Boozt (One-pager): Growth in all markets despite continued macroeconomic weakness
Read the latest Boozt One-pager following the Q2 2024 results where the company narrowed its guidance and demonstrated continued 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 Q2 2024 growth continued, with 11% growth in active customers y/y (8% Nordics, almost 40% Rest of Europe) with growth in all product categories. H1 2024 saw Boozt narrow its guidance interval with a lower midpoint for both revenue and margins. However, management expects the overall market has retreated YTD 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 Q2 2024 you can catch up on the latest presentation of the Q2 2024 results hosted with Boozt Head of Investor Relations Magnus Thorstholm Jensen. Link: https://www.inderes.dk/videos/boozt-praesentation-af-q2-2024
Disclaimer: HC Andersen Capital receives payment from Boozt for a Digital IR/Corporate Visibility subscription agreement. /Philip Coombes 11:40 CET 27.08.2024.
Login required
This content is only available for logged in users
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.
Read more on company page