LuxExperience, the digital luxury group behind Mytheresa and the former YOOX Net-A-Porter businesses, has reported its third consecutive profitable quarter, with constant-currency sales growth across Mytheresa, NAP and MRP, and YOOX.
Summary of results:
- Q4 net sales across all of LuxExperience’s operating segments rose 7.6% at constant currency to a reported €653.6 million.
- Total Segments adjusted EBITDA reached €13.6 million, giving the group a 2.1% margin and its third consecutive profitable quarter.
- LuxExperience expects FY27 net sales to grow at a mid-single to high-single-digit rate.
LuxExperience reported Total Segments net sales of €653.6 million for the fourth quarter ended 30 June 2026, up 6.1% on a reported basis and 7.6% at constant currency.
Mytheresa remained the main earnings contributor for the group, while Net-A-Porter and Mr Porter moved into positive adjusted EBITDA.
While YOOX generated a loss, its focus on cost reductions narrowed the decline, as management continued integrating the former YNAP businesses across the group.
Q4 Total Segments adjusted EBITDA reached €13.6 million, representing a 2.1% margin and the group’s third consecutive quarter of positive adjusted EBITDA.
Mytheresa leads segment profitability
Mytheresa increased Q4 net sales by 10.2% at constant currency, or 8.1% reported, to €269.2 million. Adjusted EBITDA rose 10.9% to €17.9 million.
The combined Net-A-Porter and Mr Porter division delivered its first quarterly sales growth since its acquisition. Net sales increased 5.6% at constant currency to a reported €273.9 million, while adjusted EBITDA rose by €6.4 million to €7.4 million.
While YOOX remained loss-making, its adjusted EBITDA deficit narrowed to €11.7 million in Q4 as reported sales rose 5.6% to €110.5 million.
In October 2025 LuxExperience decided to sell the assets behind the luxury off-price platform The Outnet to The O Group LLC, in an effort to focus on growing YOOX brand.
Michael Kliger, Chief Executive Officer of LuxExperience, said: “We are very pleased with our Q4 FY26 and full FY26 results. The results of Q4 FY26 underline the tremendous progress we have achieved in our transformation plan in just the last 12 months.
“Mytheresa again set the gold standard in the fourth quarter in terms of high growth and profitability. NET-A-PORTER and MR PORTER combined achieved a clear turnaround, also delivering topline growth and profitability.
“YOOX is in high gear to achieve the same, delivering a topline growth while losses were cut almost in half compared to Q4 FY25.
“We have proven that at LuxExperience we possess the secret sauce in digital luxury. The strength of our businesses is based on resilient business models and superior customer economics.”
FY27 guidance targets higher margins
For FY27, LuxExperience expects an adjusted EBITDA margin of around 2% to 3%. Meanwhile Mytheresa is forecast to deliver high-single to low-double-digit sales growth, while NAP and MRP sales are expected to grow at a mid-single-digit rate.”
YOOX is forecast to remain loss-making at adjusted EBITDA level, although the group retained its medium-term target of €4 billion in net sales.
“As a Group, we are perfectly positioned to benefit from the sustained growth of digital luxury and the improvements in the global luxury sector,” added Kliger.