Mytheresa Accelerates Growth in Q4 and Concludes the Full Fiscal Year With a GMV Growth of 21.3%, a Two-Year GMV Growth of 66.3% and a Record Profitability of 9.6% Adjusted EBITDA Margin

Munich, Germany:
 

• Strong full FY22 with 21.3% Gross Merchandise Value (GMV) progress to €747.3 million and an Adjusted EBITDA margin of 9.6% vs. 9.0% in the prior 12 months
• Top-line power evident by two-year GMV progress of 66.3% (FY22 vs FY20) and three-year GMV progress of 97.1% (FY22 vs FY19)
• Gross Profit progress at 24% for full FY22
• Full FY23 steering for GMV at 16% to 22% progress with a steady Adjusted EBITDA margin of 9.0% to 9.5% 

 

MYT Netherlands Parent B.V. (NYSE: MYTE) (“Mytheresa” or the “Company”), the father or mother firm of Mytheresa Group GmbH, in the present day introduced monetary outcomes for its fourth quarter and full fiscal 12 months 2022 ended June 30, 2022. The luxurious multi-brand digital platform delivered sturdy outcomes for the full fiscal 12 months and one other quarter of continued top-line progress with elevated profitability. Mytheresa sees itself completely positioned to take benefit of the ongoing shift to on-line of luxurious customers, the continued consolidation in the digital luxurious sector and the world market share enlargement alternatives.

 

Michael Kliger, Chief Executive Officer of Mytheresa, mentioned, “Our strong financial results for fiscal year 2022, as well as for the fourth quarter, put us at the very top of performance of digital platforms. The results prove the unique positioning and business model of Mytheresa. We showed strong growth and profitability against a backdrop of economic and geopolitical challenges. We remain very confident that the high-end digital luxury sector combined with our superior business model will provide excellent results for our investors in the years to come. We will, of course, remain very agile in reacting to external developments and their potential impact on our business.”

 

Kliger continued, “In the fourth quarter, our GMV growth accelerated from Q3, we saw above average GMV growth in the United States, where we strengthened our position as a top of mind shopping destination for luxury consumers. Customer engagement and retention continued to increase, which speaks to our unique positioning attracting a highly valuable multi-brand customer that appreciates our excellent service. We see ourselves as one of the few winners in the clearly consolidating luxury ecommerce space.”

 

FINANCIAL HIGHLIGHTS FOR THE FOURTH QUARTER ENDED JUNE 30, 2022

 

• GMV progress of 18.2% year-over-year to €196.7 million, in comparison with €166.4 million in the prior 12 months interval
• Net gross sales enhance of €12.5 million, or 7.7% year-over-year to €174.8 million slower than GMV because of deliberate transition of manufacturers to the Curated Platform Model (CPM) and the subsequent impact of recording the platform payment as Net Sales
• Gross Profit progress of 22.4%. Increase of 650 foundation factors in gross revenue margin to 54.2% in comparison with 47.7% in the prior 12 months interval, pushed by a rise in gross sales from CPM producing 100% gross margin
• Adjusted EBITDA progress of 22.7% to €13.8 million and enhance in adjusted EBITDA margin of 100 foundation factors to 7.9% in comparison with the earlier quarter
• Adjusted working revenue margin of 6.5%, in comparison with 5.6% in the prior 12 months interval
• Adjusted web revenue margin of 6.7%, in comparison with 4.7% in the prior 12 months interval

​

FINANCIAL HIGHLIGHTS FOR THE TWELVE MONTHS ENDED JUNE 30, 2022

 

• GMV progress of 21.3% to €747.3 million, in comparison with €616.1 million in fiscal 12 months 2021
• Net gross sales enhance to €689.8 million, a 12.7% progress from €612.1 in fiscal 12 months 2021
• Gross Profit progress of 23.7%. Increase of 460 foundation factors in gross revenue margin to 51.5% in comparison with 46.9% in the prior 12 months, pushed by a rise in gross sales from CPM producing 100% gross margin
• Adjusted EBITDA progress of 20.7% to €66.3 million and enhance in adjusted EBITDA margin of 60 foundation factors to 9.6% in comparison with the earlier fiscal 12 months
• Adjusted working revenue margin of 8.3%, in comparison with 7.6% in the earlier full fiscal 12 months
• Increase of 130 foundation factors in the adjusted web revenue margin to six.5% for the full fiscal 12 months 2022
• Net enhance in money and money equivalents in the twelve-month interval of €36.8 million

​

RECENT BUSINESS HIGHLIGHTS

 

Strong Global Expansion:

 

• Accelerated world GMV progress with +18.2% vs. Q4 FY21 and sturdy full FY22 progress with +21.3% vs. FY21 in addition to +66.3% vs. full FY20
• Above common GMV progress once more in the United States with +28.0% vs. Q4 FY21
• Record quantity of high-impact high buyer occasions held throughout Europe and the United States
• Successful launch of new LIFE class with dwelling décor and different life-style merchandise opening up future progress potential

 

Continued Brand Partnerships:

 

• Launch of file quantity of unique capsule collections and pre-launches in collaboration with Dolce & Gabbana, Dries van Noten, Pucci, Bottega Veneta, Gucci, Zimmermann, Valentino and many extra
• Digital pop up with Rimowa presenting the “Originals” in addition to world premiere of the new shade animation “Quartz”
• Continued roll-out with sturdy financials of the Curated Platform Model (CPM) with 6 manufacturers dwell

 

High-quality Customer Growth:

 

• LTM progress of lively clients of 16.4% reaching 781,000 clients
• Solid quantity of first-time patrons in Q4 FY22 with over 120,000 clients
• Repurchase charges of new buyer cohorts acquired in Q2 FY22 present optimistic pattern vs. Q2 FY21 cohort in Q4
• Strong progress of quantity of high clients with 22.1% in Q4 FY22 vs. Q4 FY21 in addition to a rise in common GMV per all clients of 5.8% in Q4 FY22 vs. Q4 FY21

 

Consistent Strong Operational Performance:

 

• Strong operational buyer advantages with the anticipated completion in FY24 of the new warehouse at Leipzig Airport, presently progressing based on plan
• Maintained very excessive buyer satisfaction with an industry-leading Net Promoter Score of 83.2% in Q4 FY22
• Achieved sturdy Gross Profit Margin with 54.2% in Q4 FY22 based mostly on continued give attention to full-price business and growing share of CPM producing 100% gross revenue
• All operational indicators confirmed in FY22 a wonderful stage of resilience and adaptability of the Mytheresa business mannequin regardless of difficult business situations

 

BUSINESS OUTLOOK

 

For the full fiscal 12 months ending June 30, 2023, we anticipate:

 

• GMV in the vary of €865 million to €910 million, representing a 16% to 22% progress
• Net Sales of €755 million to €800 million, representing 10% to 16% progress
• Gross revenue at €410 million to €435 million, representing a 16% to 22% progress
• Adjusted EBITDA in the vary of €68 million to €76 million and an Adjusted EBITDA margin of 9.0% to 9.5%

 

For the medium-term we verify our targets of annual GMV Growth of 22% to 25% in addition to a barely growing Adjusted EBITDA margin round 9% to 10%.

 

The foregoing forward-looking statements mirror Mytheresa’s expectations as of in the present day’s date. Given the quantity of threat components, uncertainties and assumptions mentioned under, precise outcomes could differ materially. Mytheresa doesn’t intend to replace its forward-looking statements till its subsequent quarterly outcomes announcement, aside from in publicly out there statements.

 

CONFERENCE CALL AND WEBCAST INFORMATION

 

Mytheresa will host a convention name to debate its fourth quarter and full fiscal 12 months 2022 monetary outcomes on September 15, 2022 at 8:00am Eastern Time. Those wishing to take part by way of webcast ought to entry the name by means of Mytheresa’s Investor Relations web site at https://investors.mytheresa.com. Those wishing to take part by way of the phone could dial in at +1 (844) 200-6205 (USA) or +1 (929) 526-1599 (International). The passcode might be 702246. A replay might be out there by way of webcast by means of Mytheresa’s Investor Relations web site. The phone replay might be out there from 11:00am Eastern Time on September 16, 2022, by means of September 22, 2022, by dialing +1 (866) 813-9403 (USA) or +44 204 525-0658 (International). The replay passcode might be 829670.

 

FORWARD LOOKING STATEMENTS

 

This press launch incorporates “forward-looking statements” inside the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, together with statements referring to the influence of the COVID-19 world pandemic; the influence of restrictions on use of identifiers for advertisers (IDFA); future gross sales, bills, and profitability; future growth and anticipated progress of our business and {industry}; our potential to execute our business mannequin and our business technique; having out there adequate money and borrowing capability to satisfy working capital, debt service and capital expenditure necessities for the subsequent twelve months; and projected capital spending. In some circumstances, you’ll be able to determine forward-looking statements by the following phrases: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or the adverse of these phrases or different comparable terminology, though not all forward-looking statements include these phrases. These statements are solely predictions. Actual occasions or outcomes could differ materially from these acknowledged or implied by these forward-looking statements. In evaluating these statements and our prospects, it is best to rigorously contemplate the components set forth under.

 

We undertake no obligation to replace any forward-looking statements made in this press launch to mirror occasions or circumstances after the date of this press launch or to mirror new info or the prevalence of unanticipated occasions, besides as required by regulation.

 

The achievement or success of the issues lined by such forward-looking statements includes identified and unknown dangers, uncertainties and assumptions. If any such dangers or uncertainties materialize or if any of the assumptions show incorrect, our outcomes might differ materially from the outcomes expressed or implied by the forward-looking statements we make.

 

You shouldn’t rely on forward-looking statements as predictions of future occasions. Forward-looking statements characterize our administration’s beliefs and assumptions solely as of the date such statements are made.

 

Further info on these and different components that might have an effect on our monetary outcomes is included in filings we make with the U.S. Securities and Exchange Commission (“SEC”) once in a while, together with the part titled “Risk Factors” included in the type 20-F filed on October 15, 2021 below Rule 424(b)(4) of the Securities Act. These paperwork can be found on the SEC’s web site at www.sec.gov and on the SEC Filings part of the Investor Relations part of our web site at: https://investors.mytheresa.com.

 

ABOUT NON-IFRS FINANCIAL MEASURES AND OPERATING METRICS

 

We assessment a quantity of working and monetary metrics, together with the following business and non-IFRS metrics, to judge our business, measure our efficiency, determine developments affecting our business, formulate business plans and make strategic choices. We current Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income and Adjusted EBITDA Margin in addition to Adjusted Operating Income Margin and Adjusted Net Income Margin as a result of they’re often utilized by analysts, traders and different events to judge firms in our {industry}. Further, we imagine these measures are useful in highlighting developments in our working outcomes, as a result of they exclude the influence of gadgets which are exterior the management of administration or not reflective of our ongoing operations and efficiency. Adjusted EBITDA, Adjusted Operating Income, and Adjusted Net Income have limitations, as a result of they exclude sure sorts of bills. We use Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income in addition to Adjusted EBITDA Margin, Adjusted Operating Income Margin and Adjusted Net Income Margin as supplemental info solely. You are inspired to judge every adjustment and the causes we contemplate it applicable for supplemental evaluation.

 

Our non-IFRS monetary measures embrace:

 

• Adjusted EBITDA is a non-IFRS monetary measure that we calculate as web revenue earlier than finance expense (web), taxes, and depreciation and amortization, adjusted to exclude IPO preparation and transaction prices, Other transaction-related, sure authorized and different bills and IPO-related share-based compensation bills. Adjusted EBITDA Margin is a non-IFRS measure which is calculated in relation to web gross sales.
• Adjusted Operating Income is a non-IFRS monetary measure that we calculate as working revenue, adjusted to exclude IPO preparation and transaction prices, Other transaction-related, sure authorized and different bills and IPO-related share-based compensation bills. Adjusted Operating Income Margin is a non-IFRS measure which is calculated in relation to web gross sales.
• Adjusted Net Income is a non-IFRS monetary measure that we calculate as web revenue, adjusted to exclude finance bills on our Shareholder Loans, IPO preparation and transaction prices, Other transaction-related, sure authorized and different bills, IPO-related share-based compensation bills and associated revenue tax results. Adjusted Net Income Margin is a non-IFRS measure which is calculated in relation to web gross sales.

 

We usually are not capable of forecast web revenue (loss) on a forward-looking foundation with out unreasonable efforts because of the excessive variability and problem in predicting sure gadgets that have an effect on web revenue (loss), together with, however not restricted to, Income taxes and Interest expense and, as a end result, are unable to supply a reconciliation to forecasted Adjusted EBITDA.

 

Gross Merchandise Value (GMV) is an operative measure and means the whole Euro worth of orders processed. GMV is inclusive of merchandise worth, transport and obligation. It is web of returns, worth added taxes, relevant gross sales taxes and cancellations. GMV doesn’t characterize income earned by us. We use GMV as an indicator for the utilization of our platform that isn’t influenced by the combine of direct gross sales and fee gross sales. The indicators we use to observe utilization of our platform embrace, amongst others, lively clients, whole orders shipped and GMV.

 

ABOUT MYTHERESA

 

Mytheresa is one of the main world luxurious style e-commerce platforms transport to over 130 international locations. Founded as a boutique in 1987, Mytheresa launched on-line in 2006 and gives ready-to-wear, footwear, luggage and equipment for womenswear, menswear and kidswear. In 2022, Mytheresa expanded its luxurious providing to dwelling décor and life-style merchandise with the launch of the class “LIFE”. The extremely curated edit of over 200 manufacturers focuses on true luxurious manufacturers comparable to Bottega Veneta, Burberry, Dolce&Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, Valentino, and many extra. Mytheresa’s distinctive digital expertise relies on a sharp give attention to high-end luxurious buyers, unique product and content material choices, main expertise and analytical platforms in addition to top quality service operations. The NYSE listed firm reported €612.1 million web gross sales (+36.2% vs. FY20) in its first fiscal 12 months as a public firm (https://investors.mytheresa.com).

 

Source: MYT Netherlands Parent B.V.

 

MYT Netherlands Parent B.V.

 

Financial Results and Key Operating Metrics

(Amounts in € hundreds of thousands)

 

	Three Months Ended									Twelve Months Ended
	June 30, 2021		June 30, 2022		Change in % / BPs						June 30, 2021		June 30, 2022		Change in % / BPs
(in hundreds of thousands)
Gross Merchandise Value (GMV)(1)	€ 166.4		€ 196.7		18.2%						€ 616.1		€ 747.3		21.3%
Active buyer (LTM in 1000’s)(1,2)	671		781		16.4%						671		781		16.4%
Total orders shipped (LTM in 1000’s)(1,2)	1,505		1,765		17.2%						1,505		1,765		17.2%
Net gross sales	€ 162.4		€ 174.8		7.7%						€ 612.1		€ 689.8		12.7%
Gross revenue	€ 77.4		€ 94.8		22.4%						€ 287.0		€ 355.0		23.7%
Gross revenue margin(3)	47.7%		54.2%		650 BPs						46.9%		51.5%		460 BPs
Adjusted EBITDA(4)	€ 11.2		€ 13.8		22.7%						€ 54.9		€ 66.3		20.7%
Adjusted EBITDA margin(3,4)	6.9%		7.9%		100 BPs						9.0%		9.6%		60 BPs
Adjusted Operating Income(4)	€ 9.1		€ 11.4		25.4%						€ 46.7		€ 57.2		22.6%
Adjusted Operating Income margin(3,4)	5.6%		6.5%		90 BPs						7.6%		8.3%		70 BPs
Adjusted Net Income(4)	€ 7.6		€ 11.8		55.1%						€ 32.1		€ 44.5		38.6%
Adjusted Net Income margin(3,4)	4.7%		6.7%		200 BPs						5.2%		6.5%		130 BPs

(1) Definition of GMV, Active buyer and Total orders shipped will be discovered on web page 62 in our Annual Report.

(2) Active clients and whole orders shipped are calculated based mostly on orders shipped from our websites throughout the final twelve months (LTM) ended on the final day of the interval offered.

(3) As a share of web gross sales.

(4) Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income and Adjusted EBITDA Margin, Adjusted Operating Margin and Adjusted Net Income Margin are measures not outlined below IFRS. For additional details about how we calculate these measures and limitations of its use, see the following pages.

 

MYT Netherlands Parent B.V.

 

Financial Results and Key Operating Metrics

(Amounts in € hundreds of thousands)

 

The following tables set forth the reconciliations of web revenue to EBITDA and adjusted EBITDA, working revenue to adjusted working revenue and web revenue to adjusted web revenue:

 

	Three Months Ended										Twelve Months Ended
	June 30, 2021		June 30, 2022		Change in %					June 30, 2021			June 30, 2022		Change in %
(in hundreds of thousands)
Net revenue	€ (8.0)		€ 1.6		(120.6%)					€ (32.6)			€ (7.9)		(75.8%)
Finance bills, web	€ (0.3)		€ 0.3		(191.5%)					€ (15.1)			€ 1.0		(106.6%)
Income tax expense	€ 2.1		€ (0.7)		(133.0%)					€ 15.5			€ 11.7		(24.5%)
Depreciation and amortization	€ 2.1		€ 2.4		11.0%					€ 8.2			€ 9.1		10.4%
thereof depreciation of right-of use property	€ 1.3		€ 1.5		14.5%					€ 5.2			€ 5.7		8.3%
EBITDA	€ (4.1)		€ 3.6		(188.0%)					€ (23.9)			€ 13.9		(158.2%)
IPO preparation and transaction   prices(1)	€ 0.0		€ 0.0		N/A					€ 7.0			€ 0.0		(100.0%)
Other transaction-related, sure   authorized and different bills(2)	€ 0.0		€ 1.2		N/A					€ 0.0			€ 2.5		N/A
IPO associated share-based   compensation	€ 15.3		€ 9.0		(41.4%)					€ 71.9			€ 49.9		(30.6%)
Adjusted EBITDA	€ 11.2		€ 13.8		22.7%					€ 54.9			€ 66.3		20.7%
Reconciliation to Adjusted EBITDA Margin
Net Sales	€ 162.4		€ 174.8		7.7%					€ 612.1			€ 689.8		12.7%
Adjusted EBITDA Margin	6.9%		7.9%		100 BPs					9.0%			9.6%		60 BPs

	Three Months Ended							Twelve Months Ended
	June 30, 2021		June 30, 2022		Change in %			June 30, 2021		June 30, 2022		Change in %
(in hundreds of thousands)
Operating Income	€ (6.2)		€ 1.3		(120.2%)			€ (32.2)		€ 4.8		(115.0%)
IPO preparation and transaction   prices(1)	€ 0.0		€ 0.0		N/A			€ 7.0		€ 0.0		(100.0%)
Other transaction-related,   sure authorized and different bills(2)	€ 0.0		€ 1.2		N/A			€ 0.0		€ 2.5		N/A
IPO associated share-based   compensation)	€ 15.3		€ 9.0		(41.4%)			€ 71.9		€ 49.9		(30.6%)
Adjusted Operating Income	€ 9.1		€ 11.4		25.4%			€ 46.7		€ 57.2		22.6%
Reconciliation to Adjusted Operating Income Margin
Net Sales	€ 162.4		€ 174.8		7.7%			€ 612.1		€ 689.8		12.7%
Adjusted Operating Income Margin	5.6%		6.5%		90 BPs			7.6%		8.3%		70 BPs

	Three Months Ended							Twelve Months Ended
	June 30, 2021		June 30, 2022		Change in %			June 30, 2021		June 30, 2022		Change in %
(in hundreds of thousands)
Net Income	€ (8.0)		€ 1.6		(120.6%)			€ (32.6)		€ (7.9)		(75.8%)
IPO preparation and transaction   prices(1)	€ 0.0		€ 0.0		N/A			€ 7.0		€ 0.0		(100.0%)
Other transaction-related, sure   authorized and different bills(2)	€ 0.0		€ 1.2		N/A			€ 0.0		€ 2.5		N/A
IPO associated share-based   compensation (3)	€ 15.3		€ 9.0		(41.4%)			€ 71.9		€ 49.9		(30.6%)
Finance bills on shareholder   loans(4)	€ (0.3)		€ 0.0		(100.0%)			€ (16.2)		€ 0.0		(100.0%)
Income tax impact(5)	€ 0.5		€ 0.0		(100.0%)			€ 2.1		€ 0.0		(100.0%)
Adjusted Net Income	€ 7.6		€ 11.8		55.1%			€ 32.1		€ 44.5		38.6%
Reconciliation to Adjusted Net Income Margin
Net Sales	€ 162.4		€ 174.8		7.7%			€ 612.1		€ 689.8		12.7%
Adjusted Net Income Margin	4.7%		6.7%		200 BPs			5.2%		6.5%		130 BPs

(1) Represents non-recurring skilled charges, together with consulting, authorized and accounting charges, associated to our deliberate preliminary public providing (“IPO”), that are categorised inside promoting, basic and administrative bills.

(2) Other transaction-related, sure authorized and different bills represents (i) skilled charges, together with advisory and accounting charges, associated to potential transactions, (ii) sure authorized bills incurred exterior the extraordinary course of our business and (iii) different non-recurring bills incurred in reference to the prices of establishing our new central warehouse in Leipzig, Germany.

(3) In fiscal 2021, with the efficient IPO, sure key administration personnel acquired a one-time granted share-based compensation, for which the share-based compensation expense might be acknowledged upon outlined vesting schedules in the future durations, together with €49.9 million for fiscal 2022. We don’t contemplate these bills to be indicative of our core working efficiency.

(4) Our Adjusted Net Income excludes finance bills related to our Shareholder Loans, which we don’t contemplate to be indicative of our core efficiency. We didn’t obtain any money proceeds below the Shareholder Loans, which originated as half of the Neiman Marcus acquisition in 2014. In January 2021, we repaid our Shareholder Loans (principal plus excellent curiosity) utilizing a portion of the web proceeds from our preliminary public providing.

(5) Reflects changes to historic revenue tax expense to mirror adjustments in taxable revenue for every of the durations offered because of adjustments in finance bills associated to the Shareholder Loans, assuming a statutory tax fee of 27.8%.

 

MYT Netherlands Parent B.V.

 

Consolidated Statements of Profit or Loss and Comprehensive Income

(Amounts in € 1000’s, besides share and per share knowledge)

 

(in € 1000’s)		Three Months Ended							Twelve Months Ended
		June 30, 2021		June 30, 2022				June 30, 2021			June 30, 2022
Gross Merchandise Value (GMV)		166,395		196,654				616,123			747,277
Net gross sales		162,368		174,836				612,096			689,750
Cost of gross sales, unique of depreciation and amortization	(84,939)					(80,042)			(325,053)			(334,758)
Gross revenue		77,429		94,794				287,043			354,992
Shipping and fee value		(19,535)		(27,075)				(71,466)			(97,697)
Marketing bills		(22,326)		(26,558)				(81,558)			(96,093)
Selling, basic and administrative bills		(39,449)		(36,820)				(157,151)			(148,172)
Depreciation and amortization		(2,125)		(2,360)				(8,232)			(9,088)
Other expense, web		(231)		(721)				(799)			892
Operating revenue		(6,237)		1,261				(32,162)			4,834
Finance revenue		459		0				22,416			0
Finance prices		(135)		(296)				(7,325)			(998)
Finance revenue (prices), web		324		(296)				15,091			(998)
Income (loss) earlier than revenue taxes		(5,913)		965				(17,070)			3,836
Income tax (expense) revenue		(2,070)		683				(15,534)			(11,734)
Net revenue (loss)		(7,983)		1,648				(32,604)			(7,898)
Cash Flow Hedge		43		1,721				–			–
Income Taxes associated to Cash Flow Hedge		20		(479)				–			–
Foreign foreign money translation		–		(35)				–			(74)
Other complete revenue (loss)		63		1,207				–			(74)
Comprehensive revenue (loss)		(7,920)		2,855				(32,604)			(7,972)
Basic earnings per share in €		(0.09)		0.02				(0.42)			(0.09)
Weighted common extraordinary shares excellent (primary & diluted) – in hundreds of thousands	86.3				86.4				77.4			86.3

MYT Netherlands Parent B.V.

 

Consolidated Statements of Financial Position

(Amounts in € 1000’s)

 

(in € 1000’s)		June 30, 2021		June 30, 2022
Assets
Non-current property
Non-current monetary property		175		294
Intangible property and goodwill		155,611		155,223
Property and gear, web		8,810		17,691
Right-of-use property		14,009		21,677
Deferred tax property		–		6,090
Total non-current property		178,606		200,975
Current property
Inventories		247,054		230,144
Trade and different receivables		5,030		8,276
Other property		14,492		61,874
Cash and money equivalents		76,760		113,507
Total present property		343,335		413,801
Total property		521,941		614,776
Shareholders’ fairness and liabilities
Subscribed capital		1		1
Capital reserve		444,951		498,872
Accumulated Deficit		(60,837)		(68,734)
Other complete revenue		1,602		1,528
Total shareholders’ fairness		385,718		431,667
Non-current liabilities
Provisions		717		758
Lease liabilities		8,786		16,817
Deferred tax liabilities		2,308		3,661
Total non-current liabilities		11,811		21,237
Current liabilities
Tax liabilities		14,293		25,892
Lease liabilities		5,361		5,189
Contract liabilities		10,975		10,746
Trade and different payables		43,558		45,156
Other liabilities		50,225		74,889
Total present liabilities		124,412		161,872
Total liabilities		136,223		183,109
Total shareholders’ fairness and liabilities		521,941		614,776

MYT Netherlands Parent B.V.

 

Consolidated Statements of Changes in Equity

(Amounts in € 1000’s)

 

(in € 1000’s)			Subscribed capital		Capital reserve		Accumulated deficit		Foreign foreign money translation reserve		Total shareholders’ fairness
Balance as of July 1, 2020			1		91,008		(28,234)		1,602		64,377
Net loss			–		–		(32,604)		–		(32,604)
Other complete revenue			–		–		–		–		–
Comprehensive loss			–		–		(32,604)		–		(32,604)
Capital enhance – preliminary public providing			–		283,224		–		–		283,224
IPO associated transaction prices			–		(4,550)		–		–		(4,550)
Share-based compensation			–		75,270		–		–		75,270
Balance as of June 30, 2021			1		444,951		(60,837)		1,602		385,718
Balance as of July 1, 2021			1		444,951		(60,837)		1,602		385,718
Net loss			–		–		(7,898)		–		(7,898)
Other complete revenue			–		–		–		(74)		(74)
Comprehensive loss			–		–		(7,898)		(74)		(7,972)
IPO associated transaction prices			–		1,249		–		–		1,249
Share choices exercised			–		369		–		–		369
Share-based compensation			–		52,303		–		–		52,303
Balance as of June 30, 2022			1		498,872		(68,734)		1,528		431,667

MYT Netherlands Parent B.V.

 

Consolidated Statements of Cash Flows

(Amounts in € 1000’s)

 

	Year ended June 30,
(in € 1000’s)			2021		2022
Net revenue (loss)			(32,604)		(7,898)
Adjustments for
Depreciation and amortization			8,232		9,088
Finance (revenue) prices, web			(15,091)		998
Share-based compensation			75,270		52,303
Income tax expense			15,534		11,734
Change in working property and liabilities
(Decrease) enhance in provisions			135		41
(Increase) lower in inventories			(77,922)		16,910
(Increase) lower in commerce and different receivables			(215)		(3,246)
Decrease (enhance) in different property			4,281		(47,382)
(Decrease) enhance in different liabilities			(1,809)		24,665
Increase (lower) in contract liabilities			4,217		(229)
Increase (lower) in commerce and different payables			7,400		1,598
Decrease (enhance) in non-current monetary property			–		(119)
Income taxes paid			(3,915)		(3,623)
Net money offered by (used in) working actions			(16,486)		54,840
Expenditure for property and gear and intangible property			(2,934)		(11,923)
Proceeds from sale of property and gear			40		–
Net money (used in) investing actions			(2,894)		(11,923)
Interest paid			(4,257)		(998)
Proceeds from financial institution liabilities			64,990		–
Repayment of liabilities from banks			(74,990)		–
Repayment of Shareholder mortgage			(171,827)		–
Proceeds from capital enhance – preliminary public providing			283,224		–
IPO preparation and transaction prices			(4,550)		–
Proceeds from train of choice awards			–		369
Lease funds			(5,800)		(5,466)
Net money (used in) offered by financing actions			86,790		(6,095)
Net enhance (lower) in money and money equivalents			67,411		36,822
Cash and money equivalents at the starting of the interval			9,367		76,760
Effects of alternate fee adjustments on money and money equivalents			(18)		(74)
Cash and money equivalents at finish of the interval			76,760		113,507

 

 

 

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