Boozt jumps on positive Q4 profit warning
12/01/2023 08:27
** Shares in Boozt BOOZT.ST are up more than 6% after the
Swedish online retailer said its preliminary Q4 results exceeded
its financial outlook for 2022
** The company says its Q4 net revenue growth was around 24%
with an adjusted EBIT of about SEK 170 mln ($16.2 mln)
** For FY 2022, its net revenue growth was around 16% and
adjusted EBIT about SEK 286 mln
** Boozt says it experienced a record-high average order
value in H2 2022, "supported by customers shopping across
categories and adding more items to each basket"
** The stock is on track for its best day since Dec. 13
** The company will publish its Q4 report on Feb. 10
($1 = 10.4710 Swedish crowns)
(Reporting by Louise Breusch Rasmussen)
((Louisebreusch.rasmussen@thomsonreuters.com))