BOOZT AB Financial highlights
- Net revenue increased 6% to
SEK 1,614 million (Q1 2023: 1,525), driven by bothBoozt.com (+4%) and Booztlet.com (+13%) - Average order value on
Boozt.com increased toSEK 964 (935), an increase of 3% vs Q1 2023 - Gross margin was 38.9%% up from 38.5% in Q1 2023
- Adjusted EBIT was
SEK 20 million (17) corresponding to an adjusted EBIT margin of 1.2% (1.1%) - EBIT was
SEK -3 (-2) corresponding to an EBIT margin of -0.2% (-0.2%) - Net profit for the period was
SEK 2 million (-5) - Free cash flow was
SEK -685 million (-731) - During the first quarter,
Boozt repurchased own shares to the value ofSEK 98 million (0) - Outlook for 2024 is unchanged at 5-15% net revenue growth and an adjusted EBIT margin of 5.2-6.0%.
Co-Founder & CEO
| SEK million unless otherwise indicated | Q1 2024 | Q1 2023 | Change | Rolling 12 months |
| GROUP | ||||
| Net revenue | 1,614 | 1,525 | 6% | 7,845 |
| EBIT | -3 | -2 | -16% | 299 |
| Adjusted EBIT | 20 | 17 | 17% | 403 |
| Earnings for the period | 2 | -5 | n.a. | 241 |
| Free cash flow | -685 | -731 | 6% | 52 |
| Net revenue growth (%) | 6% | 7% | -1pp | 15% |
| Gross margin (%) | 38.9% | 38.5% | 0.4pp | 39.3% |
| EBIT margin (%) | -0.2% | -0.2% | -0.0pp | 3.8% |
| Adjusted EBIT margin (%) | 1.2% | 1.1% | 0.1pp | 5.1% |
Telephone conference / audiocast
Boozt’s Group CEO,
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.
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