Q1 2021 Boozt AB Earnings Call Transcript
Ladies and gentlemen, welcome to the Boozt Q1 Report 2021. (Operator Instructions) Today, I am pleased to present CEO, Hermann Haraldsson; and CFO, Sandra Gadd. Please begin your meeting.
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Thank you, and good morning, all, and welcome to our Q1 2021 presentation. If we go to the first slide, the key highlights. I guess it's not so much new since we came out 3 weeks ago, but again highlight, we had a very strong growth throughout the quarter, both from new and existing customers. The net revenue growth was 48.5%. But in local currency, it was 54%. And, as you said, I'm slightly disappointed that we didn't pass the 50% mark, but then we have something new to strive for.
And the adjusted EBIT margin was 6%, which was very good. And the EBIT margin was strong because we saw very high leverage on the top line growth where all our, kind of, cost control came in line, and we managed to -- basically to manage the high amount of volume
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