MYT Netherlands Parent B.V. Reports Strong Q4 Performance with Profitability Across Segments
LuxExperience, operating under MYT Netherlands Parent B.V., reported strong financial results for fiscal year 2026 and the fourth quarter of that period. Group gross merchandise value (GMV) grew by 2.9% at constant currency, while Q4 net sales increased 7.6%, with an adjusted EBITDA margin reaching 2.1%. This marked three consecutive quarters of profitability for the company. Mytheresa was a standout performer within LuxExperience’s portfolio, achieving fourth-quarter sales growth of 10.2% and full-year adjusted EBITDA that rose by 39.8%, hitting €62.3 million—a record high. U.S. sales surged by 39.3%. Other segments like NET-A-PORTER and MR PORTER also reached quarterly profitability, while YOOX significantly reduced its losses. Looking ahead to fiscal year 2027, the company expects mid-to-high single-digit group sales growth with an adjusted EBITDA margin of between 2%–3%. The strong balance sheet includes €442 million in cash and no bank debt. Management also received authorization for a potential ADR share repurchase program.
