Boozt

Financial highligths

• Net revenue increased 6% to SEK 1,651 million (Q3 2023: 1,550) or 9% in local currency
• Growth was driven by both Boozt.com (+5%) and Booztlet.com (+13%)
• Gross margin was 38.6%, down from 39.8% in Q3 2023
• Adjusted EBIT was SEK 54 million (67) corresponding to an adjusted EBIT margin of 3.3% (4.3%)
  • The margin in the quarter was negatively impacted by currency with around 1 percentage point
• EBIT was SEK 28 million (53) corresponding to an EBIT margin of 1.7% (3.4%)
• Profit for the period was SEK 15 million (29)
• Free cash flow increased to SEK -17 million (-94)
• Outlook for 2024 is unchanged at 7-11% net revenue growth and an adjusted EBIT margin of 5.2-5.7%
• Year-to-date, Boozt has repurchased 923,500 own shares, corresponding to 1.4% of the share capital
• Event after the reporting date: Norwegian High Court rejects appeal. The decision will eventually relieve Boozt of the obligation to pay Norwegian import duties. For FY 2023, import duties in Norway was approx. SEK 50 million.

Co-Founder & CEO Hermann Haraldsson says: “Given the challenging circumstances, we are satisfied with the development in the third quarter. We continue to operate in a muted retail environment, where customers are very cost conscious. Additionally, campaign goods, which can aid us in attracting the customers, remains difficult to attain. Still, we continue to see an increase in active customers on each and every market that we operate in. In total, active customers on Boozt.com and Booztlet.com combined increased with 12% in the quarter to a total of 3.7 million customers. Now, it's crunch time as we embark on the most important part of the year. Our team is well-prepared for the season and our inventories are healthy and well-equipped for the busy period ahead.”

Telephone conference / audiocast
Boozt’s Group CEO, Hermann Haraldsson, and Group CFO, Sandra Gadd, will present the Q3 report at a telephone conference / audiocast at 09.30 CET on Tuesday, November 5, 2024. The presentation will be held in English and will be followed by a Q&A session.

If you wish to participate via webcast please use this link. Via the webcast you are able to ask written questions.

If you wish to participate via teleconference please register on this link. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.

For presentation material, please visit Boozt’s website.