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

Q3 2023 Boozt AB Earnings Call Transcript

Nov 07, 2023 / 08:30AM GMT

Release Date Price: $8.4 (+8.95%)

Transcript

Operator

Welcome to Boozt Q3 presentation for 2023.(Operator Instructions) Now I will hand the conference over to CEO, Hermann Haraldsson and CFO, Sandra Gadd. Please go ahead.

Hermann Haraldsson;publ;Co;Founder;Group CEO

Boozt AB

()--&

Good morning all, and welcome to our Q3 earnings call. Let's just dive into it straight away into the first slide, the key highlights. I would like to say that our Nordic Department Store strategy continued to demonstrate the strengths as we accelerated our net revenue growth in the quarter at the same time as we made a significant jump in our profitability. So even though the market was quite muted, we've managed to grow our net revenue by 16.7% and deliver an adjusted EBIT margin of 4.3%. The growth was driven by a strong growth come back by Booztlet as well as a growth in the active customer base on Boozt.com combined with more customers buying multiple categories. And even though the market was characterized by very high proportion activity due to weak consumer

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