LuxExperience Reports Q4 Sales Growth as Net-a-Porter and Mr Porter Improve

The change was significant for the businesses acquired from Richemont in April 2025. In the preceding quarter, Net-a-Porter and Mr Porter’s combined sales had fallen 11.7% year over year, with an adjusted EBITDA loss of €1.1 million.

Their Q4 improvement adds a second source of positive adjusted earnings within the luxury portfolio, reducing the reliance on Mytheresa to cover losses elsewhere in the group. Net-a-Porter and Mr Porter’s combined Q4 sales rose 4.3% to €273.9 million.

Adjusted EBITDA increased by €6.4 million year over year to €7.4 million, with a margin of 2.7%. The company attributed the improvement to full-price selling, customer engagement and cost discipline.

Michael Kliger, chief executive of LuxExperience, described the combined Net-a-Porter and Mr Porter performance as “a clear turnaround, also delivering topline growth and profitability” in the company’s results announcement. Cost reductions were a material part of that progress…