Boozt AB (OTCPK:BOZTY)

$ 11.6 -0.6 (-4.92%) Market Cap: 795.44 Mil Enterprise Value: 821.56 Mil PE Ratio: 39.61 PB Ratio: 3.00 GF Score: 89/100

Q3 2019 Boozt AB Earnings Call Transcript

Nov 14, 2019 / 08:30AM GMT

Release Date Price: $5.56 (-12.58%)

Transcript

Operator

Hello, and welcome to Boozt Q3 2019 report. Today, I am pleased to present CEO, Hermann Haraldsson; and CFO, Allan Junge-Jensen. (Operator Instructions) Speakers, please begin.

Hermann Haraldsson;publ;Co;Founder;Group CEO

Boozt AB

()--&

Yes, hello, good morning. This is Hermann. Welcome to our Q3 presentation. If we go to the first page, which is the key highlights. Just briefly looking at the key highlights, we had 22% net revenue growth in the quarter, and which was Boozt 19% and Booztlet 90%. And as we say, growth was impacted by a bit softer apparel markets in Sweden and Denmark during the quarter.

Positive is that the KPIs are trending in the right direction, Americas. Reported gross margin was down in the quarter due to less consignment sales and an early write-down on Boozt.com stock. But at the same time, we've seen that during the season, during the autumn/winter season, winter now, we have seen an improving gross margin. So that's a positive -- has a positive outlook also

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