×
844
Fashion Jobs
HUGO BOSS
E-Commerce Operations & Logistics Manager
Permanent · London
VF INTERNATIONAL
Senior Credit Controller - Multibrand
Permanent · CALVERTON
EASTPAK
Credit Team Leader - Eastpak
Permanent · CALVERTON
HUGO BOSS
Buyer Emea
Permanent · London
ESTÉE LAUDER
Aveda - Omni National Account & Operations Executive
Permanent · London
ESTÉE LAUDER
Demand Planner - Supply Chain
Permanent · London
ESTÉE LAUDER
Director, International Business Development (Maternity Cover)
Permanent · London
PAUL SMITH
International Sales Executive
Permanent · LONDON
EASTPAK
Sales Manager
Permanent · LONDON
NEW BALANCE
Category Merchandising Manager Emea, Running Footwear
Permanent · Warrington
CONFIDENTIEL
Warehouse Area Manager
Permanent ·
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Art Director
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Bracknell - 11.5 Hours - Part Time, Permanent
Permanent · Bracknell
Translated by
Nicola Mira
Published
May 20, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

MyTheresa raises annual guidance after positive Q3

Translated by
Nicola Mira
Published
May 20, 2021

Fashion and luxury e-tailer ​MyTheresa recorded a 47.5% growth in sales, reaching €164.8 million, in the current financial year’s third quarter, closed at the end of January. The e-tailer’s revenue in the year’s first nine months was €449.7 million. This was equivalent to a solid 36.2% growth, leading MyTheresa to revise upwards the guidance for the financial year ending on June 30.


MyTheresa


MyTheresa is now forecasting an annual revenue between €600 million and €605 million, equivalent to a growth between 33% and 35% on an annual basis, while EBITDA is expected to improve by at least 9.1%, reaching approximately €55-59 million.

In the first nine months of the year, EBITDA was €43.7 million, well up from €20.3 million recorded a year earlier, while the profit margin rose to 9.7%, up from 6.2% the previous year.

“In Q3, the company was even able to accelerate its growth rate,” said General Manager Michael Kliger, adding that “we set a fresh record in terms of new buyers in the [third] quarter, and these new customers are showing higher-than-before repeat purchasing rates. Also, we are seeing a strong increase in spending by our top customers, who are beginning to return to pre-pandemic levels of activity, enjoying social events and holidays. We recorded robust growth in nearly all regions, especially in the USA, where we posted a sales rise in excess of 76%.”

The number of MyTheresa’s active customers increased by 24% on an annual basis, up to 621,000. And in Q3, the website posted a record growth in first-time buyers, whose number exceeded the Q2 record of over 100,000.

MyTheresa was launched in 2006, and in the 2020 financial year it reported a revenue of €449 million. The site is active in 133 countries, and in January it was listed on the New York Stock Exchange, with an IPO which valued MyTheresa at $2.2 billion. In April, the company put Heather Kaminetsky, a former vice-president at Net-a-Porter, in charge of its North America business, for which it has ambitious plans.
 

Copyright © 2021 FashionNetwork.com All rights reserved.