LuxExperience Group has delivered its first quarter of top line growth and positive Adjusted EBITDA since rebranding, with net sales rising 5.7% at constant exchange rates and margins back in the black, fully in line with its transformation plan.
The Munich based luxury e commerce group, which now houses Mytheresa , NET A PORTER , MR PORTER , and YOOX , also generated strong operating cash flow and reaffirmed medium term targets of €4 billion in net sales and a 7% to 9% Adjusted EBITDA margin. Group Q2 FY26: Back
To Profit On Adjusted EBITDA In the second quarter of fiscal 2026 , ended December 31, 2025 , LuxExperience posted net sales of €645.1 million , up 1.1% reported and 5.7% ex FX, with gross merchandise value (GMV) of €684.8 million , up 0.2% reported and 4.7% ex FX year over year.
Group Adjusted EBITDA came in at €13.2 million , equivalent to a 2.0% Adjusted EBITDA margin, marking a return to profitability on this metric after prior quarter losses. The transformation program is already visible in costs.
The Group’s Adjusted SG&A cost ratio fell 180 basis points year over year to 19.1% of GMV in Q2 FY26 (excluding capitalized IT development costs), reflecting tighter operating discipline and early savings from infrastructure consolidation and workforce reductions.
Operating cash flow was another bright spot, reaching €118.5 million in the quarter, underscoring the business’s ability to fund its own turnaround. CEO: ‘Secret Sauce In Digital Luxury’ Michael Kliger, CEO of LuxExperience , said , “We are extremely pleased with the results of the second quarter…
