Q3 FY25 Results: LuxExperience reports solid Net Sales growth of 4% and continued strong adjusted EBITDA profitability at a 4% margin for the legacy Mytheresa standalone business
-- Solid Net Sales growth of +4% in Q3 FY25 vs. Q3 FY24
-- Extraordinary GMV growth per Top Customer at +17.9% in Q3 FY25 vs. Q3
FY24
-- Outstanding Average Order Value increasing by +8.8% to EUR753 LTM in Q3
FY25 vs. Q3 FY24
-- Continued Gross Profit Margin increase of 140bps to 45% in Q3 FY25 vs. Q3
FY24 in line with preceding two quarters
-- Strong profitability with adjusted EBITDA margin of 4% in Q3 FY25 vs. Q3
FY24
MUNICH--(BUSINESS WIRE)--May 14, 2025--
LuxExperience B.V. $(LUXE)$ (the "Company"), today announced its financial results for the legacy Mytheresa standalone business for its third quarter fiscal year 2025 ended March 31, 2025. The luxury multi-brand digital platform reported solid growth and continued Adj. EBITDA profitability in a tough market environment.
The Company's third quarter highlights include an outstanding Average Order Value, continued gross margin expansion, decrease in return rates, record-high NPS and strong profitability.
Michael Kliger, Chief Executive Officer of LuxExperience, said, "The results of the third quarter demonstrate once again the strength of the Mytheresa business model. Solid GMV growth, higher top customer spend, continued product margin expansion and strong profitability show the health and resilience of the Mytheresa business despite macro headwinds."
Kliger continued, "The strong results of the Mytheresa business model underline the fantastic prospects for the recently acquired YOOX NET-A-PORTER business. We continue to demonstrate our ability to execute well and achieve strong results under macro uncertainties where other players fail. Combined we will create the leader in global digital, multi-brand luxury with strong profitability and growth. Our medium-term ambition is to reach around EUR4bn in net sales per year and 7% to 9% in adjusted EBITDA margin."
FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER ENDED MARCH 31, 2025
-- Net sales increase of +3.8% year-over-year to EUR242.5 million as
compared to EUR233.6 million in Q3 FY24 and in FYTD 25 +8.0% vs. FYTD 24
-- GMV growth of 3.8% to EUR261.3 million in Q3 FY25 as compared to EUR251.9
million in the prior year period
-- Outstanding Average Order Value increasing by +8.8% to EUR753 LTM in Q3
FY25 vs. Q3 FY24
-- Gross Profit margin of 44.8%, an increase of 140 BPs year-over-year
-- Adjusted EBITDA of EUR9.3 million and adjusted EBITDA margin of 3.9% -
FYTD 25 Adjusted EBITDA margin at 4.3%
-- Positive Operating Cash Flow of EUR18.7 million in Q3 FY25
KEY BUSINESS HIGHLIGHTS
-- Expansion of partnership with Prada to global distribution rights
including the United States
-- Successful two-week immersive Aspen Après-Ski experience in
cooperation with Bemelmans in Aspen, with strong acquisition of new
high-net-worth customers
-- Launch of exclusive capsule collections and pre-launches in collaboration
with Loewe, Etro, Balenciaga, Manolo Blahnik, Saint Laurent, Bottega
Veneta, Valentino Garavani, Toteme, Tod's and many more
-- Impactful Top Customer events around the globe and "money-can't buy"
experiences in partnership with luxury brands, including an exclusive
dinner with Christopher Esber in Paris, an exclusive event with
Alaïa in Venice and a cocktail party with Pucci in Austin
-- Outstanding customer satisfaction with Net Promoter Score of 86.0% in Q3
FY25
Given the recent uncertainties on tariffs and their effects on customer sentiment we now expect for GMV and Net Sales growth the lower end of our given guidance of 7% to 13% for the full fiscal year ending June 30, 2025 for the legacy Mytheresa standalone business. Given our continuous focus on profitability we confirm our guidance for Adjusted EBITDA margin in the range of 3% and 5%.
The acquisition of YOOX Net-A-Porter in the fourth quarter of our FY 25 is expected to add another EUR300-350 million Net Sales and an Adjusted EBITDA loss of -EUR20 million to -EUR30 million to the legacy Mytheresa standalone business FY 25 numbers, ending on June 30, 2025.
With the successful closing of the acquisition of YOOX NET-A-PORTER we are very excited for the medium- and long-term outlook of the combined business. With our proven ability to execute and to show strong results we confirm our medium-term outlook for the combined business to achieve around 4bn net sales per year and an adjusted EBITDA margin of 7-9%.
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.
ACQUISITION OF YOOX NET-A-PORTER
On April 23, 2025, LuxExperience (formerly Mytheresa) successfully closed its acquisition of YOOX NET-A-PORTER from Richemont, through its subsidiary Richemont Italia Holding S.P.A., following the fulfillment of all conditions including receipt of all unconditional approvals from the relevant regulatory authorities.
-- The Company is now the sole shareholder of NET-A-PORTER, MR PORTER, YOOX
and THE OUTNET, which it will fully consolidate under the LuxExperience
B.V. umbrella.
-- In exchange for all shares of YOOX NET-A-PORTER and a net cash position
of EUR555m and no financial debt, Richemont has received 49,741,342
shares in LuxExperience, representing 33% of the Company's fully diluted
share capital post issuance of the consideration shares.
-- Richemont International Holding S.A. to provide a EUR100m revolving
credit facility to YOOX NET-A-PORTER
Beginning in the fourth quarter for fiscal year 2025, the Company will be reporting in three operating segments: Luxury - Mytheresa (which is the legacy Mytheresa standalone business), Luxury -- NAP & MRP (which is comprised of the NET-A-PORTER and MR PORTER businesses of YOOX NET-A-PORTER), and Off-Price (which is comprised of the YOOX and THE OUTNET businesses of YOOX NET-A-PORTER).
CONFERENCE CALL AND WEBCAST INFORMATION
LuxExperience will host a conference call to discuss Mytheresa's third quarter of fiscal year 2025 financial results on May 14, 2025 at 8:00am Eastern Time. Those wishing to participate via webcast should access the call through LuxExperience's Investor Relations website at https://investors.luxexperience.com. Those wishing to participate via the telephone may dial in at +1 (800) 715-9871 $(USA)$.
The participant access code will be 7531135. The conference call replay will be available via webcast through LuxExperience's Investor Relations website. The telephone replay will be available from 11:00am Eastern Time on May 14, 2025, through May 21, 2025, by dialing +1 (800) 770-2030 $(USA.UK)$. The replay passcode will be 7531135. For specific international dial-ins please see here.
LuxExperience Strategic Update Call
Following the successful acquisition of YNAP, management of LuxExperience will host a strategic update call before the U.S. market open at 8:00am Eastern Time on May 15, 2025, to provide more details on the newly formed group structure of LuxExperience, key strategic initiatives, financial details, as well as management's plans and strategic direction moving forward.
Those wishing to participate via webcast should access the call through LuxExperience's Investor Relations website at https://investors.luxexperience.com. Those wishing to participate via the telephone may dial in at +1 (800) 715-9871 $(USA.NZ)$. The participant access code will be 9261939. The conference call replay will be available via webcast through LuxExperience's Investor Relations website. The telephone replay will be available from May 15, 2025, through May 22, 2025, by dialing +1 (800) 770-2030 (USA). The replay passcode will be 9261939. 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 financing activities; 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 12, 2024. 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.luxexperience.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 financial 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
financial 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 financial 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 $(GMV.AU)$ 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 a leading luxury multi-brand digital platform. Founded as a boutique in 1987, Mytheresa launched online in 2006 and offers ready-to-wear, shoes, bags and accessories for womenswear, menswear, kidswear as well as lifestyle products and fine jewelry. The highly curated edit of up to 250 brands focuses on true luxury brands such as Bottega Veneta, Brunello Cucinelli, Dolce&Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, The Row, 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. Mytheresa is part of LuxExperience, the leading digital, multi-brand luxury group and reported EUR913.6 million GMV in fiscal year 2024.
ABOUT LUXEXPERIENCE
LuxExperience is the leading digital, multi-brand luxury group and the online shopping destination for luxury enthusiasts worldwide. LuxExperience operates a portfolio of some of the most distinguished store brands in digital luxury and creates communities for luxury enthusiasts with unique digital and physical experiences. Mytheresa, NET-A-PORTER and MR PORTER offer highly curated edits of the most prestigious luxury brands across the world, featuring womenswear, menswear, kidswear, fine jewelry & watches, and lifestyle products. YOOX and THE OUTNET are the leading destinations for multi-brand off-season online luxury shopping. The NYSE listed group operates in key markets worldwide.
For more information, please visit https://investors.luxexperience.com.
LuxExperience B.V.
Financial Results and Key Operating Metrics
(Amounts in EUR millions)
Three Months Ended Nine months ended
------------------------------- -----------------------------------
March 31, March 31, Change in March 31, March 31, Change
2024 2025 % / BPs 2024 2025 in % / BPs
--------- --------- --------- ---------- ---------- -----------
(in millions)
(unaudited)
Gross Merchandise
Value (GMV) (1) EUR 251.9 EUR 261.3 3.8% EUR 674.3 EUR 722.6 7.2%
Active customer
(LTM in thousands)
(1), (2) 862 837 (2.9%) 862 837 (2.9%)
Total orders
shipped (LTM in
thousands) (1),
(2) 2,065 2,055 (0.5%) 2,065 2,055 (0.5%)
Net sales EUR 233.6 EUR 242.5 3.8% EUR 617.7 EUR 667.2 8.0%
Gross profit EUR 101.3 EUR 108.5 7.2% EUR 278.7 EUR 310.8 11.5%
Gross profit
margin(3) 43.4% 44.8% 140 BPs 45.1% 46.6% 150 BPs
Operating loss EUR (2.1) EUR (5.4) (155.6%) EUR (20.4) EUR (38.0) (86.6%)
Operating loss
margin(3) (0.9%) (2.2%) (130 BPs) (3.3%) (5.7%) (240 BPs)
Net loss EUR (3.3) EUR (5.5) (65.4%) EUR (21.3) EUR (33.7) (58.2%)
Net loss margin(3) (1.4%) (2.3%) (90 BPs) (3.4%) (5.1%) (170 BPs)
Adjusted EBITDA(4) EUR 8.9 EUR 9.3 5.5% EUR 15.2 EUR 28.4 86.7%
Adjusted EBITDA
margin(3) 3.8% 3.9% 10 BPs 2.5% 4.3% 180 BPs
Adjusted Operating
income (4) EUR 5.0 EUR 5.5 9.7% EUR 4.1 EUR 16.6 303.2%
Adjusted Operating
income margin(3) 2.1% 2.3% 20 BPs 0.7% 2.5% 180 BPs
Adjusted Net income
(4) EUR 3.8 EUR 5.4 42.7% EUR 3.2 EUR 21.4 572.9%
Adjusted Net income
margin(3) 1.6% 2.2% 60 BPs 0.5% 3.2% 270 BPs
(1) Definition of GMV, Active customer and Total orders shipped can be
found on page 29 in 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 30 in our quarterly report.
LuxExperience B.V.
Financial Results and Key Operating Metrics
(Amounts in EUR millions)
The following tables set forth the reconciliations of net loss to EBITDA to adjusted
EBITDA, operating loss to adjusted operating income (loss) and net loss to adjusted net
income (loss), and their corresponding margins as a percentage of net sales:
Three Months Ended Nine Months Ended
------------------------------ --------------------------------
March 31, March 31, Change March 31, March 31, Change
2024 2025 in % 2024 2025 in %
--------- --------- -------- ---------- ---------- --------
(in millions)
(unaudited)
Net loss EUR (3.3) EUR (5.5) (65.4%) EUR (21.3) EUR (33.7) (58.2%)
Finance costs, net EUR 1.3 EUR 1.0 (24.4%) EUR 3.5 EUR 4.1 18.8%
Income tax benefit EUR (0.1) EUR (0.9) (973.5%) EUR (2.6) EUR (8.4) (230.6%)
Depreciation and
amortization EUR 3.9 EUR 3.9 0.2% EUR 11.1 EUR 14.9 34.4%
thereof
depreciation of
right-of use
assets EUR 2.4 EUR 2.4 0.5% EUR 7.1 EUR 7.2 1.7%
thereof impairment
loss on property &
equipment (3) - - N/A - EUR 3.1 N/A
EBITDA EUR 1.8 EUR (1.5) (186.8%) EUR (9.2) EUR (23.1) (149.3%)
Other
transaction-related,
certain legal and
other expenses (1) EUR 4.1 EUR 7.4 79.2% EUR 10.2 EUR 38.3 277.4%
Share-based
compensation (2) EUR 3.0 EUR 3.5 17.7% EUR 14.3 EUR 13.2 (8.1%)
Adjusted EBITDA EUR 8.9 EUR 9.3 5.5% EUR 15.2 EUR 28.4 86.7%
Reconciliation to
Adjusted EBITDA Margin
Net sales EUR 233.6 EUR 242.5 3.8% EUR 617.7 EUR 667.2 8.0%
Adjusted EBITDA margin 3.8% 3.9% 10 BPs 2.5% 4.3% 180 BPs
Three Months Ended Nine Months Ended
------------------------------ -------------------------------
March 31, March 31, Change March 31, March 31, Change
2024 2025 in % 2024 2025 in %
--------- --------- -------- ---------- ---------- -------
(in millions)
(unaudited)
Operating loss EUR (2.1) EUR (5.4) (155.6%) EUR (20.4) EUR (38.0) (86.6%)
Other
transaction-related,
certain legal and
other expenses (1) EUR 4.1 EUR 7.4 79.2% EUR 10.2 EUR 38.3 277.4%
Share-based
compensation (2) EUR 3.0 EUR 3.5 17.7% EUR 14.3 EUR 13.2 (8.1%)
Impairment loss on
property & equipment
(3) - - N/A - EUR 3.1 N/A
Adjusted Operating
income (loss) EUR 5.0 EUR 5.5 9.7% EUR 4.1 EUR 16.6 303.2%
Reconciliation to
Adjusted Operating
income margin
Net sales EUR 233.6 EUR 242.5 3.8% EUR 617.7 EUR 667.2 8.0%
Adjusted Operating
income margin 2.1% 2.3% 20 BPs 0.7% 2.5% 180 BPs
Three Months Ended Nine Months Ended
----------------------------- -------------------------------
March 31, March 31, Change March 31, March 31, Change
2024 2025 in % 2024 2025 in %
--------- --------- ------- ---------- ---------- -------
(in millions)
(unaudited)
Net loss EUR (3.3) EUR (5.5) (65.4%) EUR (21.3) EUR (33.7) (58.2%)
Other
transaction-related,
certain legal and
other expenses (1) EUR 4.1 EUR 7.4 79.2% EUR 10.2 EUR 38.8 282.3%
Share-based
compensation (2) EUR 3.0 EUR 3.5 17.7% EUR 14.3 EUR 13.2 (8.1%)
Impairment loss on
property & equipment
(3) - - N/A - EUR 3.1 N/A
Adjusted Net income EUR 3.8 EUR 5.4 42.7% EUR 3.2 EUR 21.4 572.9%
Reconciliation to
Adjusted Net income
Margin
Net sales EUR 233.6 EUR 242.5 3.8% EUR 617.7 EUR 667.2 8.0%
Adjusted Net income
margin 1.6% 2.2% 60 BPs 0.5% 3.2% 270 BPs
(1) Other transaction-related, certain legal and other expenses
represent (i) professional fees, including advisory and accounting
fees, related to potential & completed transactions, (ii) certain
legal and other expenses incurred outside the ordinary course of
our business, (iii) other non-recurring expenses incurred in
connection with the costs of closing distribution center in
Heimstetten, Germany and (iv) finance costs in the form of RCF
amendment fees (applicable only to adjusted net income
reconciliation).
(2) Certain members of management and supervisory board members have
been 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 includes
both share-based compensation expense connected to the IPO and
share-based compensation expense recognized in connection with
grants under the Long-Term Incentive Plan $(LTI.UK)$ for the
LuxExperience Group key management members and share-based
compensation expense due to Supervisory Board Members Plans. We do
not consider share-based compensation expense to be indicative of
our core operating performance. For further information about how
we calculate these measures and limitations of its use, see page 29
& page 30 in our quarterly report.
(3) Included in depreciation and amortization is an impairment loss
recognized, in accordance with IAS 36, on property plant and
equipment utilized in the Heimstetten distribution center, which
was closed in August 2024.
LuxExperience B.V. Unaudited Condensed Consolidated Statements of Profit & Loss
and Comprehensive Income (Amounts in EUR thousands, except share and per share
data)
Three Months Ended Nine Months Ended
---------------------- --------------------------
March 31, March 31, March 31,
(in EUR thousands) 2024 2025 2024 March 31, 2025
-------------------- ---------- ---------- ---------- --------------
Net sales 233,568 242,508 617,664 667,194
Cost of sales, exclusive of
depreciation and
amortization (132,290) (133,976) (338,964) (356,443)
---------- ---------- ---------- --------------
Gross profit 101,277 108,532 278,700 310,751
Shipping and payment cost (39,296) (36,613) (100,121) (99,671)
Marketing expenses (23,090) (26,525) (70,247) (81,594)
Selling, general and
administrative expenses (37,124) (44,890) (117,563) (149,628)
Depreciation and
amortization (3,885) (3,892) (11,124) (14,949)
Other income (expense), net 12 (2,035) (1) (2,916)
---------- ---------- ---------- --------------
Operating loss (2,106) (5,422) (20,355) (38,006)
Finance income 2 0 3 (0)
Finance costs (1,285) (969) (3,491) (4,143)
Finance costs, net (1,283) (969) (3,488) (4,143)
---------- ---------- ---------- --------------
Loss before income taxes (3,389) (6,391) (23,843) (42,149)
Income tax (expense)
benefit 69 898 2,537 8,445
---------- ---------- ---------- --------------
Net loss (3,320) (5,493) (21,307) (33,704)
Cash Flow Hedge (287) 2,807 (482) (371)
Income Taxes related to
Cash Flow Hedge 80 (783) 134 104
Foreign currency
translation 21 21 (12) 39
Other comprehensive income
(loss) (186) 2,044 $(360.AU)$ (229)
---------- ---------- ---------- --------------
Comprehensive loss (3,506) (3,449) (21,666) (33,933)
========== ========== ========== ==============
Basic & diluted
earnings per share EUR EUR (0.04) EUR (0.06) EUR (0.25) EUR (0.39)
Weighted average ordinary
shares outstanding (basic
and diluted) -- in
millions (1) (basic and
diluted) -- in millions 86.8 87.4 86.8 87.3
(1) 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 15 in our
quarterly report.
LuxExperience B.V.
Unaudited Condensed Consolidated Statements of Financial Position
(Amounts in EUR thousands)
(in EUR thousands) June 30, 2024 March 31, 2025
--------------------------------------- ------------- --------------
Assets
Non-current assets
Intangible assets and goodwill 154,951 155,259
Property and equipment 43,653 37,892
Right-of-use assets 45,468 40,493
Deferred tax assets 1,999 9,395
Other non-current assets 7,572 7,573
------------- --------------
Total non-current assets 253,643 250,612
------------- --------------
Current assets
Inventories 370,635 372,823
Trade and other receivables 11,819 13,607
Other assets 45,306 45,263
Cash and cash equivalents 15,107 14,240
------------- --------------
Total current assets 442,867 445,934
------------- --------------
Total assets 696,511 696,546
============= ==============
Shareholders' equity and liabilities
Subscribed capital 1 1
Capital reserve 546,913 561,150
Accumulated Deficit (112,767) (146,471)
Accumulated other comprehensive income 1,496 1,268
------------- --------------
Total shareholders' equity 435,643 415,948
------------- --------------
Non-current liabilities
Provisions 2,789 2,909
Lease liabilities 40,483 37,094
Deferred tax liabilities 11 63
------------- --------------
Total non-current liabilities 43,282 40,066
------------- --------------
Current liabilities
Borrowings - 25,000
Tax liabilities 10,643 466
Lease liabilities 9,282 7,929
Contract liabilities 17,104 21,011
Trade and other payables 85,322 69,712
Other liabilities 95,235 116,415
------------- --------------
Total current liabilities 217,585 240,532
------------- --------------
Total liabilities 260,867 280,598
------------- --------------
Total shareholders' equity and
liabilities 696,511 696,546
============= ==============
LuxExperience B.V.
Unaudited Condensed Consolidated Statements of Changes in Equity
(Amounts in EUR thousands)
Foreign
currency Total
Subscribed Capital Accumulated Hedging translation shareholders'
(in EUR thousands) capital reserve deficit reserve reserve equity
------------------- ---------- ------- ----------- ------- ----------- ---------------
Balance as of July
1, 2023 1 529,775 (87,856) - 1,509 443,429
Net loss - - (21,307) - - (21,307)
Other comprehensive
income - - - (347) (12) (360)
---------- ------- ----------- ------- ----------- ---------------
Comprehensive loss - - (21,307) (347) (12) (21,666)
Share-based
compensation - 14,321 - - - 14,321
---------- ------- ----------- ------- ----------- ---------------
Balance as of March
31, 2024 1 544,096 (109,163) (347) 1,496 436,083
---------- ------- ----------- ------- ----------- ---------------
Balance as of July
1, 2024 1 546,913 (112,767) - 1,496 435,643
Net loss - - (33,704) - - (33,704)
Other comprehensive
loss - - - (268) 39 (229)
---------- ------- ----------- ------- ----------- ---------------
Comprehensive loss - - (33,704) (268) 39 (33,933)
Exercise of share
options 1,148 1,148
Reclassification due
to cash settlement
of share-based
compensation (66) (66)
Share-based
compensation - 13,155 - - - 13,155
---------- ------- ----------- ------- ----------- ---------------
Balance as of March
31, 2025 1 561,150 (146,471) (268) 1,535 415,948
========== ======= =========== ======= =========== ===============
LuxExperience B.V.
Unaudited Condensed Consolidated Statements of Cash Flows
(Amounts in EUR thousands)
Nine months ended March 31,
-----------------------------
(in EUR thousands) 2024 2025
--------------------------------------- -------------- -------------
Net loss (21,307) (33,704)
Adjustments for
Depreciation and amortization 11,124 14,949
Finance costs, net 3,488 4,143
Share-based compensation 14,184 13,155
Income tax benefit (2,537) (8,445)
Change in operating assets and
liabilities
Increase in inventories (4,396) (2,188)
Decrease (increase) in trade and other
receivables (6,455) (1,964)
Decrease in other assets 5,013 3,084
Increase in other liabilities 11,376 20,757
(Decrease) increase in contract
liabilities (1,359) 3,907
(Decrease) increase in trade and other
payables (21,171) (15,600)
Income taxes paid (14,349) (11,975)
-------------- -------------
Net cash used in operating activities (26,389) (13,881)
-------------- -------------
Expenditure for property and equipment
and intangible assets (9,411) (2,261)
-------------- -------------
Net cash (used in) investing activities (9,411) (2,261)
-------------- -------------
Interest paid (4,133) (3,993)
Proceeds from borrowings 26,066 25,000
Proceeds from exercise of share options 1,148
Cash settlement of share-based
compensation - (66)
Payment of lease liabilities (5,703) (6,882)
-------------- -------------
Net cash inflow (outflow) from financing
activities 16,230 15,208
============== =============
Net decrease in cash and cash equivalents (19,570) (934)
-------------- -------------
Cash and cash equivalents at the
beginning of the period 30,136 15,107
-------------- -------------
Effects of exchange rate changes on cash
and cash equivalents 21 68
-------------- -------------
Cash and cash equivalents at end of the
period 10,587 14,240
============== =============
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CONTACT: Investor Relations Contact
LuxExperience B.V.
Stefanie Muenz
phone: +49 89 127695-1919
email: investors@luxexperience.com
Media Contact for public relations
Sandra Romano
mobile: +49 152 54725178
email: sandra.romano@mytheresa.com
Media Contact for business press
Lisa Schulz
mobile: +49 151 11216490
email: lisa.schulz@luxexperience.com
(END) Dow Jones Newswires
May 14, 2025 06:00 ET (10:00 GMT)
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