LuxExperience B.V. (NYSE:LUXE) saw its stock jump 59.12% in pre-market trading Thursday after reporting impressive fourth-quarter results, driven by robust performance at its Mytheresa business and the recent YOOX NET-A-PORTER (YNAP) acquisition.
The luxury multi-brand digital platform posted Q4 net sales of €587.8 million, with Mytheresa delivering €248.9 million, up 11.5% year-over-year from €223.2 million in the same period last year. Mytheresa’s adjusted EBITDA climbed to €16.1 million, compared to €10.6 million in Q4 FY24, marking an adjusted EBITDA margin of 6.5%, up 180 basis points.
Customer metrics also reflected strong demand: GMV per customer rose 13%, GMV per top customer increased 16.1%, and the average order value grew 10% to €773 versus the prior year.
“I am extremely pleased with the results of our Mytheresa business. We have demonstrated clear operational and financial leadership in digital luxury,” said Michael Kliger, CEO of LuxExperience. “LuxExperience is in a remarkable position to become the one and only destination for luxury enthusiasts worldwide, bringing together some of the most iconic brands in digital luxury retail.”
Looking ahead to fiscal 2026, the company projects GMV between €2.5 billion and €2.9 billion, with an adjusted EBITDA margin ranging from -4% to +1%. LuxExperience also reaffirmed medium-term targets of €4 billion in net sales and an adjusted EBITDA margin of 7%-9%.
Following the YNAP acquisition, LuxExperience has accelerated group restructuring, implementing cost-cutting measures across operational functions and beginning the technology migration process for its luxury platforms.
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