Brief: Boozt Q3 Adjusted EBIT Swings To Profit SEK 69.7 Mln, Upgrades FY Outlook

BOOZT AB

05/11/2020 10:29

Nov 5 (Reuters) - Boozt AB  BOOZT.ST :  
    * REPORTS Q3 NET REVENUE OF SEK 940.1 MILLION VERSUS SEK
764.1
MILLION YEAR AGO
    * Q3 ADJUSTED EBIT PROFIT SEK 69.7 MILLION VERSUS LOSS SEK
27.6
MILLION YEAR AGO
    * FOLLOWING THE BETTER THAN EXPECTED DEVELOPMENT UPGRADES FY
OUTLOOK 
    * UPDATED 2020 OUTLOOK: NET REVENUE GROWTH NOW EXPECTED IN
THE
UPPER END OF THE 20-25% RANGE 
    * UPDATED 2020 OUTLOOK: ADJUSTED EBIT MARGIN OUTLOOK
UPGRADED TO
5.5-6.5% (PREVIOUSLY: 4.5-5.5%)
    * SAYS IT CONTINUES TO SEE A HIGH GROWTH OF NEW NORDIC
CUSTOMERS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNz2MrL
    
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