LuxExperience reports FY26 results with accelerated growth trajectory

Dutch-based digital luxury group LuxExperience B.V. announced its financial results for the fourth quarter and full year ending June 30, 2026. The platform achieved group net sales of 653.6 million euros (750 million dollars) in the fourth quarter, representing a 7.6 percent increase excluding foreign exchange effects or 6.1 percent on a reported basis. Full year net sales reached 2.5 billion euros, up 3.2 percent excluding foreign exchange impacts.

The company recorded its third consecutive quarter of positive adjusted EBITDA, which reached 13.6 million euros with an adjusted EBITDA margin of 2.1 percent in the fourth quarter. For the full fiscal year 2026, acquisition-adjusted EBITDA grew by 63.8 million euros to 10.8 million euros.

Strategic turnarounds across portfolio segments

German luxury platform Mytheresa saw net sales rise 10.2 percent excluding foreign exchange effects to 269.2 million euros in the fourth quarter, backed by 39.3 percent growth in the US. Gross profit margin for the quarter expanded 150 basis points to 49.7 percent. Annual average order value (AOV) for the brand reached 875 euros, while top customer count rose 18.0%.

The combined entity of Net-a-Porter and Mr Porter (NAP & MRP) posted a top-line turnaround with fourth quarter net sales climbing 5.6 percent excluding foreign exchange impacts to 273.9 million euros. Adjusted EBITDA for NAP & MRP reached 7.4 million euros, representing an adjusted EBITDA margin expansion of 230 basis points to 2.7 percent.

Italian off-price platform YOOX cut operational losses, reporting fourth quarter net sales of 110.5 million euros, up 6.6 percent excluding foreign exchange effects, while narrowing its adjusted EBITDA margin to negative 10.5%.

Outlook for fiscal year 2027

LuxExperience chief executive officer Michael Kliger expressed confidence in the group transformation plan, confirming medium-term annual growth targets of 10 percent to 15 percent and long-term net sales expectations of 4 billion euros with an underlying adjusted EBITDA margin of 7 percent to 9 percent.

For the full fiscal year 2027, the group expects net sales growth in the mid-to-high single-digit range alongside an adjusted EBITDA margin between 2 percent and 3 percent. Mytheresa is projected to maintain high single-digit to low double-digit net sales growth, while NAP & MRP and YOOX are forecasted to achieve mid-single-digit sales expansion.