Boozt (One-pager): Customer growth continues as guidance is maintained ahead of holiday period
Read the latest Boozt One-pager following the Q3 2024 results where the company maintained its guidance and demonstrated continued customer growth across all markets despite weak market conditions. The One-pager looks into Boozt’s outlook for 2024 and beyond, key investment risks, key investment reasons, and valuation against its peers.
For Q3 2024 growth continued, with active customers on a group level increasing 12% y/y with growth in all product categories. Boozt maintains its guidance despite the midpoint signalling a significant y/y improvement implied for Q4 2024. Management expects the overall market has remained challenged in 2024, particularly in the Nordics, as market share gains have been the driving force behind growth.
To learn more about Boozt and its performance in Q3 2024 you can catch up on the latest presentation of the Q3 2024 results hosted with Boozt Head of Investor Relations Magnus Thorstholm Jensen. Link: https://www.inderes.dk/videos/boozt-praesentation-af-regnskabet-for-q3-2024
Disclaimer: HC Andersen Capital receives payment from Boozt for a Digital IR/Corporate Visibility subscription agreement. /Philip Coombes 11:35 CET 08.11.2024.
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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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