That compares with a previous GMV projection of 865 million euros to 910 million euros, representing 16 percent to 22 percent growth.
That compares with an EBITDA projection earlier this year of 68 million euros to 76 million euros, and an adjusted margin of 9 percent to 9.5 percent., chief executive officer of Mytheresa, said that despite the near-term headwinds, “which we regard as transitory, we remain confident in our strategy and mid and long-term goals. We will deliver profitable growth for the full fiscal year 2023 regardless of persisting macro headwinds and increasing promotional intensity in some geographies.
GMV growth in the second quarter was 7.8 percent compared with 20.8 percent in the first quarter. At the time, the company had confirmed its previous guidance for fiscal 2023, although it said those numbers would be at the “lower end of the given range” for both the top and bottom line. In the third quarter ended March 31, Mytheresa expects to report GMV in the range of 218 million euros to 221 million euros, while net sales will fall between 196 million euros and 199 million euros. It’s been a week of international marketing for Mytheresa, which on Wednesday unveiled thefrom its debut China Designer Program, part of a big push in the region.
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