MYT Netherlands (MYTE) has released an update.
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MYT Netherlands Parent B.V. reported a 7.6% increase in net sales to €201.7 million for the quarter ended September 30, 2024, amidst a challenging economic environment. Despite the rise in gross profit by 11.5%, the company faced a net loss of €23.5 million, more than doubling from the previous year. However, the adjusted EBITDA showed a significant improvement, reaching €2.9 million, indicating potential operational efficiencies.
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