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 2022 Boozt AB Earnings Call Transcript

Nov 08, 2022 / 08:30AM GMT

Release Date Price: $7.45

Transcript

Hermann Haraldsson;publ;Co;Founder;Group CEO

Boozt AB

()--&

Thank you. Good morning all, and welcome to our Q3 2022 webcast. So -- and let's just dive into it, going to the first slide on the key highlights.

So to start with, our Nordic Department Store strategy stands strong, we believe, with growth in the quarter of 7.8%. We continue growing the business profitably while accelerating market share gains despite discretionary spending being under continued pressure. For the first 9 months, we managed to grow 11.9%, and we are on track to deliver growth well ahead of the market and within our guidance for the year.

Markets have continued to be challenging and the consumer sentiment actually has reached new lows during the quarter, along with a steadily increasing inflation. We are now underway with the 2 most important months of the year in terms of sales as well as profits, and our organization is in full execution mode to end the year on a high. Customer acquisition cost has continued at an elevated level throughout

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