Overview
- Group net sales rose 1.1% to €645 million in the quarter ended Dec. 31, and adjusted EBITDA turned positive as holiday trading lifted results.
- Operating cash flow swung to €118.5 million from a negative €150 million in Q1, reflecting stronger seasonal demand and tighter cost control.
- The company raised the lower end of full‑year GMV guidance to €2.5–€2.7 billion and kept adjusted EBITDA margin guidance narrowly around breakeven at -1% to +1%.
- Mytheresa led performance with roughly 9% sales growth, while Net‑a‑Porter and Mr Porter posted a 1% sales decline and Yoox remained lower but improved versus the prior quarter.
- Shares jumped more than 14% after the release, as management highlighted efficiencies from integration moves such as warehouse and studio consolidation and renegotiated carrier contracts.