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Boozt — Earnings Release 2021
Nov 30, 2021
2896_rns_2021-11-30_8257c63e-f9d4-4a29-ae47-d3598affbc22.pdf
Earnings Release
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Boozt
Press Release
MALMÖ, SWEDEN, NOVEMBER 30, 2021
Boozt continues strong momentum now expecting growth in the upper end of 2021 outlook
October and November delivered ahead of expectations and net revenue growth for 2021 is now expected in the upper end of the 27.5-32.5% range. The adjusted EBIT margin outlook is maintained at above 5.5% indicating a higher absolute adjusted EBIT for the year.
"The Modern Nordic Department Store strategy continued to unfold with strong growth across all our categories Kids, Sport, Beauty and Home as well as strong growth in the classic Women and Men’s fashion. We have experienced growing momentum in the first two months of the fourth quarter and Black Friday week itself had a positive development compared to last year, and showed record sales. We welcomed around 125,000 new customers during the Black Friday week.
With the recent expansion of the fulfilment automation our colleagues in Ångelholm, Sweden handled the most busy period of the year impressively, and set a new record for numbers of orders handled per hour with ~8000 during peak."
For additional information, please contact:
Hermann Haraldsson / Group CEO / Phone: +45 20 94 03 95 / Email: [email protected]
Ronni Olsen / IR & Corporate Communications / Phone: +45 31 22 04 56 / Email: [email protected]
This information is information that Boozt is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-11-30 08:00 CET.
Boozt is a leading, fast-growing and profitable Nordic technology company selling fashion online. The Group generated net sales amounting to SEK 4.4 billion in 2020. Boozt offers its customers a curated and contemporary selection of fashion brands, relevant to a variety of lifestyles, mainly through its multi-brand webstore Boozt.com. The company is focused on using cutting-edge, in-house developed technology to curate the best possible customer experience. Besides Boozt.com, the company also runs the webstore Booztlet.com and retail stores Booztlet and Beauty by Boozt in Denmark. For more information, please visit www.booztgroup.com.