Boozt AB (OTCPK:BOZTY)

$ 12.2 0 (0%) Market Cap: 795.44 Mil Enterprise Value: 821.56 Mil PE Ratio: 39.61 PB Ratio: 3.00 GF Score: 89/100

Q4 2023 Boozt AB Earnings Call Transcript

Feb 08, 2024 / 08:30AM GMT

Release Date Price: $13.2

Transcript

Hermann Haraldsson Boozt AB;publ;Co;founder;Group CEO

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Thank you. Welcome all to our Q4 2023 webcast.

Yeah, I think let's just dive into it and go to the first the first slide with the key highlights. Yeah, the solid momentum we saw in the third quarter continues into the final quarter of the year, where we increased the top line with 23% or 21%, if you adjust for currency.

The growth was supported by both of our shops, Boozt.com and Booztlet who both continue to reap the benefits from a Nordic department store offering. In Q2 this year, we expanded our offering and Booztlet to offer a broader assortment, including more of our categories. And this has been really well received by both new and existing customers.

We've also continue to see an increase in multi buyers, meaning customers who buy from more than one category. In Q4, 51% of our customers did that, and I will come back to this in the following slides. And other thing benefiting from a broad offering is the average order value, which continues to increase

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