Mytheresa, the luxury e-commerce fashion retailer, has announced gross merchandise value (GMV) growth of 21 per cent to €747.3 million for its full fiscal year 2022.
The Munich-based company’s results showed gross profit growth of around 24 per cent for the 2022 fiscal year ended June 30, while adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by roughly 21 per cent to €66.3 million.
Net sales increase to €689.8 million – an around 13 per cent increase from €612.1 million in the fiscal year 2021.
Michael Kliger, chief executive of Mytheresa, said: “Our strong financial results for fiscal year 2022 puts us at the very top of performance of digital platforms.”
He continued: “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.”
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Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
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