HKTB Extends Hong Kong Neighbourhoods to Launch West Kowloon for Promoting Art and Culture Tourism of the Neighbourhood
                            Munich, Germany:
                         Gross Merchandise Value (GMV) growth of 29.7% to €163.9 million in Q1 FY22, compared to €126.4 million in Q1 FY21
Top-line strength evident by two-year GMV growth of 65.3% in Q1 FY22 vs. Q1 FY20
Strong gross profit margin of 49.0%, as compared to 46.4% in Q1 FY21
Continued strong profitability with adjusted EBITDA of €14.0 million compared to €10.4 million in Q1 FY21, representing strong growth of 34.4%
Increase of adjusted EBITDA margin to 8.9% from 8.3% in Q1 FY21

 

MYT Netherlands Parent B.V. (NYSE: MYTE) (“Mytheresa” or the “Company”), the parent company of Mytheresa Group GmbH, today announced financial results for its first quarter of fiscal year 2022 ended September 30, 2021. The luxury multi-brand digital platform delivered another quarter of strong growth with continued strong profitability.

 

Michael Kliger, Chief Executive Officer of Mytheresa, said, “We are extremely satisfied with our Q1 FY22 results. We see the strong results again as affirmation of our unique and superior value proposition to customers and brand partners at a global level, as well as excellent operational execution. Q1 FY22 saw Mytheresa cement its position as one of the world’s leading digital platforms for luxury fashion.”

 

Kliger continued, “The shift of consumer demand to online in luxury has clearly accelerated in recent months. We strongly believe this trend will continue in the post-pandemic world, probably reverting to the strong market growth rates we had seen before the pandemic. We will continue to deliver a superior customer experience and deepen our partnerships with the most coveted global brands. Given our strong financial momentum, excellent customer developments, and superior execution, we feel extremely confident to continue achieving strong results for full fiscal year 2022.”

 

FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER ENDED SEPTEMBER 30, 2021

 

GMV increase of 29.7% year-over-year to €163.9 million, as compared to €126.4 million in the prior year period
Net sales increase of 24.9% year-over-year to €157.8 million
Strong gross profit margin of 49.0%, as compared to 46.4% in the prior year period
Adjusted EBITDA of €14.0 million, as compared to €10.4 million in the prior year period
Adjusted operating income of €11.8 million, as compared to €8.4 million in the prior year period
Adjusted net income of €8.2 million, as compared to €5.4 million in the prior year period

RECENT BUSINESS HIGHLIGHTS

 

Strong Global Expansion:

 

Strong GMV growth across all geographies with +29.7% vs. Q1 FY21 and +65.3% vs. Q1 FY20
Strongest net sales growth in the United States with +48.7% vs. Q1 FY21 as market presence continues to grow
High-impact top customers events in Europe, China and the United States

Continued Brand Partnerships:

 

Exclusive capsule collections and pre-launches in collaboration with Saint Laurent, Gucci, The Row, Christian Louboutin, Tom Ford, Chloé and many more
“Money-can’t buy” physical brand experiences together with Givenchy and Tod’s
Successful start of Curated Platform Model (CPM) with first major brand partner

High-quality Customer Growth:

 

LTM growth of active customers by 35.2% reaching 705,000
Continued strong repurchase rates of new customer cohorts in FY21 vs. FY20
Strong growth of number of top customers with 41.0% in Q1 FY22 vs. Q1 FY21
Successful roll-out and expansion of new partnership with Vestiaire Collective offering a unique resale service for Mytheresa’s high-end luxury customers

Consistent Strong Operational Performance:

 

Maintained business continuity across all operations with focus on health and well-being of all Mytheresa employees as top priority
Introduced animal welfare policy and carbon neutrality as of Q1 FY22
Continued to have very high customer satisfaction with a Net Promoter Score of 83.0% in Q1 FY22
Achieved strong gross profit margin based on high full-price share of sales

BUSINESS OUTLOOK

 

For the full fiscal year ending June 30, 2022, we confirm our previous guidance, but increase our expectations regarding net sales:

 

GMV in the range of €750 million to €770 million, representing a 22% to 25% growth
Active customer growth of 22% to 25%, enlarging the customer base to 820,000 to 845,000 active customers
Net sales at €700 million to €720 million
Gross profit at €345 million to €355 million, representing a 21% to 24% growth
Adjusted EBITDA margin at the upper half of the long term range of 7% to 9%

The foregoing forward-looking statements reflect Mytheresa’s expectations as of today’s date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially. Mytheresa does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements.

 

CONFERENCE CALL AND WEBCAST INFORMATION

 

Mytheresa will host a conference call to discuss its first quarter of fiscal year 2022 financial results on November 11, 2021 at 8:00am Eastern Time. Those wishing to participate via webcast should access the call through Mytheresa’s Investor Relations website at https://investors.mytheresa.com. Those wishing to participate via the telephone may dial in at +1 (833) 979-2860 (USA) or +1 (236) 714-2917 (International). A replay will be available via webcast through Mytheresa’s Investor Relations website. The telephone replay will be available from 11:00am Eastern Time on November 11, 2021, through November 18, 2021, by dialing +1 (800) 585-8367 (USA) or +1 (416) 621-4642 (International). The replay passcode will be 9083117.

 

FORWARD LOOKING STATEMENTS

 

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to the impact of the COVID-19 global pandemic; future sales, expenses, and profitability; future development and expected growth of our business and industry; our ability to execute our business model and our business strategy; having available sufficient cash and borrowing capacity to meet working capital, debt service and capital expenditure requirements for the next twelve months; and projected capital spending. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements are only predictions. Actual events or results may differ materially from those stated or implied by these forward-looking statements. In evaluating these statements and our prospects, you should carefully consider the factors set forth below.

 

We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

 

The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make.

 

You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management’s beliefs and assumptions only as of the date such statements are made.

 

Further information on these and other factors that could affect our financial results is included in filings we make with the U.S. Securities and Exchange Commission (“SEC”) from time to time, including the section titled “Risk Factors” included in the form 20-F filed on October 15, 2021 under Rule 424(b)(4) of the Securities Act. These documents are available on the SEC’s website at www.sec.gov and on the SEC Filings section of the Investor Relations section of our website at: https://investors.mytheresa.com.

 

ABOUT NON-IFRS FINANCIAL MEASURES AND OPERATING METRICS

 

We review a number of operating and financial metrics, including the following business and non-IFRS metrics, to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. We present Adjusted EBITDA, Adjusted Operating Income and Adjusted Net Income because they are frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Further, we believe these measures are helpful in highlighting trends in our operating results, because they exclude the impact of items that are outside the control of management or not reflective of our ongoing operations and performance. Adjusted EBITDA, Adjusted Operating Income, and Adjusted Net Income have limitations, because they exclude certain types of expenses. We use Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income as supplemental information only. You are encouraged to evaluate each adjustment and the reasons we consider it appropriate for supplemental analysis.

 

Our non-IFRS financial measures include:

 

Adjusted EBITDA is a non-IFRS financial measure that we calculate as net income before finance expense (net), taxes, and depreciation and amortization, adjusted to exclude U.S. sales tax expenditures temporarily borne by us through the fourth quarter of fiscal year 2020, IPO preparation and transaction costs and share-based compensation expenses.
Adjusted Operating Income is a non-IFRS financial measure that we calculate as operating income, adjusted to exclude U.S. sales tax expenditures temporarily borne by us through the fourth quarter of fiscal year 2020, any IPO preparation and transaction costs and share-based compensation expenses.
Adjusted Net Income is a non-IFRS financial measure that we calculate as net income, adjusted to exclude U.S. sales tax expenditures temporarily borne by us, finance expenses on our Shareholder Loans, IPO preparation and transaction costs, share-based compensation expenses and related income tax effects.

We are not able to forecast net income (loss) on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect net income (loss), including, but not limited to, Income taxes and Interest expense and, as a result, are unable to provide a reconciliation to forecasted Adjusted EBITDA.

 

Gross Merchandise Value (GMV) means the total Euro value of orders processed. GMV is inclusive of merchandise value, shipping and duty. It is net of returns, value added taxes and cancellations. We view GMV as an operating metric.

 

ABOUT MYTHERESA

 

Mytheresa is one of the leading global luxury fashion e-commerce platforms. Mytheresa was launched in 2006 and offers ready-to-wear, shoes, bags and accessories for women, men and kids. The highly curated edit focuses on true luxury with designer brands such as Bottega Veneta, Burberry, Dolce & Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, Valentino and many more. Mytheresa’s unique digital experience is based on a sharp focus on high-end luxury shoppers, exclusive product and content offerings, leading technology and analytical platforms as well as high quality service operations. The NYSE listed company reported €612.1 million net sales (+36.2% vs. FY20) in its first fiscal year as a public company.

 

For more information, please visit https://investors.mytheresa.com/.

 

MYT Netherlands Parent B.V.

 

Financial Results and Key Operating Metrics
(Amounts in € millions)

 

        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Three Months Ended</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">September</p>
         

        <p class="bwalignc bwcellpmargin">30, 2020</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">September</p>
         

        <p class="bwalignc bwcellpmargin">30, 2021</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Change</p>
         

        <p class="bwalignc bwcellpmargin">in % / BPs</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">(in millions) (unaudited)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">Gross Merchandise Value (GMV)</p>


        <p class="bwalignr bwcellpmargin">€ 126.4</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 163.9</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">29.7%</p>


        <p class="bwcellpmargin">Active customer (LTM in thousands)</p>


        <p class="bwalignr bwcellpmargin">522</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">705</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">35.2%</p>


        <p class="bwcellpmargin">Total orders shipped (LTM in thousands)</p>


        <p class="bwalignr bwcellpmargin">1,168</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1,580</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">35.3%</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwcellpmargin">Net sales</p>


        <p class="bwalignr bwcellpmargin">€ 126.4</p>

         

        <p class="bwalignr bwcellpmargin">€ 157.8</p>

         

        <p class="bwalignr bwcellpmargin">24.9%</p>


        <p class="bwcellpmargin">Gross profit</p>


        <p class="bwalignr bwcellpmargin">€ 58.7</p>

         

        <p class="bwalignr bwcellpmargin">€ 77.3</p>

         

        <p class="bwalignr bwcellpmargin">31.8%</p>


        <p class="bwcellpmargin">Gross profit margin(1)</p>


        <p class="bwalignr bwcellpmargin">46.4%</p>

         

        <p class="bwalignr bwcellpmargin">49.0%</p>

         

        <p class="bwalignr bwcellpmargin">260 BPs</p>


        <p class="bwcellpmargin">Adjusted EBITDA(2)</p>


        <p class="bwalignr bwcellpmargin">€ 10.4</p>

         

        <p class="bwalignr bwcellpmargin">€ 14.0</p>

         

        <p class="bwalignr bwcellpmargin">34.4%</p>


        <p class="bwcellpmargin">Adjusted EBITDA margin(1)</p>


        <p class="bwalignr bwcellpmargin">8.3%</p>

         

        <p class="bwalignr bwcellpmargin">8.9%</p>

         

        <p class="bwalignr bwcellpmargin">60 BPs</p>


        <p class="bwcellpmargin">Adjusted Operating Income(2)</p>


        <p class="bwalignr bwcellpmargin">€ 8.4</p>

         

        <p class="bwalignr bwcellpmargin">€ 11.8</p>

         

        <p class="bwalignr bwcellpmargin">40.7%</p>


        <p class="bwcellpmargin">Adjusted Operating Income margin(1)</p>


        <p class="bwalignr bwcellpmargin">6.7%</p>

         

        <p class="bwalignr bwcellpmargin">7.5%</p>

         

        <p class="bwalignr bwcellpmargin">80 BPs</p>


        <p class="bwcellpmargin">Adjusted Net Income(2)</p>


        <p class="bwalignr bwcellpmargin">€ 5.4</p>

         

        <p class="bwalignr bwcellpmargin">€ 8.2</p>

         

        <p class="bwalignr bwcellpmargin">51.7%</p>


        <p class="bwcellpmargin">Adjusted Net Income margin(1)</p>


        <p class="bwalignr bwcellpmargin">4.3%</p>

         

        <p class="bwalignr bwcellpmargin">5.2%</p>

         

        <p class="bwalignr bwcellpmargin">90 BPs</p>


        <p class="bwcellpmargin bwalignl">(1)</p>


        <p class="bwcellpmargin">As a percentage of net sales.</p>


        <p class="bwcellpmargin bwalignl">(2)</p>


        <p class="bwcellpmargin">EBITDA, adjusted EBITDA, adjusted Operating Income, adjusted net income are measures not defined under IFRS. For further information about how we calculate these measures and limitations of its use, see above.</p>

    <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">MYT Netherlands Parent B.V.</p>

 

Financial Results and Key Operating Metrics
(Amounts in € millions)

 

The following are reconciliations of Adjusted EBITDA, Adjusted Operating Income, and Adjusted Net Income to their most directly comparable IFRS financial measures:

 

        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Three Months Ended</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">September</p>
         

        <p class="bwalignc bwcellpmargin">30, 2020</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">September</p>
         

        <p class="bwalignc bwcellpmargin">30, 2021</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Change</p>
         

        <p class="bwalignc bwcellpmargin">in %</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">(in millions) (unaudited)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">Net income</p>


        <p class="bwalignr bwcellpmargin">€ 9.6</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ (7.3)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(175.8%)</p>


        <p class="bwcellpmargin">Finance expenses, net</p>


        <p class="bwalignr bwcellpmargin">€ (5.2)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 0.2</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(103.7%)</p>


        <p class="bwcellpmargin">Income tax expense</p>


        <p class="bwalignr bwcellpmargin">€ 3.8</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 3.4</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(9.4%)</p>


        <p class="bwcellpmargin">Depreciation and amortization</p>


        <p class="bwalignr bwcellpmargin">€ 2.0</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 2.2</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">8.0%</p>


        <p class="bwcellpmargin">thereof depreciation of right-of use assets</p>


        <p class="bwalignr bwcellpmargin">€1.3</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 1.3</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">2.9%</p>


        <p class="bwcellpmargin">EBITDA</p>


        <p class="bwalignr bwcellpmargin">€ 10.2</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ (1.5)</p>

         

        <p class="bwalignr bwcellpmargin">(114.8%)</p>


        <p class="bwcellpmargin">IPO preparation and transaction costs(1)</p>


        <p class="bwalignr bwcellpmargin">€ 0.2</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 0.0</p>

         

        <p class="bwalignr bwcellpmargin">(100.0%)</p>


        <p class="bwcellpmargin">IPO-related and preceding share-based compensation(2)</p>


        <p class="bwalignr bwcellpmargin">€ 0.0</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 15.5</p>

         

        <p class="bwalignr bwcellpmargin">N/A</p>


        <p class="bwcellpmargin">Adjusted EBITDA</p>


        <p class="bwalignr bwcellpmargin">€ 10.4</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 14.0</p>

         

        <p class="bwalignr bwcellpmargin">34.4%</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Three Months Ended</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">September</p>
         

        <p class="bwalignc bwcellpmargin">30, 2020</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">September</p>
         

        <p class="bwalignc bwcellpmargin">30, 2021</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Change</p>
         

        <p class="bwalignc bwcellpmargin">in %</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">(in millions) (unaudited)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">Operating Income</p>


        <p class="bwalignr bwcellpmargin">€ 8.2</p>

         

        <p class="bwalignr bwcellpmargin">€ (3.7)</p>

         

        <p class="bwalignr bwcellpmargin">(145.1%)</p>


        <p class="bwcellpmargin">IPO preparation and transaction costs(1)</p>


        <p class="bwalignr bwcellpmargin">€ 0.2</p>

         

        <p class="bwalignr bwcellpmargin">€ 0.0</p>

         

        <p class="bwalignr bwcellpmargin">(100.0%)</p>


        <p class="bwcellpmargin">IPO-related and preceding share-based compensation(2)</p>


        <p class="bwalignr bwcellpmargin">€ 0.0</p>

         

        <p class="bwalignr bwcellpmargin">€ 15.5</p>

         

        <p class="bwalignr bwcellpmargin">N/A</p>


        <p class="bwcellpmargin">Adjusted Operating Income</p>


        <p class="bwalignr bwcellpmargin">€ 8.4</p>

         

        <p class="bwalignr bwcellpmargin">€ 11.8</p>

         

        <p class="bwalignr bwcellpmargin">40.7%</p>

    <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">MYT Netherlands Parent B.V.</p>

 

Financial Results and Key Operating Metrics
(Amounts in € millions)

 

        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Three Months Ended</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">September</p>
         

        <p class="bwalignc bwcellpmargin">30, 2020</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">September</p>
         

        <p class="bwalignc bwcellpmargin">30, 2021</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Change</p>
         

        <p class="bwalignc bwcellpmargin">in %</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">(in millions) (unaudited)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">Net Income</p>


        <p class="bwalignr bwcellpmargin">€ 9.6</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ (7.3)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(175.8%)</p>


        <p class="bwcellpmargin">IPO preparation and transaction costs(1)</p>


        <p class="bwalignr bwcellpmargin">€ 0.2</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 0.0</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(100.0%)</p>


        <p class="bwcellpmargin">IPO-related and preceding share-based compensation (2)</p>


        <p class="bwalignr bwcellpmargin">€ 0.0</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 15.5</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">N/A</p>


        <p class="bwcellpmargin">Finance expenses on shareholder loans (3)</p>


        <p class="bwalignr bwcellpmargin">€ (5.5)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 0.0</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(100.0%)</p>


        <p class="bwcellpmargin">Income tax effect(4)</p>


        <p class="bwalignr bwcellpmargin">€ 1.1</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 0.0</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(100.0%)</p>


        <p class="bwcellpmargin">Adjusted Net Income</p>


        <p class="bwalignr bwcellpmargin">€ 5.4</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">€ 8.2</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">51.7%</p>


        <p class="bwcellpmargin bwalignl">(1)</p>


        <p class="bwcellpmargin">Represents non-recurring professional fees, including consulting, legal and accounting fees, related to this offering, which are classified within selling, general and administrative expenses.</p>


        <p class="bwcellpmargin bwalignl">(2)</p>


        <p class="bwcellpmargin">In fiscal 2021, with the effective IPO, certain key management personnel received a one-time granted share-based compensation, these expenses will be recognized upon defined vesting schedules in the future periods. We do not consider these expenses to be indicative of our core operating performance.</p>


        <p class="bwcellpmargin bwalignl">(3)</p>


        <p class="bwcellpmargin">Our Adjusted Net Income excludes finance expenses associated with our Shareholder Loans, which we do not consider to be indicative of our core performance. We did not receive any cash proceeds under the Shareholder Loans, which originated as part of the Neiman Marcus acquisition in 2014. In January 2021, we repaid our Shareholder Loans (principal plus outstanding interest) using a portion of the net proceeds from our initial public offering.</p>


        <p class="bwcellpmargin bwalignl">(4)</p>


        <p class="bwcellpmargin">Reflects adjustments to historical income tax expense to reflect changes in taxable income for each of the periods presented due to changes in finance expenses related to the Shareholder Loans, assuming a statutory tax rate of 27.8%.</p>

    <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">MYT Netherlands Parent B.V.</p>

 

Unaudited Condensed Consolidated Statements of Profit and Comprehensive Income
(Amounts in € thousands, except share and per share data)

 

        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Three Months Ended</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">(in € thousands)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">September 30, 2020</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">September 30, 2021</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">Net sales</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">126,359</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">157,832</p>


        <p class="bwcellpmargin">Cost of sales, exclusive of depreciation and amortization</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(67,678)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(80,516)</p>


        <p class="bwcellpmargin">Gross profit</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">58,681</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">77,316</p>


        <p class="bwcellpmargin">Shipping and payment cost</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(14,833)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(19,966)</p>


        <p class="bwcellpmargin">Marketing expenses</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(17,441)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(22,427)</p>


        <p class="bwcellpmargin">Selling, general and administrative expenses</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(15,556)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(36,158)</p>


        <p class="bwcellpmargin">Depreciation and amortization</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(2,021)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(2,182)</p>


        <p class="bwcellpmargin">Other expense (income), net</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(621)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(281)</p>


        <p class="bwcellpmargin">Operating income</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">8,209</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(3,699)</p>


        <p class="bwcellpmargin">Finance income</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">8,291</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwcellpmargin">Finance costs</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(3,109)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(189)</p>


        <p class="bwcellpmargin">Finance income (costs), net</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">5,182</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(189)</p>


        <p class="bwcellpmargin">Income (loss) before income taxes</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">13,391</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(3,888)</p>


        <p class="bwcellpmargin">Income tax (expense) income</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(3,762)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(3,408)</p>


        <p class="bwcellpmargin">Net income (loss)</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">9,629</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(7,296)</p>


        <p class="bwcellpmargin">Cash Flow Hedge</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">871</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(1,081)</p>


        <p class="bwcellpmargin">Income Taxes related to Cash Flow Hedge</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(242)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">267</p>


        <p class="bwcellpmargin">Foreign currency translation</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(25)</p>


        <p class="bwcellpmargin">Other comprehensive income (loss)</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">629</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(839)</p>


        <p class="bwcellpmargin">Comprehensive income (loss)</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">10,258</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(8,136)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwcellpmargin">Basic and diluted earnings per share</p>


        <p class="bwalignr bwcellpmargin">€</p>


        <p class="bwalignr bwcellpmargin">0.14</p>


        <p class="bwalignr bwcellpmargin">€</p>


        <p class="bwalignr bwcellpmargin">(0.09)</p>


        <p class="bwcellpmargin">Weighted average ordinary shares outstanding (basic and diluted)</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">70,190,687</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">84,525,207</p>

    <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">MYT Netherlands Parent B.V.</p>

 

Unaudited Condensed Consolidated Statements of Financial Position
(Amounts in € thousands)

 

        <p class="bwcellpmargin">(in € thousands)</p>

         

        <p class="bwalignc bwcellpmargin">June 30, 2021</p>

         

        <p class="bwalignc bwcellpmargin">September 30, 2021</p>


        <p class="bwcellpmargin">Assets</p>

         
         
         
         

        <p class="bwcellpmargin">Non-current assets</p>

         
         
         
         

        <p class="bwcellpmargin">Intangible assets and goodwill</p>

         

        <p class="bwalignr bwcellpmargin">155,611</p>

         

        <p class="bwalignr bwcellpmargin">155,482</p>


        <p class="bwcellpmargin">Property and equipment</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">8,810</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">8,459</p>


        <p class="bwcellpmargin">Right-of-use assets</p>

         

        <p class="bwalignr bwcellpmargin">14,009</p>

         

        <p class="bwalignr bwcellpmargin">22,710</p>


        <p class="bwcellpmargin">Total non-current assets</p>

         

        <p class="bwalignr bwcellpmargin">178,430</p>

         

        <p class="bwalignr bwcellpmargin">186,651</p>


        <p class="bwcellpmargin">Current assets</p>

         

        <p class="bwcellpmargin"> </p>

         

        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwcellpmargin">Inventories</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">247,054</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">264,955</p>


        <p class="bwcellpmargin">Trade and other receivables</p>

         

        <p class="bwalignr bwcellpmargin">5,030</p>

         

        <p class="bwalignr bwcellpmargin">3,755</p>


        <p class="bwcellpmargin">Other assets</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">14,667</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">15,240</p>


        <p class="bwcellpmargin">Cash and cash equivalents</p>

         

        <p class="bwalignr bwcellpmargin">76,760</p>

         

        <p class="bwalignr bwcellpmargin">55,685</p>


        <p class="bwcellpmargin">Total current assets</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">343,510</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">339,635</p>


        <p class="bwcellpmargin">Total assets</p>

         

        <p class="bwalignr bwcellpmargin">521,941</p>

         

        <p class="bwalignr bwcellpmargin">526,286</p>

     
         

        <p class="bwcellpmargin"> </p>

         

        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwcellpmargin">Shareholders’ equity and liabilities</p>

         

        <p class="bwcellpmargin"> </p>

         

        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwcellpmargin">Subscribed capital</p>

         

        <p class="bwalignr bwcellpmargin">1</p>

         

        <p class="bwalignr bwcellpmargin">1</p>


        <p class="bwcellpmargin">Capital reserve</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">444,951</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">461,086</p>


        <p class="bwcellpmargin">Accumulated Deficit</p>

         

        <p class="bwalignr bwcellpmargin">(60,837)</p>

         

        <p class="bwalignr bwcellpmargin">(68,133)</p>


        <p class="bwcellpmargin">Other comprehensive income</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1,602</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">763</p>


        <p class="bwcellpmargin">Total shareholders’ equity</p>

         

        <p class="bwalignr bwcellpmargin">385,718</p>

         

        <p class="bwalignr bwcellpmargin">393,716</p>

     
         

        <p class="bwcellpmargin"> </p>

         

        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwcellpmargin">Non-current liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwcellpmargin">Provisions</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">717</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">734</p>


        <p class="bwcellpmargin">Lease liabilities</p>

         

        <p class="bwalignr bwcellpmargin">8,786</p>

         

        <p class="bwalignr bwcellpmargin">17,397</p>


        <p class="bwcellpmargin">Deferred tax liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">2,308</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">3,161</p>


        <p class="bwcellpmargin">Total non-current liabilities</p>

         

        <p class="bwalignr bwcellpmargin">11,811</p>

         

        <p class="bwalignr bwcellpmargin">21,292</p>


        <p class="bwcellpmargin">Current liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwcellpmargin">Tax liabilities</p>

         

        <p class="bwalignr bwcellpmargin">14,293</p>

         

        <p class="bwalignr bwcellpmargin">15,750</p>


        <p class="bwcellpmargin">Lease liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">5,361</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">5,459</p>


        <p class="bwcellpmargin">Contract liabilities</p>

         

        <p class="bwalignr bwcellpmargin">10,975</p>

         

        <p class="bwalignr bwcellpmargin">7,773</p>


        <p class="bwcellpmargin">Trade and other payables</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">43,558</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">27,222</p>


        <p class="bwcellpmargin">Other liabilities</p>

         

        <p class="bwalignr bwcellpmargin">50,225</p>

         

        <p class="bwalignr bwcellpmargin">55,073</p>


        <p class="bwcellpmargin">Total current liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">124,412</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">111,277</p>


        <p class="bwcellpmargin">Total liabilities</p>

         

        <p class="bwalignr bwcellpmargin">136,223</p>

         

        <p class="bwalignr bwcellpmargin">132,569</p>


        <p class="bwcellpmargin">Total shareholders’ equity and liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">521,941</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">526,286</p>

    <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">MYT Netherlands Parent B.V.</p>

 

Unaudited Condensed Consolidated Statements of Changes in Equity
(Amounts in € thousands)

 

        <p class="bwcellpmargin">(in € thousands)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Subscribed</p>
         

        <p class="bwalignc bwcellpmargin">capital</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Capital</p>
         

        <p class="bwalignc bwcellpmargin">reserve</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Accumulated</p>
         

        <p class="bwalignc bwcellpmargin">deficit</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Hedging</p>
         

        <p class="bwalignc bwcellpmargin">reserve</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Foreign</p>
         

        <p class="bwalignc bwcellpmargin">currency</p>
         

        <p class="bwalignc bwcellpmargin">translation</p>
         

        <p class="bwalignc bwcellpmargin">reserve</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Total</p>
         

        <p class="bwalignc bwcellpmargin">shareholders’</p>
         

        <p class="bwalignc bwcellpmargin">equity</p>

     

        <p class="bwcellpmargin"> </p>

         
         
         
         
         
         

        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>

         
         
         

        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwcellpmargin">Balance as of July 1, 2020</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">91,008</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(28,234)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>
         

        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1,602</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">64,377</p>


        <p class="bwcellpmargin">Net income</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">6,350</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">6,350</p>


        <p class="bwcellpmargin">Other comprehensive income</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">629</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">4,730</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">4,730</p>


        <p class="bwcellpmargin">Comprehensive income</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">6,350</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">629</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">4,730</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">11,080</p>


        <p class="bwcellpmargin">Share-based compensation</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>

         

        <p class="bwalignr bwcellpmargin">7</p>

         

        <p class="bwalignr bwcellpmargin">-</p>

         

        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>

         

        <p class="bwalignr bwcellpmargin">7</p>


        <p class="bwcellpmargin">Balance as of September 30, 2020</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">91,015</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(18,605)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">629</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1,602</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">74,642</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwcellpmargin">Balance as of July 1, 2021</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">444,951</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(60,837)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1,602</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">385,718</p>


        <p class="bwcellpmargin">Net income</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(7,296)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(7,296)</p>


        <p class="bwcellpmargin">Other comprehensive income</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(814)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(25)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(839)</p>


        <p class="bwcellpmargin">Comprehensive income</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(7,296)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(814)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(25)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(8,136)</p>


        <p class="bwcellpmargin">Share-based compensation</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">16,134</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">16,134</p>


        <p class="bwcellpmargin">Balance as of September 30, 2021</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">461,086</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(68,133)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(814)</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1,577</p>


        <p class="bwalignr bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">393,716</p>

    <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">MYT Netherlands Parent B.V.</p>

 

Unaudited Condensed Consolidated Statements of Cash Flows
(Amounts in € thousands)

 

        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin">Three Months ended September 30,</p>


        <p class="bwcellpmargin">(in € thousands)</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwcellpmargin bwalignc">2020</p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwcellpmargin bwalignc">2021</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwalignc bwcellpmargin"> </p>


        <p class="bwcellpmargin">Net income (loss)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">9,629</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(7,296)</p>


        <p class="bwcellpmargin">Adjustments for</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">Depreciation and amortization</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">2,021</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">2,182</p>


        <p class="bwcellpmargin">Finance (income) costs, net</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(5,182)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">189</p>


        <p class="bwcellpmargin">Share-based compensation</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">7</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">16,134</p>


        <p class="bwcellpmargin">Income tax expense</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">3,762</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">3,408</p>


        <p class="bwcellpmargin">Change in operating assets and liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin"> </p>


        <p class="bwcellpmargin">Increase in provisions</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">129</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">17</p>


        <p class="bwcellpmargin">Increase in inventories</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(33,328)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(17,901)</p>


        <p class="bwcellpmargin">(Increase) decrease in trade and other receivables</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(970)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1,274</p>


        <p class="bwcellpmargin">Decrease (increase) in other assets</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">1,980</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(519)</p>


        <p class="bwcellpmargin">(Decrease) increase in other liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">2,879</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">3,713</p>


        <p class="bwcellpmargin">Increase (decrease) in contract liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">600</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(3,202)</p>


        <p class="bwcellpmargin">Increase (decrease) in trade and other payables</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(14,905)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(16,336)</p>


        <p class="bwcellpmargin">Income taxes paid</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(831)</p>


        <p class="bwcellpmargin">Net cash provided by (used in) operating activities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(33,378)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(19,166)</p>


        <p class="bwcellpmargin">Expenditure for property and equipment and intangible assets</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(904)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(356)</p>


        <p class="bwcellpmargin">Net cash (used in) investing activities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(904)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(356)</p>


        <p class="bwcellpmargin">Interest paid</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(547)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(189)</p>


        <p class="bwcellpmargin">Proceeds from bank liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">37,810</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwcellpmargin">Repayment of liabilities from banks</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(5,000)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">-</p>


        <p class="bwcellpmargin">Payment of lease liabilities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(1,429)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(1,339)</p>


        <p class="bwcellpmargin">Net cash (used in) provided by financing activities</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">30,834</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(1,528)</p>


        <p class="bwcellpmargin">Net increase (decrease) in cash and cash equivalents</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(3,448)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(21,050)</p>


        <p class="bwcellpmargin">Cash and cash equivalents at the beginning of the period</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">9,367</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">76,760</p>


        <p class="bwcellpmargin">Effects of exchange rate changes on cash and cash equivalents</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(19)</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">(25)</p>


        <p class="bwcellpmargin">Cash and cash equivalents at end of the period</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">5,900</p>


        <p class="bwcellpmargin"> </p>


        <p class="bwalignr bwcellpmargin">55,685</p>

    <p> </p>

 

 

Disclaimer:
This Press Release has not been vetted or endorsed by The Eastern Herald’s editorial staff.
Follow us on:
Business Wire India
The Business Wire India news distribution platform ensures that your news is disseminated instantaneously through key information systems.

Public Reaction