Earnings release
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ABOUT YOU ABOUT YOU reports strong Q1 2021/22 results and reiterates full - year guidance Strong group trading in Q1 2021/22 , group net revenue grew 65.5 % YoY as markets are transitioning out of lockdown • Solid improvement in customer experience led to growth in LTM key customer metrics such as number of active customers , average order frequency , and order value • • • TME segment showed sound growth with net revenue up 135.8 % YoY , supported by buoyant post - COVID momentum in the media and enabling sections ABOUT YOU progressed on its international rollout and expanded pan- European footprint by 3 markets , now present in 26 markets² Adjusted group EBITDA margin improved to ( 2.9 ) % in Q1 2021/22 , supported by solid and sustained profitability gains in the ABOUT YOU DACH and Tech , Media , and Enabling ( TME ) segments • ABOUT YOU reiterates full - year guidance , but believes it is realistic to reach the upper half of the € 1,630-1,750 million guided net revenue range ( + 40-50 % YoY area ) Hamburg , ( 22 ) July 2021 - ABOUT YOU Holding AG ( " ABOUT YOU " ) , Europe's fastest- growing online fashion platform of scale , today reported its first set of quarterly financial results as a listed company . The results for the first quarter ended on 31 May 2021 demonstrate continued stable growth across all segments as ABOUT YOU accelerated by its European expansion . As more and more countries transitioned out of COVID - 19- related lockdowns , first quarter net revenues grew 65.5 % YoY to € 422.1 million ( FY 2020/21 : € 255.1 million ) , underscoring the strength of ABOUT YOU's fully digital business model . Tarek Müller , co - founder and Co - CEO , responsible for Marketing & Brand : " In Q1 we had a strong start to our financial year in line with our expectations , driven by our continued focus on providing the most inspiring and personalised shopping experience to our customers . Our successful listing in June has boosted both our visibility and our financial strength , allowing us to push ahead full steam with our mission to digitise the offline shopping stroll . Our results proved the power of our unique business model and show that ABOUT YOU continues to be the preferred fashion destination for the young and fashion - conscious consumer across Europe . " ABOUT YOU continued to focus heavily on improving its customer experience , through initiatives such as launching exclusive collections and personal brands with influencers , including celebrated German musician and influencer Lena Meyer - Landrut , adding several new brands to its hybrid fashion platform - such as Weekday , Allsaints , or Pinko - and further increasing the items online , reaching 426k in Q1 2021/22 , up by 27,5 % YoY . As a result of the various initiatives , ABOUT YOU saw an increase in active customers to 9.2 million in Q1 2021/22 , up from 6.5 million a year ago . At the same time , the average 1 LTM : last twelve months 2 As of 22 July 2021 , Norway launched in June 2021