Q4 2019 Boozt AB Earnings Call Transcript
Ladies and gentlemen, welcome to the Boozt Q4 2019 Report. Today, I'm pleased to present CEO, Hermann Haraldsson; CFO, Sandra Gadd.
(Operator Instructions) Speakers, please begin.
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Good morning. Everyone, and welcome to our Q4 results call presentation. So let's just dive into and go to the first slide, the key highlights.
We had 20% growth in Q4, and 24% growth in '19 if you adjust for the exchanges, which is in the agreement with that large brand, where we can't take the full revenue as reported revenue. And the reported net revenue growth was 18% in this quarter and 23% for '19.
Boozt.com was at the low end of 12%, of course, negatively impacted by soft markets in Sweden and Denmark and also because we chose not to chase unhealthy growth and also our 'fair use' implementation, we'll come back to that later. And then Booztlet continued as a rocket with almost 200% growth in Q4.
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