Boozt (One-pager): Continued growth guided for 2024
Boozt published its Q4 2023 and full-year 2023 earnings last week realising 15% topline growth year-on-year, with an adj.EBIT margin improvement to 5.2% (from 4.2% in 2022) and adding a 5-year time frame to its long-term ambition for an adj. EBIT margin exceeding 10%.
For 2024, Boozt is guiding for revenue growth and adjusted EBIT margin of 5-15% and 5.2-6.0%, respectively, which corresponds to revenue and adjusted EBIT of around SEK 8,150-8,900 million. and SEK 423-535 million, respectively.
To learn more about Boozt, its performance in 2023, outlook for 2024 and beyond, as well as its key investment risks, key investment reasons, and valuation against its peers, read the full one-pager. You can also catch up on the latest presentation of the Q4 2023 and full-year 2023 results hosted with Boozt Head of Investor Relations, Magnus Thorstholm Jensen.
Link to FY 2023 presentation: https://www.inderes.dk/videos/boozt-praesentation-af-q4-2023
Disclaimer: HC Andersen Capital receives payment from Boozt for a digitalIR/corporate visibility subscription agreement./ Philip Coombes 14:00 15.02.2024
Boozt
Boozt AB is a Swedish headquartered fashion and lifestyle retailer operating in the e-commerce space. It was founded in 2011 and listed on the Nasdaq Stockholm in 2017. The company is now dual-listed after it also began trading on the OMX Nasdaq Copenhagen in 2020. Boozt generates its revenue primarily through retail sales in the fashion sector via its multi-brand webstore Boozt.com. It also offers apparel goods, beauty products and lifestyle brands in the home category. In 2015 another platform was added with Boozlet.com, which serves as Boozt’s outlet allowing the company to use this channel for inventory clearance and products that do not sell well in its season. Booztlet.com can also bring in larger stockpiles from different brands. Boozt is part of the large cap indices in both Stockholm and Copenhagen.
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