EXAMPLE PAGE - REPORT - BOOZT - Flipbook - Sida 12
Gross profit
The gross profit increased 7.0% to SEK 532.3 million (497.7) in the quarter.
The gross margin was in line with last year at 40.1% (40.4).
With a continued healthy inventory position the goal has been to strike a
balance between growth and profitability.
For the nine months of 2022 gross profit increased 12.3% to SEK 1,733.8
million (1,544.0). The gross margin increased to 40.3% (40.1).
Operational costs
The adjusted admin & other cost ratio increased to 11.0% (
impacted by the adjustment of share based payments due
development of the share price and a probability assessme
the pre-defined targets in the long-term incentives program
date the adjusted admin & other cost ratio increased to 10.
The deprecation cost ratio increased to 4.2% (3.5) in line w
and impacted by the significant investments in 2021 and 2
our automated fulfilment capacity to support growth and b
time to customers. The ratio is expected to decrease over t
as the company gradually grows into the capacity expansio
the depreciation cost ratio increased to 3.8% (3.1).
The fulfilment cost ratio came to 11.6% (12.2). During the third quarter
productivity increased in the fulfilment operations with several initiatives
to improve operations. Further, the shortage of capacity that impacted
operations negatively in 2021 and start of 2022 has improved significantly
with the continued investments into expansion of our automated capacity.
Year-to-date the fulfilment cost ratio increased to 11.8% (11.6). The ratio is
expected to decrease over the next few years as we improve utilisation and
productivity.
Adjusted EBIT
The marketing cost ratio decreased to 11.4% (12.0) with an absolute spend
in line with last year. Our business continues to be managed based on the
core principle of a profitable and sustainable customer acquisition cost
(CAC) and customer-lifetime-value (CLV) with a payback between 16-18
months. Year-to-date the marketing cost ratio increased to 11.1% (10.7).
Total adjustments in the quarter amounted to SEK -10.2 milli
consisted fully of share-based payments. Year-to-date adjus
to SEK 19.7 million (46.5). Adjustments include share-based
SEK 5.2 million and an adjustment of SEK 14.5 million for no
mainly related to the right-sizing of the organisation end of Ju
reflect the current environment and growth opportunities.
The admin & other cost ratio decreased to 10.3% (12.0). The ratio was
positively impacted by the decision to ensure that the organisation and
cost base reflects the current environment and growth opportunities. With
effect from July 1, 2022, the company reduced staffing corresponding to
a monthly saving of approximately SEK 3 million. The cost of redundancy
payments was incurred in June 2022 and amounted to SEK 9.5 million. Part
of the savings were earmarked for salary negotiations with existing staff
which took effect from September 1, 2022. Year-to-date the admin & other
cost ratio increased to 11.3% (11.0). In addition, the ratio was positively
affected by the adjustment of share based payments due to the negative
development of the share price and a probability assessment of reaching
the pre-defined targets in the long-term incentives programmes.
Adjusted EBIT amounted to SEK 25.5 million (24.3) in the t
adjusted EBIT margin was in line with last year at 1.9% (2.0
adjusted EBIT amounted to SEK 115.2 million (193.1). The
margin decreased with 2.3 percentage points to 2.7% (5.0)
is related to the significant investments done throughout 2
strengthen organisational capacity and fulfilment automati
Share-based payments fluctuate between periods since th
the number of vested options or shares under the program
well as the provision for social charges are determined by t
share price.
For a reconciliation of adjusted EBIT, please visit the Group
www.booztgroup.com/reports-and-presentations, “Q3 Rep
– “Key financials”.