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LuxExperience Returns to Profit With Mytheresa Driving Double Digit Growth

LuxExperience Group has delivered its first quarter of top line growth and positive Adjusted EBITDA since rebranding, with net sales rising 5.7% at constant exchange rates and margins back in the black, fully in line with its transformation plan.

Published: Feb 11, 2026 4:20 PM

By Jeanel Alvarado

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LuxExperience Returns to Profit With Mytheresa Driving Double Digit Growth

Credit: Mytheresa

LuxExperience Group has delivered its first quarter of top line growth and positive Adjusted EBITDA since rebranding, with net sales rising 5.7% at constant exchange rates and margins back in the black, fully in line with its transformation plan. The Munich based luxury e commerce group, which now houses Mytheresa, NET A PORTER, MR PORTER, and YOOX, also generated strong operating cash flow and reaffirmed medium term targets of €4 billion in net sales and a 7% to 9% Adjusted EBITDA margin.

Group Q2 FY26: Back To Profit On Adjusted EBITDA In the second quarter of fiscal 2026, ended December 31, 2025, LuxExperience posted net sales of €645.1 million, up 1.1% reported and 5.7% ex FX, with gross merchandise value (GMV) of €684.8 million, up 0.2% reported and 4.7% ex FX year over year.

Group Adjusted EBITDA came in at €13.2 million, equivalent to a 2.0% Adjusted EBITDA margin, marking 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…

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LuxExperience Returns to Profit With Mytheresa Driving Double Digit Growth

LuxExperience Group has delivered its first quarter of top line growth and positive Adjusted EBITDA since rebranding, with net sales rising 5.7% at constant exchange rates and margins back in the black, fully in line with its transformation plan.

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