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Mar 31
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Myt Netherlands Q3 2025 Earnings Report
achieved 4% net sales growth and improved margins despite a net loss in a challenging market
Key Takeaways
Myt Netherlands (LuxExperience B.V.) reported €242.5M in revenue for Q3 FY25 with solid year-over-year growth and a gross profit margin of 44.8%. While the company posted a net loss of €5.5M, it maintained positive adjusted EBITDA and strengthened profitability metrics, reaffirming guidance amidst macroeconomic headwinds.
Net sales increased 3.8% year-over-year to €242.5M
Adjusted EBITDA improved to €9.3M with a margin of 3.9%
Gross profit margin expanded to 44.8%, up 140bps YoY
Net loss widened to €5.5M, reflecting continued investment and one-time expenses
Myt Netherlands
Myt Netherlands
Forward Guidance
The company expects FY25 growth to hit the lower end of its 7%-13% guidance for GMV and net sales, while confirming adjusted EBITDA margin guidance of 3%-5%.
Positive Outlook
- Confirmed FY25 EBITDA margin guidance of 3% to 5%
- GMV per top customer increased 17.9% YoY
- Successful acquisition of YOOX NET-A-PORTER completed in April
- Strong strategic brand partnerships launched
- Operational cash flow of €18.7M in Q3 FY25
Challenges Ahead
- Net loss of €5.5M in Q3 despite revenue growth
- Operating loss expanded to €5.4M
- Active customer base declined 2.9% YoY
- Inventory levels increased slightly
- Integration of YNAP expected to contribute adjusted EBITDA loss of €20M–€30M in FY25