EXAMPLE PAGE - REPORT - BOOZT - Flipbook - Sida 10
Group Development
The Nordic Department Store stands strong. We continue to improve the foundatio
our business long term with an average order value reaching new heights as custo
increasingly shop across our categories.
The net revenue increase was driven by 8.2% growth for Bo
5.9% for Booztlet.com.
Income statement and cash flow items are compared with the corresponding year-earlier period. Balance sheet items refer to the position at the end
of the period and are compared with the corresponding year earlier period,
meaning September 30, 2021. The third quarter refers to the period July September 2022.
Net revenue
Net revenue in the third quarter increased 7.8% to SEK 1,328.1 million
(1,232.1). Currency had a positive impact on net revenue growth in the third
quarter of 3.7 percentage points and relates to the strengthening of DKK,
NOK and EUR compared to the third quarter last year.
Consumer sentiment and rising inflation continued to impact demand
during the quarter, however, there was an acceleration in consumer interest
towards the end of the quarter as the Autumn/Winter season kicked off
resulting in a solid growth during September.
The continued execution of our Nordic Department Store strategy enabled
us to gain market share in a challenging environment. Customers are putting
more items in the basket on average resulting in a record high average order
value and return rates continued to be on par with last year.
Other revenue (included in net revenue) increased to SEK 5
(47.1) in the third quarter, mainly driven by the continued g
Media Partnership and BooztPay. Other revenue is revenue
related to product sales, and include income from Boozt M
BooztPay as well as breakage from gift cards.
For the first nine months of 2022 net revenue increased 11.9
million (3,845.8). Currency had a positive impact on net reve
the first nine months of 3.0 percentage points and relates to
of DKK, NOK and EUR compared to last year.
Net revenue geographical split
Net revenue in the Nordics increased 8.9% with the strong
in Finland and Sweden. Rest of Europe saw a decline in rev
impacted by lower sales in Germany as a consequence of l
spend.
Net revenue – geographical split
SEK million
Nordics
Rest of Europe
Total net revenue
Jul 1 - Sep 30, 2022
Jul 1 - Sep 30, 2021
Change
Jan 1 - Sep 30, 2022
Jan 1 - Sep 30, 2021
1,257.1
1,154.7
8.9%
4,007.6
3,576.2
71.0
77.3
-8.2%
297.7
269.6
1,328.1
1,232.1
7.8%
4,305.3
3,845.8