EXAMPLE PAGE - REPORT - BOOZT - Flipbook - Sida 24
Booztlet.com
Net revenue
Adjusted EBIT and EBIT
Net revenue increased 5.9% to SEK 212.0 million
(200.3) in the quarter. Booztlet’s growth opportunities
are negatively impacted in the short term due to high
promotional activity in the in-season stores both from
online and offline players as a consequence of high
inventory levels in the industry. Furthermore, Booztlet
played a key role in managing the inventory risk for the
Boozt Group in the third quarter successfully selling
in-season items keeping the overall inventory of the
Group at a healthy level.
Adjusted EBIT increased to SEK 1.9 million (-1.3) in
the quarter, while the adjusted EBIT margin increased
to 0.9% (-0.6).
The market for a Nordic fashion outlet remains very
attractive and the ambition for Booztlet is to continue
the high growth trajectory. Booztlet is focusing on
gaining access to relevant and enough campaign goods
to support continued growth and exploit the potential
extra demand from consumers for outlet business with
disposable income under pressure from high inflation.
For the first nine months, adjusted EBIT amounted to
SEK 12.9 million (29.3) with an adjusted EBIT margin
of 1.7% (4.8).
The increase in adjusted EBIT was driven by the
increase in net revenue and improved cost ratios.
The adjustment in the quarter amounted to SEK
-1.6 million (2.4) and consisted fully of share-based
payments.
SEK million
Booztlet.com
Net revenue
EBIT
EBIT margin (%)
Adjusted EBIT*
Adjusted EBIT margi
Site visits (000)*
No. of orders (000)*
Conversion rate (%)*
Average order value
Growth in the Nordics amounted to 8.7% mainly driven
by Finland and Sweden. Rest of Europe experienced a
decline of 17.7% to SEK 17.7 million impacted by lower
sales in Germany as a consequence of initiatives to
improve profitability.
Average order value increased significantly with 16.7%
during the third quarter and reached SEK 833 (714)
driven mainly by an increased number of items per
basket.
For the first nine months net revenue increased 27.7%
to SEK 773.6 million (605.6).
EBIT increased to SEK 3.5 million (-3.7) for the quarter
and the EBIT margin increased to 1.7% (-1.8). Year-todate EBIT decreased to SEK 10.5 million (23.2) and the
EBIT margin decreased to 1.4% (3.8).
Rounding differences m
*The figure is an Altern
SEK million
Booztlet.com - Net re
Nordics
Rest of Europe
Total Net revenue