- Erfolgreiches 1. Quartal im Geschäftsjahr 2023 mit einem
Wachstum des Bruttowarenwerts (GMV) um 20,8% auf 197,9 Millionen
Euro und einer bereinigten EBITDA-Marge von 6,6%
- Steigerung der Bruttogewinnmarge im Q1 GJ23 auf 49,9% im
Vergleich zu 49,0% im Vorjahresquartal
- Prognose für das gesamte GJ23 mit einem GMV-Wachstum von 16%
bis 22% und einer stabilen bereinigten EBITDA-Marge von 9,0% bis
9,5% bestätigt
MYT Netherlands Parent B.V. (NYSE: MYTE) ("Mytheresa" oder das
"Unternehmen"), die Muttergesellschaft der Mytheresa Group GmbH,
gab heute die Finanzergebnisse für das erste Quartal des
Geschäftsjahres 2023 bekannt, welches am 30. September 2022 endete.
Die digitale Multibrand-Luxusplattform lieferte im ersten Quartal
starke Ergebnisse mit beschleunigtem Umsatzwachstum und anhaltender
Profitabilität. Dies zeigt die fundamentale Stärke und
Beständigkeit eines wirklich differenzierten Unternehmens mit einem
einzigartigen Kundenfokus, einem hochgradig anpassungsfähigen
Geschäftsmodell und herausragender operativer Exzellenz.
Michael Kliger, Chief Executive Officer von Mytheresa,
sagt: "Die Beschleunigung des GMV-Wachstums im 1. Quartal des neuen
Geschäftsjahres gegenüber den vorangegangenen Quartalen im Jahr
2022 hebt uns von anderen digitalen Plattformen ab und der
alleinige Fokus auf den High-End-Luxussektor, sowohl in Bezug auf
Kunden als auch auf Marken, macht uns in erster Linie zu einem
Luxusunternehmen und nicht nur zu einem digitalen Unternehmen. Wir
glauben, dass unsere Ergebnisse die fundamentale Stärke,
Widerstandsfähigkeit und Beständigkeit unseres Unternehmens
widerspiegeln, das seither immer profitables Wachstum geliefert
hat. Mit unserem einzigartigen Kundenfokus, einem hochgradig
anpassungsfähigen Geschäftsmodell und operativer Exzellenz sind wir
sehr zuversichtlich, unsere kommunizierten Ziele für das gesamte
Geschäftsjahr 2023 zu erreichen, trotz anhaltender
Herausforderungen im makro�konomischen Umfeld."
Kliger ergänzt: "Das Geschäftsmodell von Mytheresa ist gut
diversifiziert und agil. Wir verzeichnen ein Wachstum in allen
Kategorien, einschließlich unserer kürzlich eingeführten
„Life“-Kategorie mit Wohn- und Lifestyle-Produkten, sowie in allen
geografischen Regionen. Wir erzielten erneut ein
überdurchschnittliches GMV-Wachstum in den USA, wo wir aufgrund
unserer einzigartigen Kuratierung und zahlreicher 'money can't buy
experiences' für unsere Top-Kunden weiterhin Kunden gewinnen
konnten. Auch in China haben wir ein sehr gutes Wachstum erzielt,
wo wir unsere lokalen Teams ausbauen und unter unserer neuen
Führung in Aktivierungen investieren."
FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER ENDED SEPTEMBER
30, 2022
- GMV-Wachstum von 20,8% im Jahresvergleich auf 197,9 Mio. €,
verglichen mit 163,9 Mio. € im Vorjahreszeitraum
- Anstieg des Nettoumsatzes um 18,1 Mio. € bzw. 11,4%
gegenüber dem Vorjahr auf 175,9 Mio. € aufgrund der geplanten
Umstellung der Marken auf das Curated Platform Model (CPM) und der
daraus resultierenden Erfassung der Plattformgebühr als
Nettoumsatz
- Anstieg der Bruttogewinnmarge um 90 Basispunkte auf 49,9%
gegenüber 49,0% im Vorjahreszeitraum. Dies ist in erster Linie auf
einen Anstieg der Umsätze aus dem CPM zurückzuführen, welches eine
Bruttomarge von 100% erzielt sowie den Fokus auf Vollpreis
- Bereinigtes EBITDA von 11,6 Mio. € gegenüber 14,0 Mio. € im
Vorjahresquartal mit einer bereinigten EBITDA-Marge von 6,6% in Q1
GJ 23
AKTUELLE GESCHÄFTLICHE HIGHLIGHTS
Starke globale Expansion:
- Weiter beschleunigtes GMV-Wachstum mit +20,8% gegenüber Q1
FY22
- Erneut überdurchschnittliches GMV-Wachstum in den Vereinigten
Staaten mit +28,5% gegenüber Q1 FY22
- Außergew�hnliche Events für Topkunden und -kundinnen, sowie
Markenpartner, während der großen Modewochen in Europa und den
Vereinigten Staaten
- Ankündigung des China Designer Program by Mytheresa zur
Unterstützung und F�rderung der globalen Visibilität chinesischer
Luxusdesigner
Kontinuierliche Markenpartnerschaften:
- Launch exklusiver Kollektionen und Pre-Launches in
Zusammenarbeit mit Gucci, Chloé, Givenchy, Christian Louboutin,
Jacquemus, Loewe, Bottega Veneta und vielen anderen
- Exklusiver Launch der Etro Love Trotter Taschen am Tag der
ersten Etro Fashion Show von Designer Marco de Vincenzo
- Erfolgreicher Ausbau des Curated Platfom Model (CPM) mit
insgesamt 7 Luxusmarken
Hochwertiges Kundenwachstum:
- LTM-Wachstum der aktiven Kunden auf 13,4% auf 800.000
Kunden
- Solide Anzahl von Erstkäufern in Q1 GJ23 mit über 105.000
Neukunden
- Wiederkaufsraten der im 4. Quartal des GJ22 neu gewonnenen
Kundenkohorten zeigten einen positiven Trend im Vergleich zur
Kohorte des 4. Quartals GJ21 im ersten Quartal
- Starkes Wachstum der Anzahl an Top-Kunden mit 22,7% in Q1 FY23
gegenüber Q1 FY22 sowie ein Anstieg des durchschnittlichen GMV pro
Kunde von 6,5% in Q1 FY23 gegenüber Q1 FY22 unterstreichen den
klaren Fokus auf die Qualität der Kundenakquisition
Konstant starke operative Leistung:
- Anhaltende sehr hohe Kundenzufriedenheit mit einem
branchenführenden Net Promoter Score von 81% in Q1 GJ23
- Starke Bruttogewinnmarge von 49,9% in Q1 GJ23, basierend auf
dem anhaltenden Fokus auf das Vollpreisgeschäft und dem steigenden
Anteil von CPM, welches 100% Bruttogewinn generiert
- Alle operativen Indikatoren in Q1 GJ23 unterstreichen die
Widerstandsfähigkeit und Anpassungsfähigkeit des
Mytheresa-Geschäftsmodells trotz schwieriger makro�konomischer
Bedingungen
- Ver�ffentlichung des ersten ESG-Reports, der die Fortschritte
bei den festgelegten ESG-Verpflichtungen aufzeigt
GESCHÄFTSAUSBLICK
Für das gesamte Geschäftsjahr, das am 30. Juni 2023 endet,
bestätigen wir unsere bisherige Prognose:
- GMV im Bereich von 865 bis 910 Mio. €, was einem Wachstum von
16% bis 22% entspricht
- Nettoumsatz von 755 bis 800 Mio. €, was einem Wachstum von 10%
bis 16% entspricht
- Bruttogewinn von 410 bis 435 Mio. €, was einem Wachstum von 16%
bis 22% entspricht
- Net Sales of €755 million to €800 million, representing 10% to
16% growth
- Gross Profit at €410 million to €435 million, representing a
16% to 22% growth
- Bereinigtes EBITDA in der Gr�ßenordnung von 68 bis 76 Mio. €
und eine bereinigte EBITDA-Marge von 9,0% bis 9,5%
Mittelfristig bestätigen wir unsere Ziele eines jährlichen
GMV-Wachstums von 22% bis 25% sowie einer leicht steigenden
bereinigten EBITDA-Marge von 9% bis 10%.
Die vorstehenden zukunftsgerichteten Aussagen spiegeln die
Erwartungen von Mytheresa zum heutigen Datum wider. In Anbetracht
einer Reihe von Risikofaktoren, Ungewissheiten und Annahmen, die im
Folgenden erläutert werden, k�nnen die tatsächlichen Ergebnisse
erheblich abweichen. Mytheresa beabsichtigt nicht, seine
zukunftsgerichteten Aussagen bis zur nächsten Bekanntgabe der
Quartalsergebnisse zu aktualisieren, es sei denn, es handelt sich
um �ffentlich zugängliche Aussagen.
INFORMATIONEN ZUR TELEFONKONFERENZ UND ZUM WEBCAST
Mytheresa wird am 8. November 2022 um 8:00 Uhr Eastern Time eine
Telefonkonferenz zu den Finanzergebnissen des ersten Quartals des
Geschäftsjahres 2023 abhalten. Diejenigen, die per Webcast
teilnehmen m�chten, sollten über die Investor-Relations-Website von
Mytheresa unter https://investors.mytheresa.com auf die Konferenz
zugreifen. Diejenigen, die per Telefon teilnehmen m�chten, k�nnen
sich unter +1 (877) 269-7751 (USA) oder +1 (201) 389-0908
(International) einwählen. Der Passcode lautet 13733608. Die
Aufzeichnung der Telefonkonferenz wird als Webcast auf der Investor
Relations Website von Mytheresa verfügbar sein. Die telefonische
Aufzeichnung wird ab 11:00 Uhr Eastern Time am 8. November 2022 bis
zum 15. November 2022 unter der Nummer +1 (844) 512-2921 (USA) oder
+1 412 317 6671 (International) verfügbar sein. Der Passcode für
die Aufzeichnung lautet 13733608.
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 October 15, 2021 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
We review a number of operating and financial metrics, including
the following business and non-IFRS metrics, to evaluate our
business, measure our performance, identify trends affecting our
business, formulate business plans and make strategic decisions. We
present Adjusted EBITDA, Adjusted Operating Income, Adjusted Net
Income and Adjusted EBITDA Margin as well as Adjusted Operating
Income Margin and Adjusted Net Income Margin because they are
frequently used by analysts, investors and other interested parties
to evaluate companies in our industry. Further, we believe these
measures are helpful in highlighting trends in our operating
results, because they exclude the impact of items that are outside
the control of management or not reflective of our ongoing
operations and performance. Adjusted EBITDA, Adjusted Operating
Income, and Adjusted Net Income have limitations, because they
exclude certain types of expenses. We use Adjusted EBITDA, Adjusted
Operating Income, Adjusted Net Income as well as Adjusted EBITDA
Margin, Adjusted Operating Income Margin and Adjusted Net Income
Margin as supplemental information only. You are encouraged to
evaluate each adjustment and the reasons we consider it appropriate
for supplemental analysis.
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 IPO preparation
and transaction costs, Other transaction-related, certain legal and
other expenses and IPO-related share-based compensation expenses.
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
IPO preparation and transaction costs, Other transaction-related,
certain legal and other expenses and IPO-related share-based
compensation expenses. 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 finance expenses on
our Shareholder Loans, IPO preparation and transaction costs, Other
transaction-related, certain legal and other expenses, IPO-related
share-based compensation expenses and related income tax effects.
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, applicable sales 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 fashion 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, please visit
https://investors.mytheresa.com.
MYT Netherlands Parent B.V.
Financial Results and Key Operating
Metrics (Amounts in € millions)
Three Months Ended
September 30, 2021
September 30, 2022
Change in % / BPs
(in millions) (unaudited)
Gross Merchandise Value (GMV) (1)
€ 163.9
€ 197.9
20.8%
Active customer (LTM in thousands) (1),
(2)
705
800
13.4%
Total orders shipped (LTM in thousands)
(1), (2)
1,580
1,839
16.4%
Net sales
€ 157.8
€ 175.9
11.4%
Gross profit
€ 77.3
€ 87.8
13.6%
Gross profit margin(3)
49.0%
49.9%
90 BPs
Adjusted EBITDA(4)
€ 14.0
€ 11.6
(17.4%)
Adjusted EBITDA margin(3)
8.9%
6.6%
(230 BPs)
Adjusted Operating Income(4)
€ 11.8
€ 9.0
(23.6%)
Adjusted Operating Income margin(3)
7.5%
5.1%
(240 BPs)
Adjusted Net Income(4)
€ 8.2
€ 6.1
(26.1%)
Adjusted Net Income margin(3)
5.2%
3.5%
(170 BPs)
(1) Definition of GMV, Active customer and
Total orders shipped can be found on page 27 in our Interim
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) Adjusted EBITDA, Adjusted Operating
Income, Adjusted Net Income and Adjusted EBITDA Margin, Adjusted
Operating Margin and Adjusted Net Income Margin are measures not
defined under IFRS. For further information about how we calculate
these measures and limitations of its use, see the following
pages.
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 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
September 30, 2021
September 30, 2022
Change in %
(in millions) (unaudited)
Net income
€ (7.3)
€ (3.8)
(47.8%)
Finance expenses, net
€ 0.2
€ 0.4
96.8%
Income tax expense
€ 3.4
€ 2.6
(24.3%)
Depreciation and
amortization
€ 2.2
€ 2.5
16.7%
thereof depreciation of
right-of use assets
€ 1.3
€ 1.7
27.9%
EBITDA
€ (1.5)
€ 1.7
(211.7%)
Other transaction-related,
certain legal and other expenses (1)
€ 0.0
€ 1.5
N/A
IPO related share-based
compensation(2)
€ 15.5
€ 8.4
(45.7%)
Adjusted EBITDA
€ 14.0
€ 11.6
(17.4%)
Reconciliation to Adjusted EBITDA
Margin
Net Sales
€ 157.8
€ 175.9
11.4%
Adjusted EBITDA margin
8.9%
6.6%
(230 BPs)
Three Months Ended
September 30, 2021
September 30, 2022
Change in %
(in millions) (unaudited)
Operating Income
€ (3.7)
€ (0.9)
(76.9%)
Other transaction-related,
certain legal and other expenses (1)
€ 0.0
€ 1.5
N/A
IPO related share-based
compensation(2)
€ 15.5
€ 8.4
(45.7%)
Adjusted Operating Income
€ 11.8
€ 9.0
(23.6%)
Reconciliation to Adjusted Operating
Income Margin
Net Sales
€ 157.8
€ 175.9
11.4%
Adjusted Operating Income margin
7.5%
5.1%
(240 BPs)
Three Months Ended
September 30, 2021
September 30, 2022
Change in %
(in millions) (unaudited)
Net Income
€ (7.3)
€ (3.8)
(47.8%)
Other transaction-related,
certain legal and other expenses(1)
€ 0.0
€ 1.5
N/A
IPO related share-based
compensation(2)
€ 15.5
€ 8.4
(45.7%)
Adjusted Net Income
€ 8.2
€ 6.1
(26.1%)
Reconciliation to Adjusted Net Income
Margin
Net Sales
€ 157.8
€ 175.9
11.4%
Adjusted Net Income margin
5.2%
3.5%
(170 BPs)
(1) Other transaction-related, certain
legal and other expenses represents (i) certain legal expenses
incurred outside the ordinary course of our business and (ii) other
non-recurring expenses incurred in connection with the costs of
establishing our new central warehouse in Leipzig, Germany.
(2) In fiscal 2021, with the effective
IPO, certain key management personnel received a one-time granted
share-based compensation, for which the share-based compensation
expense will be recognized upon defined vesting schedules in the
future periods, including €8.4 million for the three months ended
September 30, 2022. We do not consider these expenses to be
indicative of our core operating performance.
MYT Netherlands Parent B.V.
Unaudited Condensed Consolidated Statements
of Profit or Loss and Comprehensive Income (Amounts in €
thousands, except share and per share data)
Three Months Ended
(in € thousands)
September 30, 2021
September 30, 2022
Net sales
157,832
175,890
Cost of sales, exclusive of depreciation
and amortization
(80,516)
(88,095)
Gross profit
77,316
87,795
Shipping and payment cost
(19,966)
(24,029)
Marketing expenses
(22,427)
(25,354)
Selling, general and administrative
expenses
(36,158)
(37,643)
Depreciation and amortization
(2,182)
(2,547)
Other income (loss), net
(281)
926
Operating income
(3,699)
(853)
Finance income
-
4
Finance costs
(189)
(376)
Finance income (costs), net
(189)
(372)
Loss before income taxes
(3,888)
(1,225)
Income tax expense
(3,408)
(2,581)
Net loss
(7,296)
(3,806)
Cash Flow Hedge
(1,081)
(3,059)
Income Taxes related to Cash Flow
Hedge
267
854
Foreign currency translation
(25)
(25)
Other comprehensive loss
(839)
(2,230)
Comprehensive loss
(8,136)
(6,036)
Basic & diluted earnings per share
€
(0.09)
€
(0.04)
Weighted average ordinary shares
outstanding
(basic and diluted) – in millions
84.5
86.5
MYT Netherlands Parent B.V.
Unaudited Condensed Consolidated Statements
of Financial Position (Amounts in € thousands)
(in € thousands)
June 30, 2022
September 30, 2022
Assets
Non-current assets
Non-current financial assets
294
642
Intangible assets and goodwill
155,223
155,125
Property and equipment
17,691
22,056
Right-of-use assets
21,677
45,829
Deferred tax assets
6,090
6,090
Total non-current assets
200,975
229,742
Current assets
Inventories
230,144
262,197
Trade and other receivables
8,276
6,145
Other assets
61,874
32,606
Cash and cash equivalents
113,507
87,891
Total current assets
413,801
388,840
Total assets
614,776
618,582
Shareholders’ equity and
liabilities
Subscribed capital
1
1
Capital reserve
498,872
509,494
Accumulated Deficit
(68,734)
(72,540)
Accumulated other comprehensive income
(loss)
1,528
(702)
Total shareholders’ equity
431,667
436,252
Non-current liabilities
Provisions
758
2,621
Lease liabilities
16,817
39,362
Deferred tax liabilities
3,661
4,116
Total non-current liabilities
21,237
46,099
Current liabilities
Tax liabilities
25,892
21,963
Lease liabilities
5,189
5,285
Contract liabilities
10,746
6,341
Trade and other payables
45,156
34,968
Other liabilities
74,889
67,675
Total current liabilities
161,872
136,232
Total liabilities
183,109
182,330
Total shareholders’ equity and
liabilities
614,776
618,582
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
-
-
(7,296)
-
-
(7,296)
Other comprehensive loss
-
-
-
(814)
(25)
(839)
Comprehensive loss
-
-
(7,296)
(814)
(25)
(8,136)
Share-based compensation
-
16,134
-
-
-
16,134
Balance as of September 30,
2021
1
461,086
(68,133)
(814)
1,577
393,716
Balance as of July 1, 2022
1
498,872
(68,734)
-
1,528
431,667
Net loss
-
-
(3,806)
-
-
(3,806)
Other comprehensive loss
-
-
-
(2,205)
(25)
(2,230)
Comprehensive loss
-
-
(3,806)
(2,205)
(25)
(6,036)
Share options exercised
-
1,077
-
-
-
1,077
Share-based compensation
-
9,544
-
-
-
9,544
Balance as of September 30,
2022
1
509,494
(72,540)
(2,205)
1,503
436,252
MYT Netherlands Parent B.V.
Unaudited Condensed Consolidated Statements
of Cash Flows (Amounts in € thousands)
Three months ended September
30,
(in € thousands)
2021
2022
Net loss
(7,296)
(3,806)
Adjustments for
Depreciation and
amortization
2,182
2,547
Finance (income) costs, net
189
372
Share-based compensation
16,134
9,544
Income tax expense
3,408
2,581
Change in operating assets and
liabilities
(Decrease) increase in
provisions
17
1,863
(Increase) decrease in
inventories
(17,901)
(32,053)
(Increase) decrease in trade
and other receivables
1,274
2,130
Decrease (increase) in other
assets
(506)
29,962
(Decrease) increase in other
liabilities
3,713
(10,936)
Increase (decrease) in contract
liabilities
(3,202)
(4,405)
Increase (decrease) in trade
and other payables
(16,336)
(10,253)
Decrease (increase) in
non-current financial assets
(13)
(343)
Income taxes paid
(831)
(5,207)
Net cash used in operating
activities
(19,166)
(18,004)
Expenditure for property and equipment and
intangible assets
(356)
(5,092)
Net cash (used in) investing
activities
(356)
(5,092)
Interest paid
(189)
(372)
Proceeds from exercise of option
awards
-
1,077
Payment of lease liabilities
(1,339)
(3,234)
Net cash used in financing
activities
(1,528)
(2,530)
Net decrease in cash and cash
equivalents
(21,050)
(25,625)
Cash and cash equivalents at the
beginning of the period
76,760
113,507
Effects of exchange rate changes on
cash and cash equivalents
(25)
10
Cash and cash equivalents at end of the
period
55,685
87,891
Originalversion auf businesswire.com
ansehen: https://www.businesswire.com/news/home/20221108005174/de/
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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