Earnings Call Summary | MYT Netherlands(MYTE.US) Q3 2024 Earnings Conference
Earnings Call Summary | MYT Netherlands(MYTE.US) Q3 2024 Earnings Conference
The following is a summary of the MYT Netherlands Parent B.V. (MYTE) Q3 2024 Earnings Call Transcript:
以下是MYT荷蘭母公司(MYTE)2024年第三季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
Mytheresa saw Q3 FY 2024 net sales growth of 17.6% reaching EUR 233.9 million, while GMV growth stood at 14.7%, hitting EUR 252.2 million.
The gross profit margin was 43.4% with a gross profit of EUR 101.6 million, marking a 12% increase.
Marketing expenses and cost ratio decreased to EUR 23.1 million and 9.2% respectively.
Adjusted EBITDA increased significantly from EUR 3.2 million in Q3 FY 2023 to EUR 9.2 million in Q3 FY 2024.
Operating cash flow improved, and a new multi-year revolving credit facility agreement of EUR75 million was secured to support their growth strategy.
Inventory growth was restrained, and the company confirmed its FY 2024 GMV net sales growth guidance of between 8% to 13% and an adjusted EBITDA margin of 3% to 5%.
Mytheresa的2024財年第三季度淨銷售額增長了17.6%,達到2.339億歐元,而GMV增長了14.7%,達到2.522億歐元。
毛利率爲43.4%,毛利爲1.016億歐元,增長了12%。
營銷費用和成本比率分別降至2310萬歐元和9.2%。
調整後的息稅折舊攤銷前利潤從2023財年第三季度的320萬歐元大幅增長至2024財年第三季度的920萬歐元。
運營現金流有所改善,一項新的多年期循環信貸額度協議獲得擔保,金額爲 EUR75 百萬美元,以支持他們的增長戰略。
庫存增長受到抑制,該公司確認了其2024財年GMV淨銷售增長預期在8%至13%之間,調整後的息稅折舊攤銷前利潤率爲3%至5%。
Business Progress:
業務進展:
Top customer base and the average spend per top customers grew by 17% and 3.3% respectively, with an 8% increase in average order value to a new high of EUR 692.
Multiple exclusive luxury brand collections were launched, along with new retail media services.
The company continued its ramp-up at the Leipzig distribution center, handling over 60% of all customer orders by end of March.
The company sees compelling growth in the US market, representing 22% of the business, driven by high-income individuals across key regions.
MYTE aims for double-digit annual growth in the high-teens or low-20s including an 8% adjusted EBITDA margin in its pursuit to become a multi-billion business in the medium term.
The company managed to reduce its Days Inventory Outstanding from 310 days to 280 days, moving closer to their target of 260 days.
頂級客戶群和每位頂級客戶的平均支出分別增長了17%和3.3%,平均訂單價值增長了8%,達到692歐元的新高。
推出了多個獨家奢侈品牌系列,以及新的零售媒體服務。
該公司繼續在萊比錫配送中心進行擴張,截至3月底,已處理了所有客戶訂單的60%以上。
該公司預計,在關鍵地區的高收入人群的推動下,美國市場將實現引人注目的增長,佔業務的22%。
MYTE的目標是在十幾歲或20歲以下的人群實現兩位數的年增長,包括調整後的息稅折舊攤銷前利潤率爲8%,以期在中期內成爲數十億美元的企業。
該公司設法將其庫存未償天數從310天減少到280天,接近260天的目標。
More details: MYT Netherlands IR
更多詳情: MYT 荷蘭 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。