MYT Netherlands Parent B.V. Files 20-F Annual Report

TL;DR

MYT Netherlands Parent B.V. 20-F filed: $155M assets, $35M liabilities. Check it out.

AI Summary

MYT Netherlands Parent B.V. filed its 20-F annual report for the fiscal year ending June 30, 2024. The company, operating in the retail catalog and mail-order houses sector, reported significant financial figures including total assets of $154.95 million and liabilities of $34.76 million. The filing also details various equity components and performance-based share awards.

Why It Matters

This filing provides investors with a comprehensive overview of MYT Netherlands Parent B.V.'s financial health and operational performance for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: medium — As a foreign private issuer filing a 20-F, the company is subject to different reporting and regulatory standards compared to domestic US companies, which can introduce complexity and potential risks for investors.

Key Numbers

• $154.95M — Total Assets (Represents the company's total asset value as of the fiscal year end.)
• $34.76M — Total Liabilities (Indicates the company's total debt and other obligations.)
• 113,507,000 — Shares Outstanding (Number of shares of common stock outstanding.)
• $2.619M — Goodwill (Represents the value of goodwill as of the fiscal year end.)
• $1.969M — Intangible Assets (Represents the value of intangible assets as of the fiscal year end.)

Key Players & Entities

• MYT Netherlands Parent B.V. (company) — Filer of the 20-F report
• 0001104659-24-099133 (accession_number) — SEC filing accession number
• 20240630 (date) — Fiscal year end date
• 0001831907 (company_id) — Central Index Key for MYT Netherlands Parent B.V.
• Einsteinring 9, Aschheim/Munich, 85609 (address) — Business and mailing address

FAQ

Key Financial Figures

• $1.092 — ations were made at the rate of 1.00 to $1.092 and 1.00 to $1.0711, the noon buying ra
• $1 — the rate of 1.00 to $1.092 and 1.00 to $1.0711, the noon buying rate of the Feder

Filing Documents

• myte-20240630x20f.htm (20-F) — 4140KB
• myte-20240630xex4d1.htm (EX-4.1) — 179KB
• myte-20240630xex4d9.htm (EX-4.9) — 303KB
• myte-20240630xex8d1.htm (EX-8.1) — 9KB
• myte-20240630xex11d1.htm (EX-11.1) — 152KB
• myte-20240630xex12d1.htm (EX-12.1) — 12KB
• myte-20240630xex12d2.htm (EX-12.2) — 11KB
• myte-20240630xex13d1.htm (EX-13.1) — 11KB
• myte-20240630xex15d1.htm (EX-15.1) — 2KB
• myte-20240630xex97.htm (EX-97) — 29KB
• myte-20240630x20f008.jpg (GRAPHIC) — 17KB
• myte-20240630x20f009.jpg (GRAPHIC) — 18KB
• myte-20240630x20f010.jpg (GRAPHIC) — 17KB
• myte-20240630x20f011.jpg (GRAPHIC) — 18KB
• myte-20240630x20f012.jpg (GRAPHIC) — 17KB
• myte-20240630x20f013.jpg (GRAPHIC) — 86KB
• myte-20240630x20f014.jpg (GRAPHIC) — 32KB
• myte-20240630x20f015.jpg (GRAPHIC) — 18KB
• myte-20240630x20f016.jpg (GRAPHIC) — 27KB
• myte-20240630x20f017.jpg (GRAPHIC) — 45KB
• myte-20240630xex4d9002.jpg (GRAPHIC) — 4KB
• 0001104659-24-099133.txt ( ) — 17864KB
• myte-20240630.xsd (EX-101.SCH) — 121KB
• myte-20240630_cal.xml (EX-101.CAL) — 75KB
• myte-20240630_def.xml (EX-101.DEF) — 464KB
• myte-20240630_lab.xml (EX-101.LAB) — 807KB
• myte-20240630_pre.xml (EX-101.PRE) — 704KB
• myte-20240630x20f_htm.xml (XML) — 3537KB

: Identity of directors, senior management and advisers

Item 1: Identity of directors, senior management and advisers 9

: Offer statistics and expected timetable

Item 2: Offer statistics and expected timetable 9

: Key Information

Item 3: Key Information 9

: Information on the company

Item 4: Information on the company 45

: Unresolved staff comments

Item 4A: Unresolved staff comments 55

: Operating and financial review and prospects

Item 5: Operating and financial review and prospects 56

Directors, Senior Management and Employees

Item 6. Directors, Senior Management and Employees 74

: Major shareholders and related party transactions

Item 7: Major shareholders and related party transactions 89

Financial Information

Item 8. Financial Information 91

The Offer and Listing

Item 9. The Offer and Listing 92

Additional Information

Item 10. Additional Information 92

Quantitative and qualitative Disclosures about Market Risk

Item 11. Quantitative and qualitative Disclosures about Market Risk 109

Description of Securities Other than Equity Securities

Item 12. Description of Securities Other than Equity Securities 110 PART II 111

Defaults, Dividend Arrearages and Delinquencies

Item 13. Defaults, Dividend Arrearages and Delinquencies 111

Material Modifications to the Rights of Security Holders and Use of Proceeds

Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 111

Controls and Procedures

Item 15. Controls and Procedures 111

Audit Committee Financial Expert

Item 16A. Audit Committee Financial Expert 112

Code of Ethics

Item 16B. Code of Ethics 112

Principal Accountant Fees and Services

Item 16C. Principal Accountant Fees and Services 112

Exemptions from the Listing Standards for Audit Committees

Item 16D. Exemptions from the Listing Standards for Audit Committees 112

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 112

Change in Registrant's Certifying Accountant

Item 16F. Change in Registrant's Certifying Accountant 112

Corporate Governance

Item 16G. Corporate Governance 113

Mine Safety Disclosure

Item 16H. Mine Safety Disclosure 115

Disclosure regarding foreign jurisdictions that prevent inspections

Item 16I. Disclosure regarding foreign jurisdictions that prevent inspections 115

Insider trading policies

Item 16J. Insider trading policies 115

Cybersecurity

Item 16K. Cybersecurity 115 PART III 117

Financial Statements

Item 17. Financial Statements 117

Financial Statements

Item 18. Financial Statements 117

Exhibits

Item 19. Exhibits 118

SIGNATURES

SIGNATURES 119 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 3 Table of Contents PRESENTATION OF FINANCIAL AND OTHER INFORMATION We report under International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board (the "IASB"), which differ in certain significant respects from U.S. generally accepted accounting principles ("U.S. GAAP"). None of our financial statements were prepared in accordance with U.S. GAAP. The consolidated financial statements and financial information included in this Annual Report on Form 20-F were prepared for MYT Netherlands Parent B.V. and its subsidiaries, including Mytheresa Group GmbH ("MGG"). Except where the context otherwise requires or where otherwise indicated, references to the financial information of MYT Netherlands Parent B.V. includes its consolidated subsidiaries. Our financial information is presented in Euros. For the convenience of the reader, we have translated some of our financial information into U.S. Dollars. Unless otherwise indicated, these translations were made at the rate of 1.00 to $1.092 and 1.00 to $1.0711, the noon buying rate of the Federal Reserve Bank of New York on June 30, 2023 and June 30, 2024, respectively. Such U.S. Dollar amounts are not necessarily indicative of the amounts of U.S. Dollars that could actually have been purchased upon exchange of Euros at the dates indicated. All references in this Annual Report to "dollar," "USD" or "$" mean U.S. Dollars and all references to "" or "euro" mean Euros. Our fiscal year begins on July 1 and ends on June 30 of the following year, e.g. fiscal 2024 relates to the year ended June 30, 2024. We have made rounding adjustments to some of the figures contained in this Annual Report. Accordingly, numerical figures shown as totals in some tables may not be exact arithmetic aggregations of the figures that preceded them. Defined Terms and key Performance Indicators in this Annual Report Throughout this Ann

: Identity of directors, senior management and advisers

Item 1: Identity of directors, senior management and advisers Not applicable.

: Offer statistics and expected timetable

Item 2: Offer statistics and expected timetable Not applicable.

: Key Information

Item 3: Key Information A. [Reserved] B. Capitalization and Indebtedness Not applicable. C. Reasons for the Offer and Use of Proceeds Not applicable. D. Risk Factors Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks and uncertainties described below, which we believe are material risks of our business. Our business, financial condition, results of operations or growth prospects could be harmed by any of these risks. In such an event, the value of our securities could decline, and you may lose all or part of your investment. In assessing these risks, you should also refer to all of the other information contained in this report, including our consolidated financial statements and related notes. Please also see "Cautionary Statement Regarding Forward-Looking Statements." Risks Related to Our Business and Industry The online luxury sector is highly competitive and if we do not compete effectively, our results of operations could be adversely affected. The online luxury sector is highly competitive and fragmented. We compete for customers primarily with other global multi-brand online luxury retailers and online marketplaces, luxury mono-brand retailers and luxury multi-brand retailers, and to a lesser extent specialty retailer, department stores, apparel chains, stand-alone boutiques, traffic aggregators, luxury pre-owned and consignment stores, off-price retailers and flash sale websites. We believe our ability to compete depends on many factors within and beyond our control, including: attracting new customers and retaining existing customers; enhancing our relationships with existing customers; attracting customers from our brand partners' increasing online offerings and capabilities; converting online viewing to online purchases; further developing our data analytics capabilities; maintaining favorable brand recognition and effectively marketing our services to

View Full Filing

View this 20-F filing on SEC EDGAR