- Gross Merchandise Value (GMV) growth of 7.8% to €215.9
million in Q2 FY23 as compared to €200.2 million in the prior year
period
- GMV growth of 13.7% in H1 FY23 as compared to the prior year
period
- Number of top customer growth of 25.3% in Q2 of FY23 and
26.2% in H1 FY23 as compared to the prior year period
- Gross Profit margin of 54.8% in Q2 FY23, an increase of 140
BPs from Q2 of FY22
- Strong profitability with adjusted EBITDA of €17.7 million
in Q2 FY23, representing an Adjusted EBITDA margin of 9.3%
- Confirmed guidance for full FY23 at the lower end of 16% to
22% GMV growth and 9% to 9.5% 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 second quarter of fiscal year
2023 ended December 31, 2022. The luxury multi-brand digital
platform delivered another quarter of solid growth with continued
strong profitability, despite significant macro-economic
headwinds.
Michael Kliger, Chief Executive Officer of Mytheresa,
said, “We are pleased with the solid growth in the second quarter
which is driven by Mytheresa’s clear focus on the true high-end,
wardrobe-building luxury customers and not the aspirational,
occasional luxury shoppers who are more likely to be impacted
negatively by an economic downturn. Our business has shown once
more excellent financial strength and resilience against a backdrop
of economic and geopolitical challenges, setting Mytheresa apart
from other digital platforms in the same period.”
Kliger continued, “We have built a very resilient and agile
business model. We are global, active across many luxury
categories, uniquely focused on full-price selling and we have a
high share of cost variability. This enables Mytheresa to deliver
strong profitability even at times of slower growth. All of this,
along with the consistently high-quality levels of services and
creative productions, clearly places us as one of the few winners
in the consolidating luxury ecommerce space.”
FINANCIAL HIGHLIGHTS FOR THE SECOND QUARTER ENDED DECEMBER
31, 2022
- GMV growth of 7.8% to €215.9 million in Q2 FY23 as compared
to €200.2 million in the prior year period
- Net sales increase of 1.3% year-over-year to €190.1
million
- Increase of 140 basis points in Gross Profit margin to 54.8%
compared to 53.4% in the prior year period due to increased sales
from the Curated Platform Model (CPM) generating 100% gross margin
with no costs of sales
- Strong profitability with Adjusted EBITDA of €17.7 million
in Q2 FY23, representing an Adjusted EBITDA margin of 9.3%
- Adjusted operating income of €14.9 million at an Adjusted
operating income margin of 7.9%
- Adjusted net income of €11.0 million at an Adjusted net
income margin of 5.8%
RECENT BUSINESS HIGHLIGHTS
Strong Global Expansion:
- Solid GMV growth despite significant macro-economic headwinds
with +7.8% vs. Q2 FY22 and +13.7% in H1 FY23 vs. H1 FY22
- GMV growth in the United States of +12.7% in Q2 FY23 vs. Q2
FY22 and total GMV share of the US expanding to 16.9%
- High-impact top customer activations held in Europe, the United
States and the Middle East with truly “money can’t buy”
experiences
Continued Brand Partnerships:
- Launch of exclusive capsule collections and pre-launches in
collaboration with Loro Piana, Max Mara, Etro, The Row, Oscar de la
Renta, Stella McCartney, Christian Louboutin, Givenchy and many
more
- Strong expansion of skiwear category with capsules and
exclusives by Dolce&Gabbana, Khaite, Gucci and Pucci
- Launch of Moncler Grenoble exclusive products with highly
impactful shoppable video campaign shot by Mytheresa in Crans
Montana with professional skiers
- Successful operation of the Curated Platform Model (CPM) with 7
brands and positive business impact
High-quality Customer Growth:
- LTM growth of active customers of 10.1% reaching 814,000
customers
- Strong growth of number of top customers with +25.3% in Q2 FY23
vs. Q2 FY22 as well as an increase in average GMV per all customers
of +1.9% in Q2 FY23 showing the quality of customer
acquisitions
- Solid number of first-time buyers in one quarter with over
120,000 new customers
- Newly acquired Q3 FY22 customer cohorts show positive
repurchase rates up to December compared to the cohort acquired in
Q3 FY21
Consistent Strong Operational Performance:
- Maintained very good customer satisfaction with an
industry-leading Net Promoter Score of 79.5% in Q2 FY23
- Achieved strong Gross Profit margin with 54.8% in Q2 FY23 based
on continued focus on full-price business and increasing share of
CPM which generates 100% gross profit with no cost of sales
- Operational indicators in Q2 FY23 underlined resilience and
adaptability of the Mytheresa business model despite significant
challenging macro-economic conditions
BUSINESS OUTLOOK
For the full fiscal year ending June 30, 2023, we confirm our
previous guidance at the lower end of the given range for top and
bottom line:
- GMV in the range of €865 to €910 million, representing 16% to
22% growth
- Net Sales in the range of €755 million to €800 million,
representing 10% to 16% growth
- Gross Profit in the range of €410 million to €435 million,
growing in line with GMV and representing 16% to 22% growth
Adjusted EBITDA in the range of €68 million to €76 million with
an Adjusted EBITDA margin of 9.0% to 9.5%
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 second
quarter of fiscal year 2023 financial results on February 23, 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 February 23, 2023, through March 2,
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 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 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 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
Six Months Ended
December 31, 2021
December 31, 2022
Change in % / BPs
December 31, 2021
December 31, 2022
Change in % / BPs
(in millions) (unaudited)
Gross Merchandise Value (GMV) (1)
€ 200.2
€ 215.9
7.8%
€ 364.0
€ 413.7
13.7%
Active customer (LTM in thousands)
(1,2)
740
814
10.1%
740
814
10.1%
Total orders shipped (LTM in thousands)
(1,2)
1,656
1,876
13.3%
1,656
1,876
13.3%
Net sales
€ 187.6
€ 190.1
1.3%
€ 345.4
€ 366.0
6.0%
Gross profit
€ 100.1
€ 104.2
4.0%
€ 177.4
€ 192.0
8.2%
Gross profit margin(3)
53.4%
54.8%
140 BPs
51.4%
52.5%
110 BPs
Adjusted EBITDA (4)
€ 28.9
€ 17.7
(38.6%)
€ 43.5
€ 30.4
(30.1%)
Adjusted EBITDA margin (3)
15.4%
9.3%
(610 BPs)
12.6%
8.3%
(430 BPs)
Adjusted Operating Income (4)
€ 26.6
€ 14.9
(43.9%)
€ 39.1
€ 25.1
(35.8%)
Adjusted Operating Income margin (3)
14.2%
7.9%
(630 BPs)
11.3%
6.9%
(440 BPs)
Adjusted Net Income (4)
€ 19.5
€ 11.0
(43.6%)
€ 28.3
€ 18.2
(35.8%)
Adjusted Net Income margin (3)
10.4%
5.8%
(460 BPs)
8.2%
5.0%
(320 BPs)
(1) Definition of GMV, Active customer and Total orders shipped
can be found on page 29 of our 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 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
to EBITDA and adjusted EBITDA, operating income to adjusted
operating income and net income to adjusted net income and their
corresponding margins as a percentage of net sales:
Three Months Ended
Six Months Ended
December 31, 2021
December 31, 2022
Change in %
December 31, 2021
December 31, 2022
Change in %
(in millions) (unaudited)
Net income
€ 2.1
€ (0.5)
(122.3%)
€ (5.2)
€ (4.3)
(18.4%)
Finance expenses, net
€ 0.2
€ 0.4
111.2%
€ 0.4
€ 0.8
104.2%
Income tax expense
€ 7.0
€ 3.5
(49.4%)
€ 10.4
€ 6.1
(41.1%)
Depreciation and amortization
€ 2.3
€ 2.8
23.9%
€ 4.4
€ 5.3
20.4%
thereof depreciation of
right-of use assets
€ 1.4
€ 2.1
52.8%
€ 2.7
€ 3.8
40.5%
EBITDA
€ 11.5
€ 6.3
(45.3%)
€ 10.0
€ 8.0
(20.0%)
Other transaction-related,
certain legal and other expenses (1)
€ 1.0
€ 1.8
67.5%
€ 1.0
€ 3.2
206.3%
Share-based compensation (2)
€ 16.3
€ 9.7
(40.7%)
€ 32.5
€ 19.2
(40.8%)
Adjusted EBITDA
€ 28.9
€ 17.7
(38.6%)
€ 43.5
€ 30.4
(30.1%)
Reconciliation to Adjusted EBITDA
Margin
Net Sales
€ 187.6
€ 190.1
1.3%
€ 345.4
€ 366.0
6.0%
Adjusted EBITDA margin
15.4%
9.3%
(610 BPs)
12.6%
8.3%
(430 BPs)
Three Months Ended
Six Months Ended
December 31, 2021
December 31, 2022
Change in %
December 31, 2021
December 31, 2022
Change in %
(in millions) (unaudited)
Operating Income
€ 9.2
€ 3.5
(62.2%)
€ 5.5
€ 2.6
(52.4%)
Other transaction-related,
certain legal and other expenses (1)
€ 1.0
€ 1.8
67.5%
€ 1.0
€ 3.2
206.3%
Share-based compensation (2)
€ 16.3
€ 9.7
(40.7%)
€ 32.5
€ 19.2
(40.8%)
Adjusted Operating Income
€ 26.6
€ 14.9
(43.9%)
€ 39.1
€ 25.1
(35.8%)
Reconciliation to Adjusted Operating
Income Margin
Net Sales
€ 187.6
€ 190.1
1.3%
€ 345.4
€ 366.0
6.0%
Adjusted Operating Income margin
14.2%
7.9%
(630 BPs)
11.3%
6.9%
(440 BPs)
MYT Netherlands Parent B.V.
Financial Results and Key Operating
Metrics
(Amounts in € millions)
Three Months Ended
Six Months Ended
December 31, 2021
December 31, 2022
Change in %
December 31, 2021
December 31, 2022
Change in %
(in millions) (unaudited)
Net Income
€ 2.1
€ (0.5)
(122.3%)
€ (5.2)
€ (4.3)
(18.4%)
Other transaction-related,
certain legal and other expenses (1)
€ 1.0
€ 1.8
67.5%
€ 1.0
€ 3.2
206.3%
Share-based compensation (2)
€ 16.3
€ 9.7
(40.7%)
€ 32.5
€ 19.2
(40.8%)
Adjusted Net Income
€ 19.5
€ 11.0
(43.6%)
€ 28.3
€ 18.2
(35.8%)
Reconciliation to Adjusted Net Income
Margin
Net Sales
€ 187.6
€ 190.1
1.3%
€ 345.4
€ 366.0
6.0%
Adjusted Net Income margin
10.4%
5.8%
(460 BPs)
8.2%
5.0%
(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
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 key management members and supervisory board members
were 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 has
changed. Prior to Q2 of fiscal year 2023, MYT Netherlands Parent
B.V. and its subsidiaries (“Mytheresa Group”) only adjusted for
share-based compensation expenses connected to the IPO. As of Q2 of
FY23 we also adjusted for 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. Therefore, starting with Q2 of fiscal year 2023, Adjusted
EBITDA, Adjusted Operating Income and Adjusted Net Income have been
adjusted for all share-based compensation expenses to make the
presentation consistent with common practice in the industry and
comparable to Mytheresa Group peers. Therefore, Adjusted EBITDA,
Adjusted Operating Income and Adjusted Net Income in current and
prior periods presented have been changed to reflect this
consistent presentation. 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 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
Six Months Ended
(in € thousands)
December 31, 2021
December 31, 2022
December 31, 2021
December 31, 2022
Net sales
187,571
190,092
345,402
365,983
Cost of sales, exclusive of depreciation
and amortization
(87,453)
(85,925)
(167,969)
(174,020)
Gross profit
100,118
104,167
177,433
191,963
Shipping and payment cost
(25,509)
(28,284)
(45,476)
(52,313)
Marketing expenses
(23,828)
(28,802)
(46,256)
(54,156)
Selling, general and administrative
expenses
(40,980)
(39,089)
(77,138)
(76,733)
Depreciation and amortization
(2,261)
(2,801)
(4,443)
(5,349)
Other (expense) income, net
1,708
(1,698)
1,427
(772)
Operating income
9,246
3,493
5,547
2,640
Finance income
-
244
-
248
Finance costs
(199)
(664)
(388)
(1,040)
Finance income (costs), net
(199)
(420)
(388)
(792)
Income before income taxes
9,048
3,073
5,159
1,848
Income tax expense
(6,982)
(3,535)
(10,390)
(6,116)
Net income (loss)
2,066
(462)
(5,230)
(4,268)
Cash Flow Hedge
(1,088)
4,761
(2,169)
1,701
Income Taxes related to Cash Flow
Hedge
336
(1,329)
604
(475)
Foreign currency translation
(28)
52
(54)
27
Other comprehensive income
(loss)
(780)
3,484
(1,619)
1,254
Comprehensive income (loss)
1,287
3,022
(6,849)
(3,014)
Basic & diluted earnings per share
€
0.02
€
(0.01)
€
(0.06)
€
(0.05)
Weighted average ordinary shares
outstanding (basic) – in millions (1)
86.3
86.6
86.3
86.6
Weighted average ordinary shares
outstanding (diluted) – in millions (1)
87.7
86.6
86.3
86.6
- 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
December 31, 2022
Assets
Non-current assets
Non-current financial assets
294
4,763
Intangible assets and goodwill
155,223
155,021
Property and equipment
17,691
28,774
Right-of-use assets
21,677
45,529
Deferred tax assets
6,090
6,090
Total non-current assets
200,975
240,177
Current assets
Inventories
230,144
307,990
Trade and other receivables
8,276
7,553
Other assets
61,874
40,081
Cash and cash equivalents
113,507
51,880
Total current assets
413,801
407,503
Total assets
614,776
647,680
Shareholders’ equity and
liabilities
Subscribed capital
1
1
Capital reserve
498,872
517,630
Accumulated Deficit
(68,734)
(73,002)
Accumulated other comprehensive income
1,528
2,782
Total shareholders’ equity
431,667
447,411
Non-current liabilities
Provisions
758
2,623
Lease liabilities
16,817
40,055
Deferred tax liabilities
3,661
7,201
Total non-current liabilities
21,237
49,879
Current liabilities
Tax liabilities
25,892
22,053
Cash-settled share-based payment
liability
-
1,545
Lease liabilities
5,189
5,297
Contract liabilities
10,746
7,915
Trade and other payables
45,156
43,290
Other liabilities
74,889
70,291
Total current liabilities
161,872
150,390
Total liabilities
183,109
200,369
Total shareholders’ equity and
liabilities
614,776
647,680
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
-
-
(5,230)
-
-
(5,230)
Other comprehensive loss
-
-
-
(1,566)
(53)
(1,619)
Comprehensive loss
-
-
(5,230)
(1,566)
(53)
(6,849)
Share-based compensation
-
32,473
-
-
-
32,473
Balance as of December 31, 2021
1
477,424
(66,067)
(1,566)
1,549
411,342
Balance as of July 1, 2022
1
498,872
(68,734)
-
1,528
431,667
Net loss
-
-
(4,268)
-
-
(4,268)
Other comprehensive income
-
-
-
1,227
27
1,254
Comprehensive loss
-
-
(4,268)
1,227
27
(3,014)
Share options exercised
-
1,077
-
-
-
1,077
Share-based compensation
-
19,226
-
-
-
19,226
Reclassification due to cash-settlement of
Share-based compensation (1)
-
(1,545)
-
-
-
(1,545)
Balance as of December 31, 2022
1
517,630
(73,002)
1,227
1,555
447,411
- 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)
Six months ended December
31,
(in € thousands)
2021
2022
Net loss
(5,230)
(4,268)
Adjustments for
Depreciation and amortization
4,443
5,349
Finance (income) costs, net
388
792
Share-based compensation
32,473
19,226
Income tax expense
10,390
6,116
Change in operating assets and
liabilities
(Decrease) increase in provisions
25
1,865
(Increase) decrease in inventories
2,741
(77,846)
(Increase) decrease in trade and other
receivables
(36,785)
722
Decrease (increase) in other assets
(2,817)
23,528
(Decrease) increase in other
liabilities
10,267
(4,452)
Increase (decrease) in contract
liabilities
(2,661)
(2,831)
Increase (decrease) in trade and other
payables
(4,387)
(1,910)
Decrease (increase) in non-current
financial assets
(15)
(4,493)
Income taxes paid
(1,674)
(6,896)
Net cash used in operating
activities
7,172
(45,088)
Expenditure for property and equipment and
intangible assets
(1,057)
(12,396)
Net cash (used in) investing
activities
(1,057)
(12,396)
Interest paid
(388)
(792)
Proceeds from exercise of option
awards
-
1,077
Payment of lease liabilities
(2,689)
(4,340)
Net cash used in financing
activities
(3,076)
(4,055)
Net decrease in cash and cash
equivalents
3,038
(61,539)
Cash and cash equivalents at the
beginning of the period
76,760
113,507
Effects of exchange rate changes on
cash and cash equivalents
(53)
(88)
Cash and cash equivalents at end of the
period
79,745
51,880
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230223005051/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
Grafico Azioni MYT Netherlands Parent BV (NYSE:MYTE)
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Da Ott 2024 a Nov 2024
Grafico Azioni MYT Netherlands Parent BV (NYSE:MYTE)
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Da Nov 2023 a Nov 2024
