Boozt AB (OSTO:BOOZT)
kr 127.6 4.9 (3.99%) Market Cap: 8.00 Bil Enterprise Value: 8.28 Bil PE Ratio: 40.03 PB Ratio: 3.02 GF Score: 89/100
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Q2 2022 Boozt AB Earnings Call Transcript

Aug 12, 2022 / 07:30AM GMT
Release Date Price: kr85.15 (+16.48%)
Operator

Good morning, and welcome to the Boozt Q2 2022 Earnings Call. (Operator Instructions) Please note this event is being recorded.

I would now like to turn the conference over to CEO, Hermann Haraldsson. Please go ahead, sir.

Hermann Haraldsson;publ;Co;Founder;Group CEO
Boozt AB

()--&

Thank you and welcome all to our Q2 2022 webcast. So I think that we should just jump into the first slides, the key highlights and where we would like to say that the continued execution of our Nordic Department Store strategy has actually made it possible for us to continue growing the business profitably while taking market share in a quite challenging second quarter.

Growth in the quarter was 5.2% despite a challenging market where we can see that discretional spending is under pressure with consumers impacted by inflation and that is reflected in the historic low consumer sentiment. For the first half year, we managed to grow 13.9%.

Customer choosing costs increased meaningfully

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