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Munich, Germany:
- Strong Q1 FY23 with 20.8% Gross Merchandise Value (GMV) growth to €197.9 million and an Adjusted EBITDA margin of 6.6%
- Gross Profit margin will increase to 49.9% in Q1 FY23 in comparison with 49.0% in the earlier yr quarter
- Full FY23 guidance for GMV at 16% to 22% growth with a secure Adjusted EBITDA margin of 9.0% to 9.5% confirmed
MYT Netherlands Parent B.V. (NYSE: MYTE) (“Mytheresa” or the “Company”), the dad or mum firm of Mytheresa Group GmbH, right now introduced monetary outcomes for its first quarter of fiscal yr 2023 ended September 30, 2022. The luxurious multi-brand digital platform delivered sturdy outcomes in the primary quarter of accelerated top-line growth with continued profitability. This demonstrates the elemental energy and consistency of a very differentiated business with a novel buyer focus, a extremely adaptive business mannequin and excellent operational excellence.
Michael Kliger, Chief Executive Officer of Mytheresa, mentioned, “Our acceleration in GMV growth during the quarter over the previous quarters in 2022 sets us apart from other digital platforms and the sole focus on the high-end luxury sector, both in terms of customers as well as brands, makes us foremost a luxury business and not just a digital business. We believe that our results demonstrate the fundamental strength, resilience and consistency of our business, which has always delivered profitable growth. With our unique customer focus, a highly adaptive business model and operational excellence we are very confident to deliver against our communicated targets for full fiscal year 2023, despite ongoing challenges in the macro environment.”
Kliger continued, “The Mytheresa business model is well diversified and agile. We achieved growth across all our categories including our recently launched Life category with home and lifestyle products as well as across all geographies. We achieved again an above average GMV growth in the US where we continue to win clients due to our unique edit and the many ‘money can’t buy experiences’ for our top customers. We also achieved very good growth in Mainland China, where we grow our local teams and invest into activations under our new local leadership.”
FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER ENDED SEPTEMBER 30, 2022
- GMV growth of 20.8% year-over-year to €197.9 million, in comparison with €163.9 million in the prior yr interval
- Net Sales improve of €18.1 million, or 11.4% year-over-year to €175.9 million because of deliberate transition of manufacturers to the Curated Platform Model (CPM) and the following impact of recording the platform payment as Net Sales
- Increase of 90 foundation factors in Gross Profit margin to 49.9% in comparison with 49.0% in the prior yr interval, pushed by a rise in gross sales from CPM which generates 100% gross margin with no value of gross sales in addition to our full worth promoting mannequin
- Adjusted EBITDA of €11.6 million in comparison with €14.0 million in the earlier yr quarter with an Adjusted EBITDA margin of 6.6% in Q1 FY 23
RECENT BUSINESS HIGHLIGHTS
Strong Global Expansion:
- Further accelerated GMV growth with +20.8% vs. Q1 FY22
- Above common GMV growth once more in the United States with +28.5% vs. Q1 FY22
- High-impact prime buyer and model associate occasions held in Europe and the United States throughout all main Fashion Weeks
- Announcement of The China Designer Program by Mytheresa to assist and create visibility for Chinese luxurious designers
Continued Brand Partnerships:
- Launch of unique capsule collections and pre-launches in collaboration with Gucci, Chloé, Givenchy, Christian Louboutin, Jacquemus, Loewe, Bottega Veneta and many extra
- Exclusive launch of the Etro Love Trotter bag on Mytheresa instantly on the day it confirmed throughout Marco De Vincenzo’s first Etro present
- Continued growth of the Curated Platform Model (CPM) with 7 manufacturers now reside
High-quality Customer Growth:
- LTM growth of lively prospects of 13.4% reaching 800,000 prospects
- Solid variety of first-time patrons in Q1 FY23 with over 105,000 new prospects
- Repurchase charges of recent buyer cohorts acquired in This fall FY22 confirmed optimistic development vs. This fall FY21 cohort in respective Q1
- Strong growth of variety of prime prospects with 22.7% in Q1 FY23 vs. Q1 FY22 in addition to a rise in common GMV per all prospects of 6.5% in Q1 FY23 vs. Q1 FY22 underlining clear concentrate on high quality of buyer acquisitions
Consistent Strong Operational Performance:
- Maintained very excessive buyer satisfaction with an industry-leading Net Promoter Score of 81.0% in Q1 FY23
- Achieved sturdy gross revenue margin with 49.9% in Q1 FY23 based mostly on continued concentrate on full-price business and rising share of CPM which generates 100% gross revenue with no value of gross sales
- Operational indicators in Q1 FY23 underlined resilience and adaptability of the Mytheresa business mannequin regardless of difficult macro situations
- Published first ESG achievement report highlighting progress towards outlined ESG commitments
BUSINESS OUTLOOK
For the full fiscal yr ending June 30, 2023, we affirm our earlier guidance:
- GMV in the vary of €865 million to €910 million, representing a 16% to 22% growth
- Net Sales of €755 million to €800 million, representing 10% to 16% growth
- Gross Profit at €410 million to €435 million, representing a 16% to 22% growth
- 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 affirm our targets of annual GMV Growth of twenty-two% to 25% in addition to an Adjusted EBITDA margin round 9% to 10%.
The foregoing forward-looking statements replicate Mytheresa’s expectations as of right now’s date. Given the variety of threat elements, 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, apart from in publicly obtainable statements.
CONFERENCE CALL AND WEBCAST INFORMATION
Mytheresa will host a convention name to debate its first quarter of fiscal yr 2023 monetary outcomes on November 8, 2022 at 8:00am Eastern Time. Those wishing to take part through webcast ought to entry the decision by Mytheresa’s Investor Relations web site at https://investors.mytheresa.com. Those wishing to take part through the phone could dial in at +1 (877) 269-7751 (USA) or +1 (201) 389-0908 (International). The passcode will probably be 13733608. The convention name replay will probably be obtainable through webcast by Mytheresa’s Investor Relations web site. The phone replay will probably be obtainable from 11:00am Eastern Time on November 8, 2022, by November 15, 2022, by dialing +1 (844) 512-2921 (USA) or +1 412 317 6671 (International). The replay passcode will probably be 13733608.
FORWARD LOOKING STATEMENTS
This press launch comprises “forward-looking statements” throughout 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 regarding 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 growth of our business and {industry}; our capability to execute our business mannequin and our business technique; having obtainable ample money and borrowing capability to fulfill working capital, debt service and capital expenditure necessities for the following twelve months; and projected capital spending. In some instances, you may establish forward-looking statements by the next phrases: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or the destructive of those phrases or different comparable terminology, though not all forward-looking statements comprise 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, you must fastidiously contemplate the elements set forth under.
We undertake no obligation to replace any forward-looking statements made in this press launch to replicate occasions or circumstances after the date of this press launch or to replicate new info or the incidence of unanticipated occasions, besides as required by regulation.
The achievement or success of the issues coated 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 may 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 symbolize our administration’s beliefs and assumptions solely as of the date such statements are made.
Further info on these and different elements that would 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 shape 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 evaluate various working and monetary metrics, together with the next business and non-IFRS metrics, to guage our business, measure our efficiency, establish traits 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 continuously utilized by analysts, buyers and different events to guage firms in our {industry}. Further, we consider these measures are useful in highlighting traits in our working outcomes, as a result of they exclude the influence of things which can be 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 guage every adjustment and the explanations we contemplate it acceptable for supplemental evaluation.
Our non-IFRS monetary measures embody:
- 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 in a position to forecast web revenue (loss) on a forward-looking foundation with out unreasonable efforts because of the excessive variability and issue in predicting sure gadgets that have an effect on web revenue (loss), together with, however not restricted to, Income taxes and Interest expense and, because of this, are unable to offer a reconciliation to forecasted Adjusted EBITDA.
Gross Merchandise Value (GMV) is an operative measure and means the entire Euro worth of orders processed. GMV is inclusive of merchandise worth, transport and responsibility. It is web of returns, worth added taxes, relevant gross sales taxes and cancellations. GMV doesn’t symbolize income earned by us. We use GMV as an indicator for the utilization of our platform that’s not influenced by the combo of direct gross sales and fee gross sales. The indicators we use to observe utilization of our platform embody, amongst others, lively prospects, complete orders shipped and GMV.
ABOUT MYTHERESA
Mytheresa is likely one of the main world luxurious vogue 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, sneakers, baggage 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 similar to Bottega Veneta, Burberry, Dolce&Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, Valentino, and many extra. Mytheresa’s distinctive digital expertise is predicated on a pointy concentrate on high-end luxurious consumers, unique product and content material choices, main know-how and analytical platforms in addition to prime quality service operations. The NYSE listed firm reported €747.3 million GMV in fiscal yr 2022 (+21.3% vs. FY21).
For extra info, please go to https://investors.mytheresa.com.
MYT Netherlands Parent B.V.
Financial Results and Key Operating Metrics
(Amounts in € tens of millions)
|
|
Three Months Ended
|
||||
|
|
|
|
|
|
|
|
|
September 30,
|
|
September 30,
|
|
Change
|
|
|
|
|
|
|
|
|
(in tens of millions) (unaudited)
|
|
|
|
|
|
|
Gross Merchandise Value (GMV) (1)
|
€ 163.9
|
|
€ 197.9
|
|
20.8%
|
|
Active buyer (LTM in hundreds) (1), (2)
|
705
|
|
800
|
|
13.4%
|
|
Total orders shipped (LTM in hundreds) (1), (2)
|
1,580
|
|
1,839
|
|
16.4%
|
|
Net gross sales
|
€ 157.8
|
|
€ 175.9
|
|
11.4%
|
|
Gross revenue
|
€ 77.3
|
|
€ 87.8
|
|
13.6%
|
|
Gross revenue margin(3)
|
49.0%
|
|
49.9%
|
|
90 BPs
|
|
Adjusted EBITDA(4)
|
€ 14.0
|
|
€ 11.6
|
|
(17.4%)
|
|
Adjusted EBITDA margin(3)
|
8.9%
|
|
6.6%
|
|
(230 BPs)
|
|
Adjusted Operating Income(4)
|
€ 11.8
|
|
€ 9.0
|
|
(23.6%)
|
|
Adjusted Operating Income margin(3)
|
7.5%
|
|
5.1%
|
|
(240 BPs)
|
|
Adjusted Net Income(4)
|
€ 8.2
|
|
€ 6.1
|
|
(26.1%)
|
|
Adjusted Net Income margin(3)
|
5.2%
|
|
3.5%
|
|
(170 BPs)
|
|
(1) Definition of GMV, Active buyer and Total orders shipped may be discovered on web page 27 in our Interim Report.
(2) Active prospects and complete orders shipped are calculated based mostly on orders shipped from our websites over the last twelve months
(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
|
|||||
MYT Netherlands Parent B.V.
Financial Results and Key Operating Metrics
(Amounts in € tens of millions)
The following tables set forth the reconciliations of web revenue to adjusted EBITDA, working revenue to adjusted working revenue and web revenue to adjusted web revenue, and their corresponding margins as a share of web gross sales:
|
|
Three Months Ended
|
||||
|
|
|
|
|
|
|
|
|
September 30, 2021
|
|
September 30,
|
|
Change
|
|
|
|
|
|
|
|
|
(in tens of millions) (unaudited)
|
|
|
|
|
|
|
Net revenue
|
€ (7.3)
|
|
€ (3.8)
|
|
(47.8%)
|
|
Finance bills, web
|
€ 0.2
|
|
€ 0.4
|
|
96.8%
|
|
Income tax expense
|
€ 3.4
|
|
€ 2.6
|
|
(24.3%)
|
|
Depreciation and amortization
|
€ 2.2
|
|
€ 2.5
|
|
16.7%
|
|
thereof depreciation of right-of use belongings
|
€ 1.3
|
|
€ 1.7
|
|
27.9%
|
|
EBITDA
|
€ (1.5)
|
€ 1.7
|
|
(211.7%)
|
|
|
Other transaction-related, sure authorized and different bills (1)
|
€ 0.0
|
|
€ 1.5
|
|
N/A
|
|
IPO associated share-based compensation(2)
|
€ 15.5
|
€ 8.4
|
|
(45.7%)
|
|
|
Adjusted EBITDA
|
€ 14.0
|
€ 11.6
|
|
(17.4%)
|
|
|
|
|
|
|
|
|
|
Reconciliation to Adjusted EBITDA Margin
|
|
|
|
|
|
|
Net Sales
|
€ 157.8
|
|
€ 175.9
|
|
11.4%
|
|
Adjusted EBITDA margin
|
8.9%
|
|
6.6%
|
|
(230 BPs)
|
|
|
Three Months Ended
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
|
|
September 30,
|
|
Change
|
|
|
|
|
|
|
|
|
(in tens of millions) (unaudited)
|
|
|
|
|
|
|
Operating Income
|
€ (3.7)
|
|
€ (0.9)
|
|
(76.9%)
|
|
Other transaction-related, sure authorized and different bills (1)
|
€ 0.0
|
|
€ 1.5
|
|
N/A
|
|
IPO associated share-based compensation(2)
|
€ 15.5
|
|
€ 8.4
|
|
(45.7%)
|
|
Adjusted Operating Income
|
€ 11.8
|
|
€ 9.0
|
|
(23.6%)
|
|
|
|
|
|
|
|
|
Reconciliation to Adjusted Operating Income Margin
|
|
|
|
|
|
|
Net Sales
|
€ 157.8
|
|
€ 175.9
|
|
11.4%
|
|
Adjusted Operating Income margin
|
7.5%
|
|
5.1%
|
|
(240 BPs)
|
|
|
Three Months Ended
|
||||
|
|
|
|
|
|
|
|
|
September 30,
|
|
September 30,
|
|
Change
|
|
|
|
|
|
|
|
|
(in tens of millions) (unaudited)
|
|
|
|
|
|
|
Net Income
|
€ (7.3)
|
|
€ (3.8)
|
|
(47.8%)
|
|
Other transaction-related, sure authorized and different bills(1)
|
€ 0.0
|
|
€ 1.5
|
|
N/A
|
|
IPO associated share-based compensation(2)
|
€ 15.5
|
|
€ 8.4
|
|
(45.7%)
|
|
Adjusted Net Income
|
€ 8.2
|
|
€ 6.1
|
|
(26.1%)
|
|
|
|
|
|
|
|
|
Reconciliation to Adjusted Net Income Margin
|
|
|
|
|
|
|
Net Sales
|
€ 157.8
|
|
€ 175.9
|
|
11.4%
|
|
Adjusted Net Income margin
|
5.2%
|
|
3.5%
|
|
(170 BPs)
|
|
(1) Other transaction-related, sure authorized and different bills represents (i) sure authorized bills incurred exterior the peculiar
(2) In fiscal 2021, with the efficient IPO, sure key administration personnel obtained a one-time granted share-based compensation,
|
|||||
MYT Netherlands Parent B.V.
Unaudited Condensed Consolidated Statements of Profit or Loss and Comprehensive Income
(Amounts in € hundreds, besides share and per share information)
|
|
|
|
Three Months Ended
|
||
|
|
|
|
|
||
|
(in € hundreds)
|
|
|
September 30, 2021
|
|
September 30, 2022
|
|
|
|
|
|
|
|
|
Net gross sales
|
|
|
157,832
|
|
175,890
|
|
Cost of gross sales, unique of depreciation and amortization
|
|
|
(80,516)
|
|
(88,095)
|
|
Gross revenue
|
|
|
77,316
|
|
87,795
|
|
Shipping and fee value
|
|
|
(19,966)
|
|
(24,029)
|
|
Marketing bills
|
|
|
(22,427)
|
|
(25,354)
|
|
Selling, normal and administrative bills
|
|
|
(36,158)
|
|
(37,643)
|
|
Depreciation and amortization
|
|
|
(2,182)
|
|
(2,547)
|
|
Other revenue (loss), web
|
|
|
(281)
|
|
926
|
|
Operating revenue
|
|
|
(3,699)
|
|
(853)
|
|
Finance revenue
|
|
|
–
|
|
4
|
|
Finance prices
|
|
|
(189)
|
|
(376)
|
|
Finance revenue (prices), web
|
|
|
(189)
|
|
(372)
|
|
Loss earlier than revenue taxes
|
|
|
(3,888)
|
|
(1,225)
|
|
Income tax expense
|
|
|
(3,408)
|
|
(2,581)
|
|
Net loss
|
|
|
(7,296)
|
|
(3,806)
|
|
Cash Flow Hedge
|
|
|
(1,081)
|
|
(3,059)
|
|
Income Taxes associated to Cash Flow Hedge
|
|
|
267
|
|
854
|
|
Foreign forex translation
|
|
|
(25)
|
|
(25)
|
|
Other complete loss
|
|
|
(839)
|
|
(2,230)
|
|
Comprehensive loss
|
|
|
(8,136)
|
|
(6,036)
|
|
|
|
|
|
|
|
|
Basic & diluted earnings per share
|
|
€
|
(0.09)
|
€
|
(0.04)
|
|
Weighted common peculiar shares excellent
(fundamental and diluted) – in tens of millions
|
|
|
84.5
|
|
86.5
|
MYT Netherlands Parent B.V.
Unaudited Condensed Consolidated Statements of Financial Position
(Amounts in € hundreds)
|
(in € hundreds)
|
June 30, 2022
|
September 30, 2022
|
|||
|
Assets
|
|
||||
|
Non-current belongings
|
|
||||
|
Non-current monetary belongings
|
|
|
294
|
|
642
|
|
Intangible belongings and goodwill
|
155,223
|
|
155,125
|
||
|
Property and gear
|
|
|
17,691
|
|
22,056
|
|
Right-of-use belongings
|
21,677
|
|
45,829
|
||
|
Deferred tax belongings
|
|
|
6,090
|
|
6,090
|
|
Total non-current belongings
|
200,975
|
|
229,742
|
||
|
Current belongings
|
|
|
|
||
|
Inventories
|
|
|
230,144
|
|
262,197
|
|
Trade and different receivables
|
8,276
|
|
6,145
|
||
|
Other belongings
|
|
|
61,874
|
|
32,606
|
|
Cash and money equivalents
|
113,507
|
|
87,891
|
||
|
Total present belongings
|
|
|
413,801
|
|
388,840
|
|
Total belongings
|
614,776
|
|
618,582
|
||
|
|
|
||||
|
Shareholders’ fairness and liabilities
|
|
|
|||
|
Subscribed capital
|
1
|
|
1
|
||
|
Capital reserve
|
|
|
498,872
|
|
509,494
|
|
Accumulated Deficit
|
(68,734)
|
|
(72,540)
|
||
|
Accumulated different complete revenue (loss)
|
|
|
1,528
|
|
(702)
|
|
Total shareholders’ fairness
|
431,667
|
|
436,252
|
||
|
|
|
||||
|
Non-current liabilities
|
|
|
|
|
|
|
Provisions
|
|
|
758
|
|
2,621
|
|
Lease liabilities
|
16,817
|
|
39,362
|
||
|
Deferred tax liabilities
|
|
|
3,661
|
|
4,116
|
|
Total non-current liabilities
|
21,237
|
|
46,099
|
||
|
Current liabilities
|
|
|
|
|
|
|
Tax liabilities
|
|
|
25,892
|
|
21,963
|
|
Lease liabilities
|
|
|
5,189
|
|
5,285
|
|
Contract liabilities
|
10,746
|
|
6,341
|
||
|
Trade and different payables
|
|
|
45,156
|
|
34,968
|
|
Other liabilities
|
74,889
|
|
67,675
|
||
|
Total present liabilities
|
|
|
161,872
|
|
136,232
|
|
Total liabilities
|
183,109
|
|
182,330
|
||
|
Total shareholders’ fairness and liabilities
|
|
|
614,776
|
|
618,582
|
MYT Netherlands Parent B.V.
Unaudited Condensed Consolidated Statements of Changes in Equity
(Amounts in € hundreds)
|
(in € hundreds)
|
|
Subscribed
|
|
Capital
|
|
Accumulated
|
|
Hedging
|
|
Foreign forex
|
|
Total
|
|
Balance as of July 1, 2021
|
|
1
|
|
444,951
|
|
(60,837)
|
|
–
|
|
1,602
|
|
385,718
|
|
Net loss
|
|
–
|
|
–
|
|
(7,296)
|
|
–
|
|
–
|
|
(7,296)
|
|
Other complete loss
|
|
–
|
|
–
|
|
–
|
|
(814)
|
|
(25)
|
|
(839)
|
|
Comprehensive loss
|
|
–
|
|
–
|
|
(7,296)
|
|
(814)
|
|
(25)
|
|
(8,136)
|
|
Share-based compensation
|
|
–
|
16,134
|
–
|
–
|
–
|
16,134
|
|||||
|
Balance as of September 30, 2021
|
|
1
|
|
461,086
|
|
(68,133)
|
|
(814)
|
|
1,577
|
|
393,716
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of July 1, 2022
|
|
1
|
|
498,872
|
|
(68,734)
|
|
–
|
|
1,528
|
|
431,667
|
|
Net loss
|
|
–
|
|
–
|
|
(3,806)
|
|
–
|
|
–
|
|
(3,806)
|
|
Other complete loss
|
|
–
|
|
–
|
|
–
|
|
(2,205)
|
|
(25)
|
|
(2,230)
|
|
Comprehensive loss
|
|
–
|
|
–
|
|
(3,806)
|
|
(2,205)
|
|
(25)
|
|
(6,036)
|
|
Share choices exercised
|
|
–
|
|
1,077
|
|
–
|
|
–
|
|
–
|
|
1,077
|
|
Share-based compensation
|
|
–
|
|
9,544
|
|
–
|
|
–
|
|
–
|
|
9,544
|
|
Balance as of September 30, 2022
|
|
1
|
|
509,494
|
|
(72,540)
|
|
(2,205)
|
|
1,503
|
|
436,252
|
MYT Netherlands Parent B.V.
Unaudited Condensed Consolidated Statements of Cash Flows
(Amounts in € hundreds)
|
Three months ended September 30,
|
|||||
|
(in € hundreds)
|
2021
|
|
2022
|
||
|
Net loss
|
|
|
(7,296)
|
|
(3,806)
|
|
Adjustments for
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
2,182
|
|
2,547
|
|
Finance (revenue) prices, web
|
|
|
189
|
|
372
|
|
Share-based compensation
|
|
|
16,134
|
|
9,544
|
|
Income tax expense
|
|
|
3,408
|
|
2,581
|
|
Change in working belongings and liabilities
|
|
|
|
|
|
|
(Decrease) improve in provisions
|
|
|
17
|
|
1,863
|
|
(Increase) lower in inventories
|
|
|
(17,901)
|
|
(32,053)
|
|
(Increase) lower in commerce and different receivables
|
|
|
1,274
|
|
2,130
|
|
Decrease (improve) in different belongings
|
|
|
(506)
|
|
29,962
|
|
(Decrease) improve in different liabilities
|
|
|
3,713
|
|
(10,936)
|
|
Increase (lower) in contract liabilities
|
|
|
(3,202)
|
|
(4,405)
|
|
Increase (lower) in commerce and different payables
|
|
|
(16,336)
|
|
(10,253)
|
|
Decrease (improve) in non-current monetary belongings
|
|
|
(13)
|
|
(343)
|
|
Income taxes paid
|
|
|
(831)
|
|
(5,207)
|
|
Net money used in working actions
|
|
|
(19,166)
|
|
(18,004)
|
|
Expenditure for property and gear and intangible belongings
|
|
|
(356)
|
|
(5,092)
|
|
Net money (used in) investing actions
|
|
|
(356)
|
|
(5,092)
|
|
Interest paid
|
|
|
(189)
|
|
(372)
|
|
Proceeds from train of choice awards
|
|
|
–
|
|
1,077
|
|
Payment of lease liabilities
|
|
|
(1,339)
|
|
(3,234)
|
|
Net money used in financing actions
|
|
|
(1,528)
|
|
(2,530)
|
|
Net lower in money and money equivalents
|
|
|
(21,050)
|
|
(25,625)
|
|
Cash and money equivalents firstly of the interval
|
|
|
76,760
|
|
113,507
|
|
Effects of change fee adjustments on money and money equivalents
|
|
|
(25)
|
|
10
|
|
Cash and money equivalents at finish of the interval
|
|
|
55,685
|
|
87,891
|
View supply model on businesswire.com: https://www.businesswire.com/news/home/20221108005173/en/
