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

Q1 2023 Boozt AB Earnings Call Transcript

Apr 27, 2023 / 07:30AM GMT

Release Date Price: $11.45

Transcript

Operator

Welcome to Boozt Q1 Report 2023. (Operator Instructions) Now I will hand the conference over to the speakers; CEO, Hermann Haraldsson; and CFO, Sandra Gadd. Please go ahead.

Hermann Haraldsson;publ;Co;Founder;Group CEO

Boozt AB

()--&

Thank you, and welcome all to our Q1 '23 webcast. Let's dive into the first slide, the key highlights. And -- yes, we would like to stress that the continued execution of our Nordic Department Store strategy has enabled us to continue growing the business profitably in the first quarter of 2023. And this was actually despite quiet consumer spending and also some late Spring/Summer '23 sales due to the cold weather conditions in the Nordics during March.

Considering this as well as strong comps last year, the quarter is actually slightly better than we expected, both on revenue growth as well as adjusted EBIT. From the start, we expected the high promotional landscape that we experienced during the fourth quarter of '22 to continue into the first half of

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