Boozt AB (OTCPK:BOZTY)

$ 11.415 -0.586 (-4.88%) Market Cap: 746.08 Mil Enterprise Value: 776.10 Mil PE Ratio: 33.17 PB Ratio: 2.84 GF Score: 92/100

Q3 2020 Boozt AB Earnings Call Transcript

Nov 05, 2020 / 08:30AM GMT

Release Date Price: $20.02 (+17.61%)

Transcript

Hermann Haraldsson;publ;Co;Founder;Group CEO

Boozt AB

()--&

Thank you, and good morning, and welcome to our Q3 presentation. And yes, my part probably will be quite short as most of what I'm going to say has been said already a couple of weeks ago, but let's go to the first slide to the key highlights, which is Slide 2. Just to highlight again, we have seen continued high new customer intake as well as strong growth from our new customers. We grew 23% in the quarter; year-to-date, 23.5%. But if we take into consideration that we had some impact from currency, the change of agreement structure with this large brand that we have been talking about before, and also a fair use policy, if we would kind of adjust for that, the growth would have been around 29%. So a very, very strong quarter growth-wise.

Our adjusted EBIT margin came at 7.4% in the quarter, and it's an improvement of 11 percentage points and is driven by mainly improved gross margin, but also operational improvements in our fulfillment setup. The other segment is

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