Boozt AB

BOOZT

Equity

ISIN SE0009888738 / Valor 36882633

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-11)

SEK 125.70-0.95%

Boozt AB
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About company

Boozt AB is a full-service e-commerce provider registered with the Swedish Chamber of Commerce, offering a wide selection of clothes, shoes, and accessories for the entire family through its online platform Boozt.com. The company, which opened in 2011, provides a shopping experience with daily new arrivals and good offers from over 600 Scandinavian and international designer brands. Boozt.com prioritizes customer safety and satisfaction by utilizing Secure Socket Layer technology for a secure shopping experience, reflected in its high rating of 4.6 out of 5 stars on Trustpilot.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Net Revenue Growth

In Q1 2024, Boozt AB reported a net revenue increase of 6% to SEK 1,614 million, up from SEK 1,525 million in Q1 2023. This growth was driven by both Boozt.com, which saw a 4% increase, and Booztlet.com, which experienced a 13% rise in revenue.

Average Order Value

The average order value (AOV) on Boozt.com increased to SEK 964 in Q1 2024, up from SEK 935 in Q1 2023, marking a 3% increase. Similarly, Booztlet.com saw its AOV rise to SEK 979 from SEK 920, a 6% increase compared to the same period last year.

Gross Margin

Boozt AB's gross margin improved slightly in Q1 2024, reaching 38.9%, compared to 38.5% in Q1 2023. This improvement reflects the company's ability to manage costs and maintain profitability despite challenging market conditions.

Adjusted EBIT

Adjusted EBIT for Boozt AB in Q1 2024 was SEK 20 million, up from SEK 17 million in Q1 2023, representing a 17% increase. The adjusted EBIT margin also saw a slight improvement, rising to 1.2% from 1.1% in the previous year.

Net Profit

Boozt AB reported a net profit of SEK 2 million for Q1 2024, a significant improvement from a net loss of SEK 5 million in Q1 2023. This positive shift underscores the company's efforts to enhance profitability and operational efficiency.

Summarized from source with an LLMView Source

Key figures

-0.95%1Y

-24.4%3Y

132%5Y

Performance

38.8%1Y

50.7%3Y

50.9%5Y

Volatility