- Gross Merchandise Value (GMV) growth of 17.8% to €219.8
million in Q3 FY23 as compared to €186.6 million in the prior year
period
- Number of top customer growth of 28.1% in Q3 of FY23 and
increase in GMV per top customer of 6.7%
- Gross Profit margin of 45.6% in Q3 FY23 as compared to 48.8%
in the prior year period due to significant increase in promotional
intensity by competitors
- Continued profitability with adjusted EBITDA of €3.2 million
in Q3 FY23, representing an Adjusted EBITDA margin of 1.6%
- Adjusted EBITDA for the FYTD 23 of €33.6 million,
representing an Adjusted EBITDA margin of 6.0%
- Full FY23 guidance of 13% to 15% GMV growth and 4.5% to 5.5%
Adjusted EBITDA margin
MYT Netherlands Parent B.V. (NYSE: MYTE) (“Mytheresa” or the
“Company”), the parent company of Mytheresa Group GmbH, today
announced financial results for its third quarter of fiscal year
2023 ended March 31, 2023. The luxury multi-brand digital platform
delivered another quarter of growth with continued Adjusted EBITDA
profitability, despite significant macro headwinds.
Michael Kliger, Chief Executive Officer of Mytheresa,
said, “We are very satisfied with the global growth in our business
producing industry-leading 18% top-line expansion. Our margin has
been impacted by strong promotional intensity of many competitors
in Q3 but we deliver profitable growth. We remain very much focused
on our strategy of best customer experience and high full-price
share yielding 36.8% top customer GMV growth in Q3.”
Kliger continued, “Beyond our solid financial performance in Q3,
we are very pleased to announce key strategic initiatives that will
further strengthen our industry leadership. For example, we
recently celebrated the launch of four capsule collections by
Chinese designers as part of our China Designer Program with a
major event in Shanghai. We now offer our customers certified
pre-owned watches by major luxury brands on our platform through
our partnership with Bucherer, the world’s largest retailer of fine
watches and jewelry. Finally, we have successfully completed last
month the transition to a completely new tech platform powering all
our user interfaces and e-commerce processes.”
FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER ENDED MARCH 31,
2023
- GMV growth of 17.8% to €219.8 million in Q3 FY23 as compared
to €186.6 million in the prior year period
- Net sales increase of 17.3% year-over-year to €198.9
million
- Gross Profit margin of 45.6% compared to 48.8% in the prior
year period due to significant increase in promotional intensity by
competitors
- Continued profitability with Adjusted EBITDA of €3.2 million
in Q3 FY23, representing an Adjusted EBITDA margin of 1.6%
- Adjusted EBITDA for the FYTD 23 of €33.6 million,
representing an Adjusted EBITDA margin of 6.0%
- Positive Adjusted operating income of €0.1 million and
Adjusted net income of €1.4 million
RECENT BUSINESS HIGHLIGHTS
Strong Global Expansion:
- Global GMV growth with +17.8% vs. Q3 FY22 and +33.4% vs. Q3
FY21
- Strongest GMV growth again in the United States with +27.4% vs.
Q3 FY22 and increased total GMV share of the US of 17.7%
- Many high-impact top customer and brand activations held in
Europe, the Middle East and the United States, with truly ‘money
can’t buy’ experiences
- Launch of The China Designer Program in Shanghai with four
exclusive capsule collections by Chinese fashion designers
generating significant press coverage for Mytheresa in China
Continued Brand Support:
- Launch of exclusive capsule collections and pre-launches in
collaboration with Bottega Veneta, Loro Piana, Dolce&Gabbana,
Christian Louboutin, Moncler, Givenchy, Jimmy Choo, Versace and
many more
- Launch of certified pre-owned watches from over 25 luxury
brands such as Audemars Piguet, Cartier, IWC Schaffhausen,
Jaeger-LeCoultre and others in collaboration with world’s largest
luxury watches and jewelry retailer Bucherer
- Successful completion of transition of 7 major brands to the
Curated Platform Model (CPM)
High-quality Customer Growth:
- LTM growth of active customers of 11.0% reaching 838,000
customers
- Solid number of first-time buyers in Q3 FY23 with over 124,000
customers
- Strong repurchase rates in Q3 FY23 of customer cohorts acquired
in Q1 FY23 compared to Q1 FY22 cohorts
- Excellent growth of number of top customers with 28.1% in Q3
FY23 vs. Q3 FY22 as well as a strong increase in average GMV per
all customers of 4.3% in Q3 FY23 vs. Q3 FY22
- GMV generated by Top Customers increased by 36.8% during Q3
FY23, accounting for a 36% share of total GMV
Consistent Strong Operational Performance:
- Good customer satisfaction with Net Promoter Score of 72.1% in
Q3 FY23
- Gross Profit Margin with 45.6% in Q3 FY23 below Q3 FY22 by 320
basis points due to aggressive competitor promotions
- Operational indicators in Q3 FY23 underlining resilience and
adaptability of the Mytheresa business model with increased AOV,
decreased CAC and stable operational cost ratios despite macro
headwinds
- Successful global roll out of new Mytheresa technology stack
powering all user interfaces and providing state-of-the-art
e-commerce capabilities
BUSINESS OUTLOOK
For the full fiscal year ending June 30, 2023, we expect:
- GMV in the range of €845 million to 860 million, representing
13% to 15% growth
- Net Sales in the range of €750 million to €765 million,
representing 9% to 11% growth
- Gross Profit in the range of €380 million to 386 million,
representing 7% to 9% growth
- And Adjusted EBITDA in the range of €34 to 43 million and an
Adjusted EBITDA margin between 4.5% and 5.5%
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 third
quarter of fiscal year 2023 financial results on May 10, 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 May 10, 2023, through May 17, 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
Nine months Ended
March 31, 2022
March 31, 2023
Change in % / BPs
March 31, 2022
March 31, 2023
Change in % / BPs
(in millions) (unaudited)
Gross Merchandise Value (GMV) (1)
€186.6
€219.8
17.8%
€550.6
€633.6
15.1%
Active customer (LTM in thousands) (1),
(2)
755
838
11.0%
755
838
11.0%
Total orders shipped (LTM in thousands)
(1), (2)
1,703
1,970
15.7%
1,703
1,970
15.7%
Net sales
€169.5
€198.9
17.3%
€514.9
€564.9
9.7%
Gross profit
€82.8
€90.7
9.6%
€260.2
€282.7
8.7%
Gross profit margin(3)
48.8%
45.6%
(320 BPs)
50.5%
50.0%
(50 BPs)
Operating Income
€(2.0)
€(6.4)
225.0%
€3.6
€(3.8)
(205.7%)
Operating Income margin(3)
(1.2%)
(3.2%)
(200 BPs)
0.7%
(0.7%)
(140 BPs)
Net Income (loss)
€(4.3)
€(5.3)
23.2%
€(9.5)
€(9.6)
0.4%
Net Income (loss) margin(3)
(2.5%)
(2.7%)
(20 BPs)
(1.9%)
(1.7%)
20 BPs
Adjusted EBITDA(4)
€10.8
€3.2
(70.0%)
€54.3
€33.7
(38.0%)
Adjusted EBITDA margin(3)
6.4%
1.6%
(480 BPs)
10.6%
6.0%
(460 BPs)
Adjusted Operating Income(4)
€8.5
€0.1
(98.7%)
€47.6
€25.2
(47.1%)
Adjusted Operating Income margin(3)
5.0%
0.1%
(490 BPs)
9.2%
4.5%
(470 BPs)
Adjusted Net Income(4)
€6.2
€1.4
(77.5%)
€34.5
€19.6
(43.2%)
Adjusted Net Income margin(3)
3.7%
0.7%
(300 BPs)
6.7%
3.5%
(320 BPs)
(1)
Definition of GMV, Active customer and
Total orders shipped can be found on page 28 in our Q3 FY23
quarterly report.
(2)
Active customers and total orders shipped
are calculated based on orders shipped from our sites during the
last twelve months (LTM) ended on the last day of the period
presented.
(3)
As a percentage of net sales.
(4)
EBITDA, adjusted EBITDA, adjusted
Operating Income, adjusted net income are measures not defined
under IFRS. For further information about how we calculate these
measures and limitations of its use, see page 29 of our Q3 FY23
quarterly report.
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
Nine months Ended
March 31, 2022
March 31, 2023
Change in %
March 31, 2022
March 31, 2023
Change in %
(in millions) (unaudited)
Net loss
€ (4.3)
€ (5.1)
18.9%
€ (9.5)
€ (9.4)
(1.5%)
Finance expenses, net
€ 0.3
€ 0.7
125.8%
€ 0.7
€ 1.5
113.9%
Income tax expense (benefit)
€ 2.0
€ (2.0)
(198.3%)
€ 12.4
€ 4.1
(66.8%)
Depreciation and amortization
€ 2.3
€ 3.1
37.1%
€ 6.7
€ 8.5
26.0%
thereof depreciation of
right-of use assets
€ 1.4
€ 2.3
60.4%
€ 4.2
€ 6.1
47.3%
EBITDA
€ 0.3
€ (3.3)
(1,162.5%)
€ 10.3
€ 4.7
(54.4%)
Other transaction-related,
certain legal and other expenses (1)
€ 0.3
€ 0.4
59.0%
€ 1.3
€ 3.7
175.3%
Share-based compensation (2)
€ 10.2
€ 6.1
(40.5%)
€ 42.7
€ 25.3
(40.7%)
Adjusted EBITDA
€ 10.8
€ 3.2
(70.0%)
€ 54.3
€ 33.7
(38.0%)
Reconciliation to Adjusted EBITDA
Margin
Net Sales
€ 169.5
€ 198.9
17.3%
€ 514.9
€ 564.9
9.7%
Adjusted EBITDA margin
6.4%
1.6%
(480 BPs)
10.6%
6.0%
(460 BPs)
Three Months Ended
Nine months Ended
March 31, 2022
March 31, 2023
Change in %
March 31, 2022
March 31, 2023
Change in %
(in millions) (unaudited)
Operating Income (loss)
€ (2.0)
€ (6.4)
225.0%
€ 3.6
€ (3.8)
(207.2%)
Other transaction-related,
certain legal and other expenses (1)
€ 0.3
€ 0.4
59.0%
€ 1.3
€ 3.7
175.3%
Share-based compensation (2)
€ 10.2
€ 6.1
(40.5%)
€ 42.7
€ 25.3
(40.8%)
Adjusted Operating Income
€ 8.5
€ 0.1
(98.7%)
€ 47.6
€ 25.2
(47.1%)
Reconciliation to Adjusted Operating
Income Margin
Net Sales
€ 169.5
€ 198.9
17.3%
€ 514.9
€ 564.9
9.7%
Adjusted Operating Income margin
5.0%
0.1%
(490 BPs)
9.2%
4.5%
(470 BPs)
Three Months Ended
Nine months Ended
March 31, 2022
March 31, 2023
Change in %
March 31, 2022
March 31, 2023
Change in %
(in millions) (unaudited)
Net loss
€ (2.0)
€ (6.4)
225.0%
€ 3.6
€ (3.8)
(207.2%)
Other transaction-related,
certain legal and other expenses (1)
€ 0.3
€ 0.4
59.0%
€ 1.3
€ 3.7
175.3%
Share-based compensation (2)
€ 10.2
€ 6.1
(40.5%)
€ 42.7
€ 25.3
(40.8%)
Adjusted Net Income
€ 8.5
€ 0.1
(98.7%)
€ 47.6
€ 25.2
(47.1%)
Reconciliation to Adjusted Net Income
Margin
Net Sales
€ 169.5
€ 198.9
17.3%
€ 514.9
€ 564.9
9.7%
Adjusted Net Income margin
3.7%
0.7%
(300 BPs)
6.7%
3.5%
(320 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 28 of our Q2 FY23
quarterly report.
MYT Netherlands Parent
B.V.
Unaudited Condensed
Consolidated Statements of Profit and Comprehensive Income
(Amounts in € thousands,
except share and per share data)
Three Months Ended
Nine months Ended
(in € thousands)
March 31, 2022
March 31, 2023
March 31, 2022
March 31, 2023
Net sales
169,512
198,883
514,914
564,866
Cost of sales, exclusive of depreciation
and amortization
(86,747
)
(108,137
)
(254,716
)
(282,157
)
Gross profit
82,765
90,746
260,199
282,708
Shipping and payment cost
(25,146
)
(31,497
)
(70,622
)
(83,810
)
Marketing expenses
(23,280
)
(25,729
)
(69,536
)
(79,885
)
Selling, general and administrative
expenses
(34,214
)
(36,189
)
(111,352
)
(112,922
)
Depreciation and amortization
(2,284
)
(3,132
)
(6,728
)
(8,480
)
Other income (expense) , net
184
(618
)
1,612
(1,390
)
Operating income (loss)
(1,975
)
(6,419
)
3,574
(3,779
)
Finance income
0
98
0
345
Finance costs
(314
)
(807
)
(702
)
(1,846
)
Finance costs, net
(314
)
(709
)
(702
)
(1,501
)
Income (loss) before income
taxes
(2,289
)
(7,128
)
2,872
(5,280
)
Income tax (expense) benefit
(2,028
)
1,994
(12,418
)
(4,122
)
Net loss
(4,317
)
(5,134
)
(9,546
)
(9,402
)
Cash Flow Hedge
448
(650
)
(1,721
)
1,051
Income Taxes related to Cash Flow
Hedge
(125
)
181
479
(293
)
Foreign currency translation
14
(11
)
(39
)
16
Other comprehensive income
(loss)
337
(480
)
(1,281
)
774
Comprehensive loss
(3,979
)
(5,614
)
(10,827
)
(8,628
)
Basic & diluted earnings per share
€
(0.05
)
€
(0.06
)
€
(0.11
)
€
(0.11
)
Weighted average ordinary shares
outstanding (basic & diluted) – in millions (1)
(basic and diluted) – in millions
86.4
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 14 in our quarterly report.
MYT Netherlands Parent
B.V.
Unaudited Condensed
Consolidated Statements of Financial Position
(Amounts in €
thousands)
(in € thousands)
June 30, 2022
March 31, 2023
Assets
Non-current assets
Non-current financial assets
294
7,471
Intangible assets and goodwill
155,223
155,398
Property and equipment
17,691
34,053
Right-of-use assets
21,677
55,860
Deferred tax assets
6,090
6,090
Total non-current assets
200,975
258,872
Current assets
Inventories
230,144
325,870
Trade and other receivables
8,276
6,019
Other assets
61,874
42,963
Cash and cash equivalents
113,507
12,940
Total current assets
413,801
387,792
Total assets
614,776
646,664
Shareholders’ equity and
liabilities
Subscribed capital
1
1
Capital reserve
498,872
525,199
Accumulated Deficit
(68,734
)
(78,136
)
Accumulated other comprehensive income
1,528
2,302
Total shareholders’ equity
431,667
449,366
Non-current liabilities
Provisions
758
2,526
Lease liabilities
16,817
50,755
Deferred tax liabilities
3,661
7,473
Total non-current liabilities
21,237
60,754
Current liabilities
Borrowings
-
4,899
Tax liabilities
25,892
21,729
Lease liabilities
5,189
6,762
Contract liabilities
10,746
7,940
Trade and other payables
45,156
36,534
Other liabilities
74,889
58,679
Total current liabilities
161,872
136,544
Total liabilities
183,109
197,298
Total shareholders’ equity and
liabilities
614,776
646,664
MYT Netherlands Parent
B.V.
Unaudited Condensed
Consolidated Statements of Changes in Equity
(Amounts in €
thousands)
(in € thousands)
Subscribed capital
Capital reserve
Accumulated deficit
Hedging reserve
Foreign currency translation
reserve
Total shareholders’
equity
Balance as of July 1, 2021
1
444,951
(60,837
)
-
1,602
385,718
Net loss
-
-
(9,546
)
-
-
(9,546
)
Other comprehensive loss
-
-
-
(1,242
)
(39
)
(1,281
)
Comprehensive loss
-
-
(9,546
)
(1,242
)
(39
)
(10,827
)
Share options exercised
-
369
-
-
-
369
Share-based compensation
-
42,701
-
-
-
42,701
Balance as of March 31, 2022
1
488,022
(70,383
)
(1,242
)
1,563
417,960
Balance as of July 1, 2022
1
498,872
(68,734
)
-
1,528
431,667
Net loss
-
-
(9,402
)
-
-
(9,402
)
Other comprehensive income
-
-
-
758
16
774
Comprehensive loss
-
-
(9,402
)
758
16
(8,628
)
Share options exercised
-
1,077
-
-
-
1,077
Share-based compensation
-
25,307
-
-
-
25,307
Reclassification due to cash-settlement of
Share-based compensation (1)
-
(57
)
-
-
-
(57
)
Balance as of March 31, 2023
1
525,199
(78,136
)
758
1,544
449,366
(1)
For further details, refer to note 14 in
our quarterly report.
MYT Netherlands Parent
B.V.
Unaudited Condensed
Consolidated Statements of Cash Flows
(Amounts in €
thousands)
Nine months ended March
31,
(in € thousands)
2022
2023
Net loss
(9,546
)
(9,402
)
Adjustments for
Depreciation and amortization
6,728
8,480
Finance costs, net
702
1,501
Share-based compensation
42,701
25,250
Income tax expense
12,418
4,122
Change in operating assets and
liabilities
(Increase) decrease in inventories
20,937
(95,726
)
(Increase) decrease in trade and other
receivables
(902
)
2,257
Decrease (increase) in other assets
(43,949
)
19,991
Decrease in other liabilities
(509
)
(16,023
)
Decrease in contract liabilities
(2,239
)
(2,806
)
Decrease in trade and other payables
(761
)
(8,665
)
Increase in non-current financial
assets
(86
)
(7,207
)
Income taxes paid
(2,620
)
(4,772
)
Net cash from (used in) operating
activities
22,875
(83,000
)
Expenditure for property and equipment and
intangible assets
(1,702
)
(18,897
)
Proceeds from sale of property and
equipment and intangible assets
-
2
Net cash used in investing
activities
(1,702
)
(18,895
)
Interest paid
(702
)
(1,501
)
Proceeds from borrowings
-
4,899
Proceeds from exercise of option
awards
369
1,077
Payment of lease liabilities
(4,034
)
(3,026
)
Net cash used in financing
activities
(4,367
)
1,449
Net increase (decrease) in cash and
cash equivalents
16,806
(100,446
)
Cash and cash equivalents at the
beginning of the period
76,760
113,507
Effects of exchange rate changes on
cash and cash equivalents
(39
)
(120
)
Cash and cash equivalents at end of the
period
93,526
12,940
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230510005147/en/
Investor Relations Contacts Mytheresa.com GmbH Stefanie
Muenz phone: +49 89 127695-1919 email: investors@mytheresa.com
Solebury Strategic Communications Deena Friedman / Maria Lycouris
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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