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

Q3 2021 Boozt AB Earnings Call Transcript

Nov 09, 2021 / 08:30AM GMT
Release Date Price: kr147.17 (+2.27%)
Operator

Hello, and welcome to the Boozt Audiocast Teleconference Q3 2021. Today, I'm pleased to present CEO, Hermann Haraldsson; and CFO, Sandra Gadd. (Operator Instructions)

Speakers, please begin your meeting.

Hermann Haraldsson;publ;Co;Founder;Group CEO
Boozt AB

()--&

Good morning, and welcome to our Q3 2021 webcast. Yes, I think we just should dive right into the first slide, the key highlights. And basically to start off with, I would like to say that our department store model is paying off. We can see that our categories are growing at a high pace. And we still are benefiting from a high basket size and lower return rates. And now with 9 strong months in the book and the fourth quarter performing as expected so far. I'm pleased that we can reconfirm or -- already upgraded our outlook for 2021.

We grew 31.1% in the quarter compared to 2020. And on a 2-year stack, we grew 61.2%.

Looking at our 2 business segments, Boozt.com, we delivered a very strong performance in

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