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

Q2 2023 Boozt AB Earnings Call Transcript

Aug 18, 2023 / 07:30AM GMT
Release Date Price: $10.8
Operator

Welcome to the Boozt Q2 2023 Report Presentation. (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. Good morning, everyone, and welcome to our Q2 webcast 2023. Let's just jump right into it and go to our first key highlights. Basically, our Nordic Department Store continued to demonstrate its strength in the quarter as we grew 8.6% in a market that was quite depressed. This is, to a large degree, driven by the migration from single category to multi-category customers, and this is exactly what we are aiming for. Even though the market was characterized by very high promotional activity due to peers offsetting to a high inventory level we actually managed to increase our gross margin due to a very well-balanced inventory mix supported by campaign buys. The higher gross margin compensated for an increased inflationary pressure enabling us

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot