Boozt: At record high after second outlook upgrade
21/08/2020 08:40
** Shares in Swedish online retailer Boozt BOOZT.ST jump
6% to their record high, after second outlook upgrade in two
months urn:newsml:reuters.com:*:nFWN2FM0QV
** The company now sees EBIT margin for 2020 between
3.5-4.5%, after having upgraded it to 3-4% in June urn:newsml:reuters.com:*:nFWN2FM0QV
** Boozt, which benefits from acceleration in change of
consumer behaviour caused by the coronavirus, more than doubled
its Q2 EBIT to SEK 120.3 million
** Including today's gains, Boozt stock is up 113%
year-to-date
($1 = 8.7237 Swedish crowns)
((jagoda.darlak@tr.com))