Mytheresa posts Q1 growth following Chinese brand launch
Mytheresa’s net sales for Q1 increased 7.6% YoY to 201.7 million euros ($216.1 million), with GMV growing 6.3% to 216.6 million euros ($233.1 million) compared to the same quarter of FY24. CEO Michael Kliger expressed satisfaction with the results, highlighting strong revenue growth and positive EBITDA despite uncertainties. During the quarter, Mytheresa launched exclusive collections and pre-launches with top brands, as well as its own Chinese brand, Mei Lin Shi, and a WeChat mini program. For FY25, the company expects GMV and net sales growth of 7% to 13%.