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 2024 Boozt AB Earnings Call Transcript

Nov 05, 2024 / 08:30AM GMT

Release Date Price: $10.2

Transcript

Hermann Haraldsson

Boozt AB - Group Chief Executive Officer, Co-Founder

Thank you and good morning, all and welcome to our Q3 2024 financial presentation.

Let's go to the to the first slide or highlights the market trends observed in the first half of the year have as expected continued into the second half where consumers across conscience as well as holding back.

That said revenue growth in the third quarter was 6% and excluding currency FX growth was 3% higher at 9% and in line with what we delivered in the first six months of 2024.

The quarter was quite bumpy with regards to consumer demand, especially August, which was impacted by the very warm weather. September compensated somewhat for a poor August with a return to double duty growth even though we don't like to talk too much about whether we saw an immediate effect in September when it got colder in the region and customers started to buy into the autumn winter collection.

Overall growth was driven by a solid increase in active customers across the region while average order value was slightly down due to

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