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.
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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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