LuxExperience Returns to Profit With Mytheresa Driving Double Digit Growth

a return to profitability on this metric after prior quarter losses. The transformation program is already visible in costs.

The Group’s Adjusted SG&A cost ratio fell 180 basis points year over year to 19.1% of GMV in Q2 FY26 (excluding capitalized IT development costs), reflecting tighter operating discipline and early savings from infrastructure consolidation and workforce reductions.

Operating cash flow was another bright spot, reaching €118.5 million in the quarter, underscoring the business’s ability to fund its own turnaround. CEO: ‘Secret Sauce In Digital Luxury’ Michael Kliger, CEO of LuxExperience, said, “We are extremely pleased with the results of the second quarter.

The initiated turnaround at ex-YNAP already shows good results with growth and a return to adjusted EBITDA profitability at Group level. Our proven ability to deliver profitable growth at Mytheresa is now being applied to the newly acquired businesses by an extremely dedicated and experienced new management…