LuxExperience: Mytheresa reports double-digit growth in first quarter

Mytheresa‘s parent company LuxExperience has released its financial results for the first quarter, which ended on 30 September. The Munich-based luxury platform delivered double-digit growth. By contrast, sister platforms YNAP and Mr Porter posted losses.

CEO Michael Kliger nevertheless expressed strong satisfaction: “Mytheresa continues to demonstrate our ability to deliver strong growth and high profitability despite persistent macroeconomic headwinds,” while Net-a-Porter and Mr Porter were showing “clear signs of an economic turnaround.”

Kliger announced a return to growth and profitability after many years of decline. In the off-price segment, the company is pursuing the anticipated transformation and has made a strong start.

The group is “in the perfect position to benefit from the continued growth of the digital luxury market and the ongoing consolidation in this sector,” the CEO continued.

Mytheresa recorded GMV growth of 13.5% to 245.9 million euros in the first quarter of 2026, while net sales increased by 12.2% year-on-year to 226.3 million euros. Adjusted EBITDA rose from 2.9 million euros in the same period of the previous year to 7.9 million euros. The adjusted margin reached 3.5%, up from 1.4% in the same period of the previous year.

Meanwhile, Net-a-Porter and Mr Porter saw GMV decline. Gross merchandise volume fell by 10.8% to 224.5 million euros, and net sales decreased by 10.8% to 212.3 million euros, compared with 238.1 million euros in the same quarter of the previous year.