Boozt: Soars after FY outlook hike
14/04/2021 08:54
(Updates with stock move, milestone)
** Shares in Boozt BOOZT.ST jump more than 13% after the
Swedish online retailer raised 2021 outlook citing a very strong
Q1, promising start to the new season and increasing demand for
fashion urn:newsml:reuters.com:*:nNDL9drWf4
** It now sees FY 25-30% net revenue growth vs 20-25%
previously and an adjusted EBIT margin above 5.5% vs above 5%
before
** The share price is the highest since the stock got listed
on Nasdaq Nordic in 2017
** Wednesday's gains add SEK 1.7 billion ($153.23 million)
to the retailer's market cap
** The stock is up over 18% this year
($1 = 8.4842 Swedish crowns)
((marta.frackowiak@thomsonreuters.com))