The earnings call reveals mixed results: Mytheresa shows strong growth, but NET-A-PORTER and MR PORTER face declines. Overall group sales declined, but there are positive signs in profitability and margin improvements. The Q&A highlights cautious optimism, with improved EBITDA guidance and growth potential in the U.S. However, unclear responses about regional growth and restructuring risks temper the outlook. The lack of market cap data suggests a neutral prediction, as the positive and negative factors balance each other out.