Boozt set for worst day ever as tough H1 prompts outlook cut
09/06/2022 08:23
** Shares in Boozt BOOZT.ST slump 16% after the Swedish
online retailer cuts guidance due to weakening consumer
sentiment, continued supply chain disruptions and rising
inflation urn:newsml:reuters.com:*:nFWN2XV0QW
** The group now expects 2022 adjusted EBIT between SEK
235-285 million ($23.92 million-$29.01 million) compared with
previous forecast of SEK 365-420 million
** "First half of 2022 is coming to an end and has proven to
be more challenging than what we believed when we set our
targets for the year," CEO Hermann Haraldsson said in a
statement
** The stock is on track for its worst day ever, dropping
close to 60% year-to-date
($1 = 9.8256 Swedish crowns)
(Reporting by Jagoda Darlak in Gdansk)
((jagoda.darlak@tr.com))