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 är verksamt inom detaljhandeln. Bolaget säljer mode-, sport-, hem- och skönhetsprodukter via sin e-handelsplattform. Bolagets affärsfokus är att erbjuda ett brett utbud av varumärken inom mode för män, kvinnor och barn. Försäljningen sker via bolagets e-handelsplattform som etablerades 2011 och kundmarknaden är främst koncentrerad till Norden. Bolaget har sitt huvudkontor i Malmö, Sverige.
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