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I reiterate my buy rating for MYT Netherlands Parent due to solid growth momentum and a well-executed strategy, expecting this trend to persist. MYTE's 1Q25 results showed 7.4% y/y revenue growth, beating adj EBITDA estimates with a margin expansion driven by improved gross margins and lower SG&A expenses. MYTE's strategy of unique events and exclusive collections for top customers led to significant growth, particularly in the US, indicating strong demand momentum.
MYT Netherlands Parent B.V. (NYSE:MYTE ) Q1 2025 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants Martin Beer - Chief Financial Officer Michael Kliger - Chief Executive Officer Conference Call Participants Katy Hallberg - TD Cowen Matthew Boss - JPMorgan Blake Anderson - Jefferies Operator Greetings and welcome to the Mytheresa First Quarter of Fiscal Year 2025 Earnings Conference Call.
MUNICH--(BUSINESS WIRE)--MYT Netherlands Parent B.V. (NYSE: MYTE) (“Mytheresa” or the “Company”) today announced financial results for its first quarter fiscal year 2025 ended September 30, 2024. The luxury multi-brand digital platform reported continued strong financial performance for the first quarter, with strong revenue growth and significantly improved profitability on adjusted EBITDA level as compared to last year with increased AOV, improved gross margin, reduced return rates and improv.
MUNICH--(BUSINESS WIRE)--MYT Netherlands Parent B.V. (NYSE:MYTE) (“Mytheresa”) today announced the date for the release of its first quarter fiscal year 2025 ended September 30, 2024 financial results. First Quarter Fiscal Year 2025 Earnings Call and Webcast Mytheresa will release first quarter fiscal year 2025 financial results before the U.S. market open on November 19, 2024. A conference call to discuss its results will follow at 8:00am Eastern Time that same day. Those wishing to participat.
Mytheresa just struck a deal to acquire Yoox Net-A-Porter (YNAP) from luxury powerhouse Richemont, owner of Cartier, Piaget, Chloé, Montblanc and more.
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 7 OCTOBER 2024 MYT Netherlands Parent B.V.
MUNICH & GENEVA, Switzerland--(BUSINESS WIRE)--Today, Mytheresa (NYSE:MYTE) and Richemont (SWX:CFR) announce that they have entered into binding agreements for the acquisition of 100% of the share capital of YNAP by Mytheresa. The transaction aims to create a leading, global, multi-brand digital luxury group offering a highly curated and strongly differentiated edit of the most prestigious luxury brands and products to luxury enthusiasts worldwide. Transaction Rationale Mytheresa and YNAP have.
For Mytheresa CEO Michael Kliger, there was no doubt about his company's performance during the fourth quarter and fiscal year. “We clearly see ourselves as a winner in the consolidated luxury space,” he told analysts and investors during the company's fourth-quarter and full-year earnings call on Thursday (Sept.
MYT Netherlands Parent B.V. (NYSE:MYTE ) Q4 2024 Earnings Conference Call September 12, 2024 8:00 AM ET Company Participants Martin Beer - CFO Michael Kliger - CEO Conference Call Participants Oliver Chen - TD Cowen Amanda Douglas - JP Morgan Blake Anderson - Jefferies Grace Smalley - Morgan Stanley Wendy Gao - CICC Operator Greetings, and welcome to the Mytheresa Fourth Quarter and Full Fiscal 2024 Earnings Conference Call.
MUNICH--(BUSINESS WIRE)--MYT Netherlands Parent B.V. (NYSE: MYTE) (“Mytheresa” or the “Company”) today announced financial results for its fourth quarter and full fiscal year 2024 ended June 30, 2024. The luxury multi-brand digital platform reported strong financial performance for the fourth quarter, driving significant improvement in the second-half year, delivering double-digit revenue growth and almost doubling of adjusted profitability despite ongoing uncertainties in the macro environment.