Sweden · Delayed Price · Currency is SEK Boozt AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 4% constant currency growth, improved EBIT margin, and strong cash generation. Strategic assortment expansion and AI-driven efficiencies boosted customer engagement, with guidance raised for both revenue and EBIT margin as FX headwinds ease.
Fiscal Year 2025
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Q4 2025 saw 4% constant currency revenue growth, improved EBIT margin, and record free cash flow, driven by Boozt.com's premium focus and operational efficiencies. 2026 guidance targets 3%-8% revenue growth and 5.3%-6.5% EBIT margin, with continued capital returns and investments in AI and talent.
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Q3 2025 delivered improved margins, strong free cash flow, and a right-sized inventory, with a strategic focus on premium sales and reduced promotions. Revenue growth guidance for 2025 is 0%-3%, with an upgraded EBIT margin outlook and continued strong cash generation.
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Q2 revenue was flat in local currency but down 3% reported, with Booztlet driving growth and Boozt.com declining. Adjusted EBIT margin fell to 3.4%, but free cash flow more than doubled. Guidance for 2025 is unchanged, with improved inventory and cost control supporting outlook.
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Revenue grew 2% year-over-year, driven by Booztlet.com, while Boozt.com declined slightly. Adjusted EBIT margin improved, but guidance was lowered due to market uncertainty, currency headwinds, and elevated inventory, with further discounting expected.
Fiscal Year 2024
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Revenue grew 4% in Q4 and 6.3% for the year, with profitability boosted by a Norwegian customs win and strong Booztlet performance. Non-fashion categories now drive growth, while 2025 guidance remains cautious amid weak consumer sentiment and elevated inventory.
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Q3 2024 saw 6% revenue growth (9% in local currency), strong customer acquisition, and a 3.3% adjusted EBIT margin, with currency and inventory clearance impacting profitability. The company won a key legal case in Norway, expects SEK 50 million annual savings, and maintains full-year guidance.
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Q2 2024 saw 11% revenue growth and strong customer acquisition despite a challenging market, with all categories and regions contributing. Profitability remained solid, though margins were slightly pressured by fulfillment investments and limited campaign goods. Guidance was narrowed, and a new share buyback program was announced.