Bifogade filer
Interim Report Q2 2023
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Handel & varor |
| Industri | Detaljhandel |
Boozt AB's Half year report, January 1 - June 30 2023
Second quarter financial highlights
- Net revenue of SEK 1,687 million and a net revenue growth of 8.6% (local currency 4.4%). Net revenue growth of 8.1% for Boozt.com and 11.0% for Booztlet.com.
- Gross margin of 42.3% (41.3)
- Adjusted EBIT margin of 5.1% (5.2)
- Earnings per share before dilution of SEK 0.97 (0.68)
- Free cash flow of SEK -10.2 million (-229.0)
- Cash and cash equivalents of SEK 901 million (1,038)
Year-to-date highlights
- Net revenue of SEK 3,212 million and a net revenue growth of 7.9% (local currency 4.2%). Net revenue growth of 10.1% for Boozt.com and -1.6% for Booztlet.com.
- Gross margin of 40.5% (40.4)
- Adjusted EBIT margin of 3.2% (3.0)
- Earnings per share before dilution of SEK 0.90 (0.57)
- Free cash flow of SEK -742 million (-731)
Significant events in the second quarter
- Boozt initiates repurchase program of own shares
Co-founder & CEO Hermann Haraldsson says: “We continue to gain market share and grow our business profitably even though market growth for fashion and lifestyle items remains muted. Our organisation and infrastructure has never been more solid and we are geared to handle significant growth once the market picks up. With the investments we have done I believe there is meaningful operational leverage as we continue our journey with the Nordic Department Store Strategy.”
| SEK million unless otherwise indicated | Apr 1 - Jun 30, 2023 | Apr 1 - Jun 30, 2022 | Change | Jan 1 - Jun 30, 2023 | Jan 1 - Jun 30, 2022 | Change |
| GROUP | ||||||
| Net revenue | 1,687.2 | 1,553.2 | 8.6% | 3,211.9 | 2,977.2 | 7.9% |
| Gross profit | 712.9 | 641.9 | 11.1% | 1,299.2 | 1,201.4 | 8.1% |
| EBIT | 66.1 | 64.6 | 2.3% | 63.6 | 59.9 | 6.3% |
| Adjusted EBIT | 85.6 | 80.9 | 5.8% | 102.6 | 89.7 | 14.3% |
| Earnings for the period | 66.1 | 46.1 | 43.3% | 61.1 | 38.5 | 58.7% |
| Free cash flow | -10.2 | -229.0 | -95.6% | -741.7 | -731.1 | 1.4% |
| Net revenue growth (%) | 8.6% | 5.2% | 3.4 pp | 7.9% | 13.9% | -6.0 pp |
| Gross margin, (%) | 42.3% | 41.3% | 0.9 pp | 40.5% | 40.4% | 0.1 pp |
| EBIT margin, (%) | 3.9% | 4.2% | -0.2 pp | 2.0% | 2.0% | -0.0 pp |
| Adjusted EBIT margin, (%) | 5.1% | 5.2% | -0.1 pp | 3.2% | 3.0% | 0.2 pp |
| Outlook for 2023 | Outlook 2023 as of August 18, 2023 | Previous Outlook | Reported 2022 |
| Net revenue growth | Between 7.5-12.5% | Between 5-15% | 16.0% |
| Adjusted EBIT | SEKm 300-350 | SEKm 275-375 | SEKm 285.6 |
| The outlook assumes constant currencies from the time of this announcement and for the remainder of the financial year. *The Adjusted EBIT outlook for 2023 is positively impacted by a reassessment of the useful lives of selected parts of the Group’s fixed assets that mainly relates to the AutoStore installations. Compared to 2022, the positive impact on yearly depreciation on a like-for-like basis is in the level SEK 25 million. | |||
Telephone conference / audiocast
Boozt’s Group CEO, Hermann Haraldsson, and Group CFO, Sandra Gadd, will present the H1 report at a telephone conference / audiocast at 09.30 CET Friday, August 18, 2023. The presentation will be held in English and will be followed by a Q&A session.
If you wish to participate via webcast please use this link. Via the webcast you are able to ask written questions.
If you wish to participate via teleconference please register on this link. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
For presentation material, please visit Boozt’s website.