LuxExperience BV (LUXE) shares jumped 5.90% in pre-market trading on Wednesday following the release of its fiscal first-quarter 2026 results, which showcased strong performance across its luxury segments, particularly Mytheresa.
The company reported impressive growth in its Luxury | Mytheresa segment, with Gross Merchandise Value (GMV) increasing by 13.5% to EUR245.9 million and Net Sales rising 12.2% to EUR226.3 million compared to the same period last year. Mytheresa's Adjusted EBITDA more than doubled to EUR7.9 million, with the margin expanding by 210 basis points to 3.5%. The segment also saw a 15.0% increase in GMV per top customer and a 10.7% rise in average order value to EUR797.
While the Luxury | NAP & MRP segment experienced a decline in GMV and Net Sales, it showed signs of improvement with a 4.0% increase in GMV per top customer. The company's ongoing transformation plan, including cost-reduction actions and the sale of assets powering THE OUTNET, appears to be progressing well. Despite challenges in some segments, investors seem encouraged by Mytheresa's strong performance and the company's strategic initiatives to drive growth in the luxury e-commerce market.
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