Boozt AB (LTS:0RPY)

kr 118.1 -1.3 (-1.09%) Market Cap: 7.71 Bil Enterprise Value: 8.03 Bil PE Ratio: 33.71 PB Ratio: 2.88 GF Score: 93/100

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Q2 2020 Boozt AB Earnings Call Transcript

Aug 21, 2020 / 07:30AM GMT

Release Date Price: kr112.2 (+5.25%)

Transcript

Operator

Ladies and gentlemen, welcome to the Boozt Q2 Report 2020. Today, I'm pleased to present CEO, Hermann Haraldsson; and CFO, Sandra Gadd. (Operator Instructions)

Speakers, please begin.

Hermann Haraldsson;publ;Co;Founder;Group CEO

Boozt AB

()--&

Good morning, and welcome to our Q2 2020 presentation. If we go to the first slide with the key highlights, just want to run through quickly the highlights that we will touch on later. Net revenue growth was 37% in the quarter, with Boozt growing 29% and Booztlet 168%. And it's also important to highlight that we were negatively impacted by the currency by the NOK change of agreement with our large brand partner and the fair use policy. We have a higher average order value due to the lower returns, which is mainly driven by the migration towards the categories with Kids, Sports, Beauty and Men, plus our new fair use rule. Gross margin was positively supported by a higher share of campaign buys, some contractual improvements as well as the stock

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