Mytheresa FY22 sales increase by 21.3%

Mytheresa, the luxury fashion ecommerce platform, reported that its gross merchandise value (GMV) was up 21.3% to €747.3 million (£650.2m) in FY22, despite difficult economic conditions.

In addition, net sales increased to €689.8 million (£599.8m), a 12.7% growth from €612.1 million (£532.2m) in fiscal year 2021.

EBITDA was also up 20.7% at €66.3 million (£57.6m) marking an EBITDA margin of 9.6% versus the prior year’s 9%.

The retailer has achieved solid and consistent growth throughout the pandemic and beyond with three-year GMV growth (FY19-FY22) up 97.1%, while Q4 in FY22 had shown an acceleration in growth against Q3.

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According to Mytheresa chief executive Michael Kliger, the company is well positioned to take advantage of the consumer shift to digital in the luxury market.

“Our strong financial results for fiscal year 2022, as well as for the fourth quarter, put us at the very top of performance of digital platforms,” Kliger said.

“The results prove the unique positioning and business model of Mytheresa. We showed strong growth and profitability against a backdrop of economic and geopolitical challenges.”

“We remain very confident that the high-end digital luxury sector combined with our superior business model will provide excellent results for our investors in the years to come. We will, of course, remain very agile in reacting to external developments and their potential impact on our business.”



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