Q4 2024 MYT Netherlands Parent BV Earnings Call Transcript
Key Points
- Strong revenue growth and positive adjusted EBITDA in the fourth quarter.
- Significant growth in the United States market, with a 22.8% increase in full fiscal year 2024.
- Record high average order value of EUR703, showcasing successful focus on high-end luxury brands.
- Decreased customer acquisition costs by 2.5% in the fourth quarter.
- High customer satisfaction with an internal net promoter score of 83% in Q4 fiscal year 2024.
- Ongoing macroeconomic uncertainties impacting demand, particularly in China and Asia.
- Gross profit margin slippage in Q4 fiscal year 2024, reducing by 150 basis points.
- Promotional intensity in the market by competitors affecting overall profitability.
- Inventory levels still above target, with days inventory outstanding (DIO) at 296 days.
- Challenges in the aspirational customer segment, with slower normalization expected over the next few seasons.
Thanks. Greetings, and welcome to the Mytheresa fourth quarter and full fiscal 2024 earnings conference call. (Operator Instructions) Today's call is being recorded, and we have allocated one hour for prepared remarks and Q&A. (Operator Instructions) Thank you.
It is now my pleasure to introduce your host, Martin Beer, Mytheresa's Chief Financial Officer. Thank you, sir. Please begin.
Thank you, operator, and welcome, everyone, to Mytheresa's investor conference call for the fourth quarter and full fiscal year 2024. With me today is our CEO, Michael Kliger.
Before we begin, we'd like to remind you that our discussions today will include forward-looking statements. Any comments we make about expectations are forward-looking statements and are subject to risks and uncertainties, including the risks and uncertainties described in our annual report.
Many factors could cause actual results to differ materially. We are under no duty to
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