MYT Netherlands Parent BV

NYSE:MYTEUnited States

Sep 12, 2024

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• Strong Full FY24 results for Mytheresa driven by +14% Net Sales growth in H2 compared to last year and continued profitability with 4% Adj. EBITDA margin in H2 FY24, from 6:00AM ET on Thursday Sep 12, 2024 by Dow Jones

  6:00AM ET on Thursday Sep 12, 2024 by Dow Jones
  Companies Mentioned: MYTE
  Balance as of June 30, 2023 1 529,775 (87,856) 1,509 443,429 ---------- ------- ----------- ----------- -------------- Balance as of July 1, 2023 1 529,775 (87,856) 1,509 443,429 Net loss - - (24,911) - (24,911) Other comprehensive loss - - - (13) (13) ---------- ------- ----------- ----------- -------------- Comprehensive loss - - (24,911) (13) (24,923) Share-based compensation - 18,508 - - 18,508 Reclassification due to cash-settlement of Share-based compensation (1,370) (1,370) ---------- ------- ----------- ----------- -------------- Balance as of June 30, 2024 1 546,913 (112,767) 1,496 435,643 MYT Netherlands Parent B.V. Consolidated Statements of Cash Flows (Amounts in EUR thousands) (in EUR thousands) 2023 2024 ------------------------------------------------- --------- -------- Net loss (17,019) (24,911) Adjustments for Depreciation and amortization 11,653 15,205 Finance (income) costs, net 2,460 4,772 Share-based compensation 29,963 18,370 Income tax expense 5,877 (1,814) Change in operating assets and liabilities (Increase) decrease in inventories (130,118) (10,374) (Increase) decrease in trade and other receivables 755 (4,293) Decrease (increase) in other assets 14,077 (3,609) (Decrease) increase in other liabilities 4,047 15,022 Increase (decrease) in contract liabilities 3,287 172 Increase (decrease) in trade and other payables 25,886 14,233 Income taxes paid (5,918) (12,758) --------- -------- Net cash provided by (used in) operating activities (55,050) 10,015 --------- -------- Expenditure for property and equipment and intangible assets (22,760) (11,809) Proceeds from sale of property and equipment 2 - --------- -------- Net cash provided by (used in) investing activities (22,758) (11,809) --------- -------- Interest paid (2,460) (5,352) Proceeds from exercise of option awards 1,077 - Lease payments (4,059) (7,925) --------- -------- Net cash provided by (used in) financing activities (5,442) (13,277) --------- -------- Net increase (decrease) in cash and cash equivalents (83,250) (15,071) --------- -------- Cash and cash equivalents at the beginning of the period 113,507 30,136 ========= ======== Effects of exchange rate changes on cash and cash equivalents (122) 42 --------- -------- Cash and cash equivalents at end of the period 30,135 15,107 ========= ========
  

• Press Release: Strong Full FY24 results for Mytheresa driven by +14% Net Sales growth in H2 compared to last year and continued profitability with 4% Adj. EBITDA margin in H2 FY24, from 6:00AM ET on Thursday Sep 12, 2024 by Dow Jones

  6:00AM ET on Thursday Sep 12, 2024 by Dow Jones
  Companies Mentioned: MYTE