LuxExperience Q4 Profit
LuxExperience Reports Third Consecutive Profitable Quarter With Rising Sales and Improved Margins
Anonymous
Key Points
1
Mytheresa’s Q4 net sales rose 10.2% on a constant-currency basis to €269.2 million, led by a 39.3% constant-currency increase in the U.S. Its full-year gross margin expanded to 48.5%, while adjusted EBITDA increased 39.8% to €62.3 million.
2
NET-A-PORTER and MR PORTER reduced their acquisition-adjusted SG&A costs by €29.8 million, or 11%, for the full year, with the segment’s Q4 adjusted SG&A cost ratio improving by 500 basis points year over year.
3
LuxExperience’s adjusted net income turned positive in Q4 at €7.8 million, compared with a €2.4 million loss a year earlier; Chief Executive Michael Kliger said, “the turnaround is in full gear” and that the company had “fully achieved guidance.”
4
Operating cash flow for FY26 was negative €108.4 million, although this was better than the company’s expected negative €120 million, highlighting that the turnaround remained cash-consuming despite the return to profitability.
5
YOOX’s Q4 sales growth was particularly strong in Europe excluding the U.K., where reported revenue increased 22.7%, helping drive the segment’s return to positive top-line growth.
LuxExperience, the parent company of luxury fashion retailers Mytheresa and NET-A-PORTER, returned to profitability in its fiscal fourth quarter, with net sales rising 7.6% to €653.6 million on a constant-currency basis Yahoo Finance. Adjusted EBITDA reached €13.6 million, marking the company's third consecutive profitable quarter after a difficult turnaround that began just 15 months earlier.
For the full year, sales climbed 3.2% to €2.47 billion while adjusted EBITDA improved by roughly €64 million to €10.8 million Fashionista. Chief Executive Michael Kliger said "the turnaround is in full gear" and that the company had "fully achieved guidance," though operating cash flow remained negative at €108.4 million.
Mytheresa Powers Growth With Surging U.S. Sales
Mytheresa led the group's performance with double-digit growth across multiple metrics. Q4 net sales rose 10.2% on a constant-currency basis to €269.2 million, driven by a 39.3% surge in the U.S. market Yahoo Finance. The division's gross margin expanded to 48.5% for the full year, while adjusted EBITDA jumped 39.8% to €62.3 million, showcasing strong pricing power and cost discipline.
NET-A-PORTER and MR PORTER Cut Costs and Return to Growth
NET-A-PORTER and MR PORTER made substantial progress on their cost reduction initiatives Fashionista. The segment reduced acquisition-adjusted SG&A costs by €29.8 million, or 11%, for the full year. Q4 adjusted SG&A cost ratio improved by 500 basis points year over year, demonstrating significant operational leverage as the segment returned to quarterly sales growth.
YOOX Marks First Growth Since Acquisition
YOOX posted its first sales growth since LuxExperience's acquisition, with particularly strong momentum in Europe excluding the U.K. Yahoo Finance. Reported revenue in that region increased 22.7% in Q4, helping drive the segment's return to positive top-line growth. The division also substantially reduced losses, contributing to the group's overall profitability improvement.
Solid Balance Sheet Underpins Mid-Single-Digit Growth Outlook
LuxExperience ended the year with a strong balance sheet, holding €442.7 million in cash and investments with no bank debt Yahoo Finance. Management expects FY27 sales growth in the mid- to high-single digits and an adjusted EBITDA margin of 2% to 3%. However, analysts flagged continued cash burn and weak market momentum as ongoing risks to the turnaround trajectory.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
19
Articles
40
Reach
59
A
AnonymousAuthor
