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荷兰母公司（MYTE）2024年第三季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
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财年第三季度净销售额增长了17.6％，达到2.339亿欧元，而GMV增长了14.7％，达到2.522亿欧元。
毛利率为43.4％，毛利为1.016亿欧元，增长了12％。
营销费用和成本比率分别降至2310万欧元和9.2％。
调整后的息税折旧摊销前利润从2023财年第三季度的320万欧元大幅增长至2024财年第三季度的920万欧元。
运营现金流有所改善，一项新的多年期循环信贷额度协议获得担保，金额为 EUR75 百万美元，以支持他们的增长战略。
库存增长受到抑制，该公司确认了其2024财年GMV净销售增长预期在8％至13％之间，调整后的息税折旧摊销前利润率为3％至5％。
Business Progress:
业务进展：
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.
顶级客户群和每位顶级客户的平均支出分别增长了17％和3.3％，平均订单价值增长了8％，达到692欧元的新高。
推出了多个独家奢侈品牌系列，以及新的零售媒体服务。
该公司继续在莱比锡配送中心进行扩张，截至3月底，已处理了所有客户订单的60％以上。
该公司预计，在关键地区的高收入人群的推动下，美国市场将实现引人注目的增长，占业务的22％。
MYTE的目标是在十几岁或20岁以下的人群实现两位数的年增长，包括调整后的息税折旧摊销前利润率为8％，以期在中期内成为数十亿美元的企业。
该公司设法将其库存未偿天数从310天减少到280天，接近260天的目标。
More details: MYT Netherlands IR
更多详情： MYT 荷兰 IR
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