Bifogade filer
UK Boozt Interim Financial Report Q4 2024
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Handel & varor |
| Industri | Detaljhandel |
Boozt AB Q4 report, January 1 - December 31 2024
Q4 2024
- In Q4 2024, net revenue increased by 4% to SEK 3,107 million (Q4 2023: 2,993), also by 4% in local currency
- Growth was driven by Booztlet.com (+36%), while revenue from Boozt.com slightly declined (-2%)
- Gross margin was 37.5% (37.5%), unchanged compared with Q4 2023
- Adjusted EBIT was SEK 307 million (230) corresponding to an adjusted EBIT margin of 9.9% (7.7%)
- Adjusted EBIT in the quarter was positively impacted by repayments of customs in Norway of SEK 40 million related to 2024
- EBIT was SEK 348 million (183) corresponding to an EBIT margin of 11.2% (6.1%)
- EBIT in the quarter was positively impacted by repayments of customs in Norway of SEK 100 million related to 2022-2024
- Profit for the period was SEK 267 million (143)
- Free cash flow was SEK 625 million (834)
- In the period, Boozt secured a simplified value-added tax registration in Norway, eliminating the obligation to pay import duties on products sold to Norwegian customers.
FY 2024
- For the full year, net revenue increased by 6% to SEK 8,244 million (FY 2023: 7,755) or 7% in local currency
- Growth was driven by both Boozt.com (+3%) and Booztlet.com (+21%)
- Gross margin was 39.0% (39.2%)
- Adjusted EBIT was SEK 473 million (400) corresponding to an adjusted EBIT margin of 5.7% (5.2%)
- EBIT was SEK 452 million (299) corresponding to an EBIT margin of 5.5% (3.9%)
- Profit for the period was SEK 342 million (233)
- Free cash flow was SEK 12 million (6)
- In 2024, Boozt repurchased 1,296,500 own shares, corresponding to SEK 162 million or 1.9% of the share capital.
Outlook 2025
- For 2025, Boozt expects net revenue growth to be in the range of 4-9%
- This assumes that the current market environment does not change significantly during the year
- The adjusted EBIT margin for the year is expected to be in the range of 5.8-6.5%
- Net savings related to the recently announced technology-driven organisational realignment is expected to add around 0.3 percentage points to the margin.
| Outlook 2025 | FY 2024 | |
| Revenue growth | 4-9% | 6% |
| Adjusted EBIT margin | 5.8-6.5% | 5.7% |
Co-Founder & CEO Hermann Haraldsson says: “A challenging year has come to an end - a year where we had to work hard to deliver continued growth, while remaining top-of-class in our industry in terms of profitability. Growth in 2024 was mainly driven by our ability to attract new customers to our sites, and I firmly believe this is a result of our relentless focus on delivering a sublime online version of the traditional department store. We now look forward to 2025 with excitement, believing it will be another year of profitable growth, driven by market share gains and increasing profitability, supported by continued efficiencies across the value chain.”
| SEK million unless otherwise indicated | Q4 2024 | Q4 2023 | Change | FY 2024 | FY 2023 | Change |
| Net revenue | 3,107 | 2,993 | 4% | 8,244 | 7,755 | 6% |
| EBIT | 348 | 183 | 90% | 452 | 299 | 51% |
| Adjusted EBIT | 307 | 230 | 33% | 473 | 400 | 18% |
| Profit for the period | 267 | 143 | 86% | 342 | 233 | 47% |
| Free cash flow | 625 | 834 | -25% | 12 | 6 | 96% |
| Net revenue growth (%) | 4% | 23% | -19pp | 6% | 15% | -9pp |
| Gross margin (%) | 37.5% | 37.5% | 0.0pp | 39.0% | 39.2% | -0.2pp |
| EBIT margin (%) | 11.2% | 6.1% | 5.1pp | 5.5% | 3.9% | 1.6pp |
| Adjusted EBIT margin (%) | 9.9% | 7.7% | 2.2pp | 5.7% | 5.2% | 0.6pp |
Telephone conference / audiocast
Boozt’s Group CEO, Hermann Haraldsson, and Group CFO, Sandra Gadd, will present the Q4 report at a telephone conference/audiocast at 09.00 CET on Friday, February 7, 2025. 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.
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.