LuxExperience BV
F:0FV
LuxExperience BV
LuxExperience BV is an operating holding company, which engages in the business of operating a digital platform for the global luxury fashion consumer through its subsidiary, Mytheresa Group GmbH. The company is headquartered in Aschheim, Bayern and currently employs 4,262 full-time employees. The company went IPO on 2021-01-21. The firm is engaged in providing luxury multi-brand digital platform for clothing. The company offers ready-to-wear products such as shoes, bags and accessories for womenswear, menswear, kids wear as well as lifestyle products and jewelry in various luxury brands such as Bottega Veneta, Brunello Cucinelli, Dolce&Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, The Row, Valentino. The firm is mainly focus on high-end luxury shoppers, exclusive product and content offerings, technology and analytical platforms as well as service operations.
LuxExperience BV is an operating holding company, which engages in the business of operating a digital platform for the global luxury fashion consumer through its subsidiary, Mytheresa Group GmbH. The company is headquartered in Aschheim, Bayern and currently employs 4,262 full-time employees. The company went IPO on 2021-01-21. The firm is engaged in providing luxury multi-brand digital platform for clothing. The company offers ready-to-wear products such as shoes, bags and accessories for womenswear, menswear, kids wear as well as lifestyle products and jewelry in various luxury brands such as Bottega Veneta, Brunello Cucinelli, Dolce&Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, The Row, Valentino. The firm is mainly focus on high-end luxury shoppers, exclusive product and content offerings, technology and analytical platforms as well as service operations.
Top-Line Growth: LuxExperience reported Q2 net sales up 1.1% reported and 5.7% constant currency, showing a return to group-level growth just 8 months after acquiring YNAP.
Profitability: Adjusted EBITDA margin reached 2% in Q2, marking the first group-level profit since the YNAP acquisition.
Segment Performance: Mytheresa continued to lead with net sales up 8.8%, while NET-A-PORTER and MR PORTER stabilized with just a 1% sales decline and YOOX’s sales decline moderated to 7.5%.
Guidance Raised: Full-year sales guidance narrowed to EUR 2.5–2.7B (from EUR 2.4–2.7B) and adjusted EBITDA guidance improved to -1% to +1%.
Cost Discipline: SG&A cost ratios improved significantly across segments, supporting margin expansion and operational efficiency.
Market Share Gains: Mytheresa saw especially strong momentum in the US (up 22.9% sales), while Europe also performed well, and the group sees continued opportunity to gain share globally.
Transformation On Track: Management confirmed the ongoing turnaround, with medium-term targets for EUR 4B net sales and 7–9% EBITDA margin reiterated.
Cash Position: The company ended Q2 with EUR 543.6M in cash and investments, fully funding the transformation plan with no debt.
