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Impacts to the consolidated financial statements due to economic recession, inflation and war in Ukraine as well as in the Middle East | 12 Months Ended
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Jun. 30, 2024
Impacts to the consolidated financial statements due to economic recession, inflation and war in Ukraine as well as in the Middle East |
Impacts to the consolidated financial statements due to economic recession, inflation and war in Ukraine as well as in the Middle East |
3. | Impacts to the consolidated financial statements due to economic recession, inflation and war in Ukraine as well as in the Middle East.
As of the reporting date, the Group has maintained operational stability, experiencing no major disruptions in its supply chain, logistics, or partnerships. The global economic uncertainties, exacerbated by the war in Ukraine and Middle East and other geopolitical factors, may impact the Group’s business activities and future sales. The inflationary pressures are affecting customer prices, and Mytheresa Group considers expected increases in recommended retail prices from suppliers in its pricing strategy. Despite the luxury product market showing resilience to inflation-induced demand shifts, the Group is not immune to increased cost inflation in various aspects of its business model. Furthermore, macro-economic factors such as rising interest rates may contribute to a potential recession in certain markets, leading to a temporary negative impact on overall customer demand and sentiment. These economic uncertainties, coupled with the effects of geopolitical events, may pose challenges to Mytheresa Group’s brand partners, customers, and other business activities. The negative effect of these economic uncertainties e.g. of softer customer demand, were visible in the year ended June 30, 2024,

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