Q2 sales increased by 32.9% year-on-year, Mysteresa is on the rise!

According to foreign media reports, the newly listed German online luxury group Mytheresa announced that its sales in the second quarter of fiscal year 2021 increased by 32.9% year-on-year as it took advantage of the digital transformation boom brought about by the global pandemic.

"The strong results for the second quarter of fiscal 2021 confirm the success of our strategy and unique business model , even taking into account the clear headwinds from the COVID pandemic," said Mytheresa CEO Michael Kliger.

It is reported that Mytheresa focuses on inspiration and innovation. It focuses on high-end luxury customers, provides complete services and cutting-edge technologies , as well as first-class internal management service experience .

In the quarter ended December 31, 2020 , Mytheresa achieved net sales of 158.6 million euros and adjusted net profit of 14.8 million euros, compared with just 6.4 million euros in the same period last year.

During the same period, the number of active customers on the Mytheresa platform also increased by 28.2% year-on-year to 569,000 . During this period , the number of first-time buyers on the platform exceeded 100,000 , setting a new record high.

In the six months to the end of December last year , Mytheresa achieved a year-on-year increase in net sales of 30.4 % to 285 million euros, and adjusted net profit reached 20.1 million euros, compared with 10 million euros in the same period last year.

With strong growth, Mytheresa has successfully gone public. In January this year , Mytheresa was successfully listed on the New York Stock Exchange with a market value of US$2.2 billion . After the listing, Mytheresa 's strength and development momentum have become even stronger.

Regarding Mytheresa 's development goals for 2021 , CEO Michael Kliger said: " We are committed to acquiring and retaining the best customer base in the market, which creates a reinforcing cycle of excellent brand relationships . This good brand relationship provides a premium customer value proposition, resulting in strong customer economics , which enables us to stick to our strategic focus. As a result, we will continue to achieve growth and profitability. "

Mytheresa sales are expected to be between 565 million euros and 580 million euros by the end of June 2021 , an increase of 26% to 29% ; adjusted EBIT should be between 45 million euros and 48 million euros, an increase of 27% to 36%.

Mysteresa

Q2

Germany