annual
report.
MYT Netherlands Parent
B.V.
Consolidated Statements of
Profit or Loss and Comprehensive Income
(Amounts in € thousands,
except share and per share data)
Three Months Ended
Twelve months Ended
(in € thousands)
June 30, 2022
June 30, 2023
June 30, 2022
June 30, 2023
Net sales
174,836
203,756
689,750
768,621
Cost of sales, exclusive of depreciation
and amortization
(80,042)
(103,870)
(334,758)
(386,027)
Gross profit
94,794
99,886
354,992
382,594
Shipping and payment cost
(27,075)
(30,975)
(97,697)
(114,785)
Marketing expenses
(26,558)
(32,116)
(96,093)
(112,001)
Selling, general and administrative
expenses
(36,820)
(34,769)
(148,172)
(147,691)
Depreciation and amortization
(2,360)
(3,173)
(9,088)
(11,653)
Other income (loss), net
(721)
(1,137)
892
(2,527)
Operating income (loss)
1,261
(2,284)
4,834
(6,063)
Finance income
0
13
0
358
Finance costs
(296)
(972)
(998)
(2,818)
Finance income (costs), net
(296)
(959)
(998)
(2,460)
Income before income taxes
965
(3,243)
3,836
(8,523)
Income tax expense
683
(2,475)
(11,734)
(6,597)
Net loss
1,648
(5,718)
(7,898)
(15,120)
Foreign currency translation
(35)
(35)
(74)
(19)
Other comprehensive loss
1,207
(793)
(74)
(19)
Comprehensive loss
2,855
(6,511)
(7,972)
(15,139)
Basic and diluted earnings per share
€
0.02
€
(0.07)
€
(0.09)
€
(0.17)
Weighted average ordinary shares
outstanding (basic and diluted) – in millions (1)
86.3
86.6
86.3
86.6
(1)
In accordance with IAS 33, includes
contingently issuable shares that are fully vested and can be
converted at any time for no consideration. For further details,
refer to note 27 in our annual report.
MYT Netherlands Parent
B.V.
Consolidated Statements of
Financial Position
(Amounts in €
thousands)
(in € thousands)
June 30, 2022
June 30, 2023
Assets
Non-current assets
Intangible assets and goodwill
155,223
155,283
Property and equipment
17,691
37,227
Right-of-use assets
21,677
54,797
Deferred tax assets
6,090
59
Other non-current assets
294
6,573
Total non-current assets
200,975
253,939
Current assets
Inventories
230,144
360,262
Trade and other receivables
8,276
7,521
Other assets
61,874
42,113
Cash and cash equivalents
113,507
30,136
Total current assets
413,801
440,031
Total assets
614,776
693,971
Shareholders’ equity and
liabilities
Subscribed capital
1
1
Capital reserve
498,872
529,775
Accumulated Deficit
(68,734)
(83,855)
Accumulated other comprehensive income
1,528
1,509
Total shareholders’ equity
431,667
447,430
Non-current liabilities
Provisions
758
2,646
Lease liabilities
16,817
49,518
Deferred income tax liabilities
3,661
726
Total non-current liabilities
21,237
52,889
Current liabilities
Tax liabilities
25,892
24,073
Lease liabilities
5,189
8,155
Contract liabilities
10,746
11,414
Trade and other payables
45,156
71,085
Other liabilities
74,889
78,924
Total current liabilities
161,872
193,652
Total liabilities
183,109
246,541
Total shareholders’ equity and
liabilities
614,776
693,971
MYT Netherlands Parent
B.V.
Consolidated Statements of
Changes in Equity
(Amounts in €
thousands)
(in € thousands)
Subscribed capital
Capital reserve
Accumulated deficit
Foreign currency translation
reserve
Total shareholders’
equity
Balance as of July 1, 2020
1
91,008
(28,234)
1,602
64,377
Net loss
-
-
(32,604)
-
(32,604)
Other comprehensive income
-
-
-
-
-
Comprehensive loss
-
-
(32,604)
-
(32,604)
Capital increase - initial public
offering
-
283,224
-
-
283,224
IPO related transaction costs
-
(4,550)
-
-
(4,550)
Share-based compensation
-
75,270
-
-
75,270
Balance as of June 30, 2021
1
444,951
(60,837)
1,602
385,718
Balance as of July 1, 2021
1
444,951
(60,837)
1,602
385,718
Net loss
-
-
(7,898)
-
(7,898)
Other comprehensive loss
-
-
-
(74)
(74)
Comprehensive loss
-
-
(7,898)
(74)
(7,972)
IPO related transaction costs
-
1,249
-
-
1,249
Share options exercised
-
369
-
-
369
Share-based compensation
-
52,303
-
-
52,303
Balance as of June 30, 2022
1
498,872
(68,734)
1,528
431,667
Balance as of July 1, 2022
1
498,872
(68,734)
1,528
431,667
Net loss
-
-
(15,120)
-
(15,120)
Other comprehensive loss
-
-
-
(19)
(19)
Comprehensive loss
-
-
(15,120)
(19)
(14,842)
Share options exercised
-
1,077
-
-
1,077
Share-based compensation
-
29,825
-
-
29,825
Balance as of June 30, 2023
1
529,775
(83,855)
1,509
447,430
MYT Netherlands Parent
B.V.
Consolidated Statements of
Cash Flows
(Amounts in €
thousands)
Twelve months ended June
30,
(in € thousands)
2022
2023
Net loss
(7,898)
(15,120)
Adjustments for
Depreciation and amortization
9,088
11,653
Finance (income) costs, net
998
2,460
Share-based compensation
52,303
29,963
Income tax expense
11,734
6,597
Change in operating assets and
liabilities
(Increase) decrease in inventories
16,910
(130,118)
(Increase) decrease in trade and other
receivables
(3,246)
755
Decrease (increase) in other assets
(47,501)
14,077
(Decrease) increase in other
liabilities
24,665
4,047
Increase (decrease) in contract
liabilities
(229)
669
Increase (decrease) in trade and other
payables
1,598
25,886
Income taxes paid
(3,623)
(5,918)
Net cash provided by (used in)
operating activities
54,799
(55,050)
Expenditure for property and equipment and
intangible assets
(11,923)
(22,760)
Proceeds from sale of property and
equipment
-
2
Net cash (used in) investing
activities
(11,923)
(22,758)
Interest paid
(998)
(2,460)
Proceeds from exercise of option
awards
369
1,077
Lease payments
(5,425)
(4,059)
Net cash (used in) provided by
financing activities
(6,054)
(5,442)
Net increase (decrease) in cash and
cash equivalents
36,822
(83,249)
Cash and cash equivalents at the
beginning of the period
76,760
113,507
Effects of exchange rate changes on
cash and cash equivalents
(74)
(122)
Cash and cash equivalents at end of the
period
113,507
30,135
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230914572496/en/
Investor Relations Contacts Mytheresa.com GmbH Stefanie
Muenz phone: +49 89 127695-1919 email: investors@mytheresa.com
Solebury Strategic Communications Maria Lycouris / Carly Grant
phone: +1 800 929 7167 email: investors@mytheresa.com
Media Contacts for public relations Mytheresa.com GmbH
Sandra Romano mobile: +49 152 54725178 phone: +49 89 127695-236
email: sandra.romano@mytheresa.com
Media Contacts for business press Mytheresa.com GmbH
Alberto Fragoso mobile: +49 152 38297355 phone: +49 89 127695-1358
email: alberto.fragoso@mytheresa.com
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