
LuxExperience (LUXE) remains a Buy, offering high alpha potential and speculative risk as it targets €4 billion in sales and 7-9% adjusted EBITDA margin by FY 2030. Q4 saw all segments, even YOOX, outperform expectations, with MyTheresa delivering 10.2% sales growth and 13.1% AOV increase, and NET-A-PORTER nearing breakeven. LUXE projects €200-€300 million in cash by FY 2030, is authorized for share buybacks, and expects to reach breakeven by FY 2028, boosting investor confidence.










