With its turnaround "in full gear," LuxExperience swung into the black in its fiscal fourth quarter, driven by continued strong performance at Mytheresa and operational reengineering at Net-a-porter and Yoox. "We are very pleased that we have group sales growth and profitability," said Michael Kliger, chief executive officer of the Munich-based digital luxury group, in an interview. Reformation's 24.1% Revenue Jump Makes 21 Straight Quarters of Double-digit Growth Macy's Inc.
Reports Solid Q2, Raises Outlook "Where is it coming from? Mytheresa continued on its trajectory of double-digit growth and high profitability," Kliger said. "Net-a-porter swung to growth and profitability last quarter.
We predict this continues in the next fiscal year. And Yoox achieved growth for the first time since the acquisition, and halved its loss. So the turnaround is in full gear.
There was a significant swing from unprofitability to profitability at the group, driven by a strong last quarter. We fully achieved guidance." LuxExperience purchased Yoox Net-a-porter from Richemont in April 2025 creating a digital luxury powerhouse. Adjusted net income for LuxExperience's fiscal fourth quarter reached 7.8 million euros and compared with a loss of 2.4 million euros a year earlier.
For the fiscal year ended June 30, LuxExperience reported adjusted earnings before interest, taxes, depreciation and amortization of 11 million euros, which is a 64 million euro swing from the year before when the company lost money. "We achieved 2.1 percent positive adjusted EBITDA margin in the last quarter, and for the full fiscal year, 0.4 percent positive adjusted EBITDA margin," Kliger said. Net sales in the quarter rose 7.6 percent, at current exchange, to 653.6 million euros.
For the full year, sales increased 3.2 percent to just over 2.47 billion euros. "For the next fiscal year, which already started in July, we expect midsingle to high-single-digit growth in net sales for the group overall, which is a further acceleration. And we expect an adjusted EBITDA margin of 2 to 3 percent, which is also another significant increase over the just-closed fiscal year," Kliger said.
Extract — continue reading at the source.
