Brief: Boozt Lifts FY Rev Guidance After Strong Black Friday

BOOZT AB

01/12/2020 07:33

Dec 1 (Reuters) - Boozt AB  BOOZT.ST :
    * SAID ON MONDAY STRONG BLACK FRIDAY EXECUTION LEADS TO
UPGRADE OF
FULL YEAR OUTLOOK
    * NOW SEES FY NET REVENUE GROWTH TO BE OF ABOVE 25%
(PREVIOUSLY
UPPER END OF 20-25% RANGE)
    * ADJ. EBIT MARGIN OUTLOOK IS MAINTAINED AT 5.5-6.5%
    * ADJ. EBIT MARGIN IS NEGATIVELY IMPACTED BY A DISCRETIONARY
EXTRAORDINARY BONUS TO ALL EMPLOYEES TOTALLING AROUND SEK 10 MLN
    * HAVE SEEN CONTINUED STRONG GROWTH IN KIDS, SPORT AND
BEAUTY AS
WELL AS STRONG GROWTH IN THE MEN'S CATEGORY 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNbyTl4J
    
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