Mytheresa, the German luxury retail platform

Demonstrated resilience in a challenging market environment, reporting a 6.8% growth in Q1 revenues to €187.8 million. Despite a slowdown in all geographic markets, the company achieved a 3.1% increase in Gross Merchandise Value (GMV) to €204.1 million. With a robust average order value of €660 and a 19% rise in top customer numbers, Mytheresa showcased its solid financial performance. The net loss narrowed to €3.8 million, marking an improvement from the prior year. The platform anticipates a stronger second half and sets its full-year guidance for GMV and net sales growth between 8% and 13%. CEO Michael Kliger emphasized the company’s resilience and strategic focus on high-spending customers.