Q4 FY26 and Full FY26 Results: LuxExperience with strong +7.6% Net Sales growth ex-FX and improved Adjusted EBITDA profitability in Q4 FY26 now set for accelerated Top- and Bottom-Line growth in FY27

KEY HIGHLIGHTS Strong performance increase of LuxExperience1 with Net Sales +7.6% ex-FX (+6.1% reported at €653.6 million) in Q4 FY26 vs. Q4 FY25 and significantly improved Adjusted EBITDA margin at 2.1% in Q4 FY26 All segments with accelerated performance as Net Sales ex-FX grew by +10.2% for Mytheresa, +5.6% for NAP & MRP and +6.6% for YOOX in Q4 FY26 vs. Q4 FY 25 and all segments reported Adjusted EBITDA profitability improvements in Q4 FY26 Strong Customer Economics: Strong growth of GMV per Top Customer at Mytheresa (+4.8%) and NAP & MRP (+9.4%) in Q4 FY26 vs. Q4 FY25. In FY26, Top Customers represented 4.8% and 4.3% of customers, driving 48.4% and 49.1% of GMV at Mytheresa and NAP&MRP, respectively Transformation plan in full gear with Adjusted SG&A cost ratio decreasing in the course of FY 26 by 430bps from 21.9% in Q1, 19.1% in Q2 and 18.3% Q3 to 17.6% in Q4 FY26. In FY26, Acquisition-adjusted SG&A expenses2 decreased by €55 million, or -9.9% compared to FY25 Positive cash flow from operating activities in Q4 FY26 and strong net cash position above expectations: Cash and cash investments of €442.7 million and balance sheet bank debt-free at the end of Q4 FY26 Guidance for accelerated growth in FY27: LuxExperience expects strong top-line growth acceleration and significant profitability improvement with Net Sales to grow by +MSD% to +HSD% and an Adjusted EBITDA margin at around 2% to 3% in FY27 Authorization for share repurchase program: On September 3, 2026, management received the authorization for a share repurchase program of up to $50 million of ADRs MUNICH--(BUSINESS WIRE)--LuxExperience B.V. (NYSE:LUXE) (the “Company”), today announced its financial results for its fourth quarter and full year 2026 ended June 30, 2026. The leading luxury multi-brand digital platform reported strong top-line development in Q4 FY26 and continued profitability on Adjusted EBITDA level for the third consecutive quarter. In Q4 FY26, Mytheresa again outperformed the industry with double-digit Net Sales growth ex-FX and demonstrated increasing profitability. For the first time since the acquisition, NET-A-PORTER and MR PORTER combined delivered top-line growth in Q4 FY26 vs. Q4 FY25 and a positive Adj. EBITDA in Q4 FY26, driven by a strategic focus on full-price selling, customer engagement, and cost discipline. For Q4 FY26 vs. Q4 FY25, YOOX achieved positive top-line growth as a result of the strategic focus on the healthy core of the business with a leaner operating model. Michael Kliger, Chief Executive Officer of LuxExperience, said, “We are very pleased with our Q4 FY26 and full FY26 results. The results of Q4 FY26 underline the tremendous progress we have achieved in our transformation plan in just the last 12 months. Mytheresa again set the gold standard in the fourth quarter in terms of high growth and profitability. NET-A-PORTER and MR PORTER combined achieved a clear turnaround, also delivering topline growth and profitability. YOOX is in high gear to achieve the same, delivering a topline growth while losses were cut almost in half compared to Q4 FY25. We have proven that at LuxExperience we possess the secret sauce in digital luxury. The strength of our businesses is based on resilient business models and superior customer economics.” Kliger continued, “With the tremendous progress made in the past twelve months and the strong business momentum in Q4 of FY26, we are clearly on track to our medium-term targets of Group Net Sales of €4 billion and an Adjusted EBITDA margin of 7% to 9%. For full FY27, we expect accelerated topline growth and further increased Group Adjusted EBITDA margin. As a Group, we are perfectly positioned to benefit from the sustained growth of digital luxury and the improvements in the global luxury sector.” __________________________________________ 1 Basis of Presentation: (a) References to "LuxExperience" refers to LuxExperience B.V., including its consolidated subsidiaries." (b) Unless otherwise indicated, the financial and operating measures presented in this release are presented on a Total Segments basis. Total Segments represent the aggregate of the corresponding amounts for each of LuxExperience's reportable segments – Luxury Mytheresa, Luxury NAP & MRP, and Off-Price YOOX – and exclude "Other". (c) The comparative FY25 period is presented on an illustrated basis. For further information, please see "Illustrative key operating and financial metrics by segment" below. 2 Acquisition-adjusted SG&A expenses is Adjusted SG&A expenses further adjusted to include IT development expenses that were capitalized in the FY25 comparative period to enable a like for like comparison, as we discontinued this practice in FY26. In FY25, € 27.6 million were included for LuxExperience (€ 19.4 million can be attributed to NAP&MRP and € 8.2 million to YOOX). FINANCIAL HIGHLIGHTS FY 2026 Amounts in € million are reported figures unless stated otherwise. Illustrative and quarterly figures are unaudited. LUXEXPERIENCE (illustrative) Q4 FY26 Net Sales increased +7.6% ex-FX (+6.1% reported at €653.6 million) and FY26 Net Sales were up +3.2% ex-FX (-0.6% reported at €2,474.2 million) Adjusted SG&A cost ratio improved 430bps from 21.9% in Q1, 19.1% in Q2, and 18.3% in Q3 to 17.6% in Q4 FY26. For FY26, Acquisition-adjusted SG&A expenses decreased by €55 million or -9.9% compared to FY25 Third consecutive quarter of positive Adjusted EBITDA profitability, reaching €13.6 million and an Adjusted EBITDA margin of 2.1% in Q4 FY26. For FY26 vs. FY25, Acquisition-adjusted EBITDA3 significantly increased by +€63.8 million to €10.8 million, with an Acquisition-adjusted EBITDA margin increasing 260bps to 0.4% Cash flow from operating activities in FY26 was at €-108.4 million, significantly below the expected €-120 million Strong cash position with cash and cash investments of €442.7 million and balance sheet bank debt-free as of June 30, 2026 __________________________________________ 3 Acquisition-adjusted EBITDA is Adjusted EBITDA reflecting the effects of Acquisition-adjusted SG&A rather than Adjusted SG&A. LUXURY | MYTHERESA In Q4 FY26 vs. Q4 FY25, Net Sales increased +10.2% ex-FX (+8.1% reported at €269.2 million), driven by strong growth of +39.3% ex-FX in the United States (+30.3% reported). Strong double-digit Net Sales growth in FY26 of +11.5% ex-FX (+8.5% reported at €994.3 million) Q4 FY26 vs. Q4 FY25 Gross Profit margin increased 150bps to 49.7% and FY26 Gross Profit margin grew 150bps compared to FY25 to 48.5%, driven by persistent focus on full-price sales In Q4 FY26 vs. Q4 FY25, Adjusted EBITDA increased +10.9% or +€1.8 million to €17.9 million, with Adjusted EBITDA margin expanding 20bps to 6.6%. For FY26, strong adjusted EBITDA growth of +39.8% or +€17.7 million to €62.3 million, reaching an adjusted EBITDA margin of 6.3% compared to 4.9% in FY25 LUXURY | NAP & MRP (illustrative) In Q4 FY26 vs. Q4 FY25, Net Sales were up +5.6% ex-FX (+4.3% reported at €273.9 million), driven by strong growth in the United States of +15.1% ex-FX (+13.4% reported). For FY26, positive Net Sales growth of +0.5% ex-FX (-4.6% reported at €994.8 million) compared to FY25 Sequential improvement of Gross Profit Margin by 160bps to 48.3% in H2 FY26 compared to H1 FY26. For FY26, Gross Profit Margin increased by 170bps compared to FY25 to 47.5%, underlining focus on full-price sales and reduced discounting activities In Q4 FY26, the Adjusted SG&A cost ratio improved 500bps compared to Q4 FY25 to 19.5% reflecting clear progress of the transformation plan. For FY26 vs. FY25, Acquisition-adjusted SG&A costs decreased -11.0% or by -€29.8 million on an absolute basis, and Acquisition-adjusted SG&A cost ratio4 decreased 160bps to 23.1% Significantly improved Adjusted EBITDA in Q4 FY26 was up +€6.4 million compared to Q4 FY25 to reach €7.4 million, with Adjusted EBITDA margin expansion of 230bps to 2.7% in Q4 FY26. Sequential improvement of Adjusted EBITDA margin to 1.2% in H2 FY26 compared to -2.5% in H1 FY26 __________________________________________ 4 Acquisition-adjusted SG&A cost ratio is Acquisition-adjusted SG&A expenses as a % of GMV. OFF-PRICE | YOOX (illustrative) In Q4 FY26, Net Sales grew +6.6% ex-FX (+5.6% reported at €110.5 million), driven by continued growth in Europe (excluding the U.K.) of +22.7% reported compared to Q4 FY25 In H2 FY26, Acquisition-adjusted SG&A cost ratio improved significantly by 560bps from 29.4% in H2 FY25 to 23.8%. This equals absolute cost savings of €17.5 million or a decrease by -23.3% of Acquisition-adjusted SG&A expenses. Throughout FY26 the cost ratio improved sequentially by 440bps from 28.1% in H1 FY26 to 23.8% in H2 FY26 In Q4 FY26, Adjusted EBITDA margin improved significantly by 920bps to -10.5%. For FY26, Acquisition-adjusted EBITDA improved by +€34.7 million to -€45.5 million, with an Acquisition-adjusted EBITDA margin of -9.4% compared to -15.2% in FY25 KEY BUSINESS HIGHLIGHTS LUXEXPERIENCE Successful Go-live of new ERP system at NAP & MRP on July 1, 2026 following successful update at Mytheresa Rollout of Mytheresa invoicing solution to NAP & MRP Successful Go-live of new group-wide customer messaging system at NAP & MRP Rollout of Mytheresa customer service system to NAP & MRP and YOOX End of TSA to buyer of the OUTNET assets LUXURY | MYTHERESA 14 high-impact Top Customer activations and six true “money can’t buy” experiences, including Zimmermann in Lake Como, Dolce & Gabbana in Sardinia, and Brioni in Amalfi in Q4 FY26 Launch of 11 exclusive capsule collections and 4 exclusive pre-launches or exclusive styles campaigns in Q4 FY26; New launch of prestigious luxury brands Piaget and Fendi on Mytheresa Further increased customer economics in Q4 FY26: GMV per Top Customer up +4.8%, Top Customer count up +18.0% and Average Order Value (LTM) up 13.1% (reported) to €875 LUXURY | NAP & MRP(5) 36 editorial campaigns for exclusive brand and product launches with brands such as Chloe, Khaite, Carolina Herrera, Tom Ford, Brunello Cucinelli and Celine amongst others in Q4 FY26 11 unique EIP experiences at NET-A-PORTER with brand partners such as KHAITE, Chloé, Carolina Herrera, Gucci and Schiaparelli in the United States and Europe and 6 unique EIP experiences at MR PORTER with brand partners including Zegna and Ralph Lauren in Q4 FY26 Sequential growth in Top Customer count in Q4 FY26 vs. Q3 FY26 with +3.2%, alongside strong increase in GMV per Top Customer of +9.4% and increase of Average Order Value (AOV) LTM by +9.1% (reported) to €885 in Q4 FY26 vs. Q4 FY25 OFF-PRICE | YOOX(5) YOOX leveraged its 26th Anniversary to drive community engagement, consideration and new customer registrations through flagship community events in Milan and Forte dei Marmi and an integrated campaign Strong growth in GMV per top customer of +12.3% and significant increase of the Net Promoter Score by +1,520bps to 49.1 in Q4 FY26 vs. Q4 FY25 __________________________________________ 5 Comparative periods to April 23, 2025 are shown on an illustrative basis. GUIDANCE FY 2027 For the full fiscal year ending June 30, 2027, LuxExperience expects strong top-line growth acceleration and significant profitability improvement with Net Sales to grow by +MSD% to +HSD%; and Adjusted EBITDA margin at around 2% to 3% On a segment basis, we expect for the Luxury | Mytheresa segment continued top-line momentum with high single-digit to low double-digit net sales growth and profitability slightly above full FY26 levels. The Luxury | NAP & MRP is expected to grow its net sales at a mid-single-digit percentage rate, accompanied by a 100 to 200 basis point expansion in Adjusted EBITDA margin compared to full FY26. The Off-price | YOOX segment is anticipated to grow its net sales at a mid-single-digit percentage rate, with an Adjusted EBITDA margin expected to remain in the negative mid-single-digit range. LuxExperience reconfirms its medium-term annual growth rates of 10-15% and targets of €4 billion Net Sales with an underlying Adjusted EBITDA margin of 7% to 9%, expecting an annual 150 to 250bps increase in Adjusted EBITDA margin after FY27. The foregoing forward-looking statements reflect LuxExperience’s expectations as of today's date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially. LuxExperience does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements. AUTHORIZATION FOR SHARE REPURCHASE PROGRAM On September 3, 2026, management received the authorization for the repurchase of up to $50 million of our ADRs, which may be effected from time to time through accelerated share repurchase arrangements at such times, at such prices, and in such amounts as management may determine in its sole discretion, subject to market conditions, applicable legal and regulatory requirements, and other factors. The authorization does not obligate us to repurchase any ADRs or any particular amount and may be suspended, modified, or discontinued at any time without prior notice; there can be no assurance as to the timing, volume, or price of any repurchases, or that any repurchases will occur at all. CONFERENCE CALL AND WEBCAST INFORMATIONRead the full story here

Q4 FY26 and Full FY26 Results: LuxExperience with strong +7.6% Net Sales growth ex-FX and improved Adjusted EBITDA profitability in Q4 FY26 now set for accelerated Top- and Bottom-Line growth in FY27

Інші новини компанії