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A few words from Boozt’s CEO in his Letter to Shareholders in the newly published Annual Report 2022: “To me, the past year has proven that we have an exceptional team with a unique culture that is able to deliver outstanding results. Our values of trust, freedom and responsibility have paved the way for a “care-why” mindset, where our people act with integrity and dedication to deliver an outstanding shopping experience for our customers. This culture, I admit, puts high demands on our Boozters, which is not for everyone. Some people do not thrive in this very driven, demanding and ambitious culture, and that’s ok. As long as we make sure that they move safely on in their career. We know however, that if we do not set high standards for ourselves, we will steadily drift into complacency followed by irrelevance.” - Hermann Haraldsson, CEO & Co-founder. Read the full Letter to Shareholders in the annual report here →
HIGHLIGHTS FROM BOOZT'S ANNUAL REPORT 2022 ➡ We launched Boozt Data Intelligence; a new business area that aims to become the preferred e-commerce data partner in the Nordics. Developed in-house, the BDI tool provides a tailored user experience that gives brands an easy way to understand and leverage valuable customer insights. ➡ To accommodate the expected growth in the coming years, we expanded the AutoStore solution at our warehouse in Ängelholm, Sweden, so that it’s now operating a total of 1,200,000 bins supported by 1,200 robots for efficient storage and fast delivery to our customers. ➡ We had another record breaking Black Friday, both in terms of sales numbers and broke a new 24-hour record with more 188,000 pieces packed. ➡ We submitted the extended version of the CDP Climate Change questionnaire, and received a B score. This is higher than the Discretionary retail sector average of C. According to CDP, companies that score a B have addressed the environmental impacts of their business and ensured good environmental management. Read the annual report here →
Yesterday we published our Annual Report 2022! 🙌✨ The report included both the Corporate Governance Report and Sustainability Report. “Boozt is leaving this year in a stronger position both commercially and financially and we are confident that the market in 2023 provides significant opportunities. The strategy is unchanged, and we remain laser-focused on further developing the Nordic Department Store," says Hermann Haraldsson, CEO & Co-founder. This year we have also taken massive leaps to accelerate transparency in this year’s Sustainability Report - something we are very proud of. The key word is accountability. By sharing and reporting accurate, comprehensive and comparable data in a transparent way we ensure our stakeholders have access to information about our impact and responsibility. Read the full report here →
MEET THE BOOZTER - GABI FÖRSTERLING “From the beginning, I felt very comfortable coming to work and being myself” - Gabi Försterling, ESG controller at Boozt. Meet Gabi Försterling. When Gabi joined Boozt in 2021 she took on the role as ESG controller for the Sustainability team. Together with the team, she has focused on shaping the role into what it is today to ensure we meet sustainability reporting standards. We had a chat with Gabi to learn more about her role and time with Boozt. Can you tell us a bit more about what it means to work as an ESG controller and what you enjoy most with your role? My main responsibility is to identify, collect, calculate, and report data. It is about overseeing all ESG-related data for Boozt Group. Most of my time is spent focusing on external reporting, for example, the annual sustainability report. When I first started the job what I enjoyed was that I had the freedom to shape it into what it is today. This lets me build on my skills and challenge myself. Read the full interview here →
“I am truly proud of our whole organisation that turned the challenges of 2022 into an opportunity and allowed us to post outstanding financial results today. During the year, we have made tremendous progress on further cementing our position as the leading Nordic Department Store,” Hermann Haraldsson, CEO & co-founder. Last week we published our Q4 report for 2022 with financial highlights such as: Net revenue of SEK 2,438 million and a net revenue growth of 23,9% (local currency 18.3). Net revenue growth of 22.4% for Boozt.com and 33.1% for Booztlet.com. Gross margin of 38.3% (41.0). Adjusted EBIT of SEK 170.4 million (149.5) and adjusted EBIT margin of 7.0% (7.6). Earnings per share before dilution of SEK 1.83 (1.31). Free cash flow of SEK 730.1 million (327.2). Cash and cash equivalents of SEK 1,777 million (1,565). Read the full Q4 2022 financial statement below →
We are excited to announce Boozt as a new main sponsor of The Handball Federation of Iceland. Boozt.com is now an official main partner for both the men’s and women’s teams with the Boozt logo to be displayed on match shirts starting with the upcoming Men's World Cup. “Being from Iceland I’m proud of Boozt now becoming a main sponsor. This partnership reflects our commitment to engaging with the local community and helping support sports events that bring people together. I’m looking forward to seeing what the future holds for the talented Icelandic national teams and confident that our partnership will be mutually beneficial” Hermann Haraldsson Read the official press release →
Today we proudly announce that Boozt.com becomes new main partner for the football club Malmö FF. The partnership supports our ambitions to select partner- and sponsorship platforms where we have close and meaningful interaction with local communities in the Nordics. Beginning with the 2023 season, the Boozt.com logo will be visible on the arm of the men’s match jerseys. “We are very proud to partner with Malmö FF and a team with such a strong community engagement. As the Nordic Department Store, this partnership supports our ambitions to select partner- and sponsorship platforms where we have close and meaningful interaction with local communities in the Nordics. We look forward to supporting the strong sense of community that Malmö FF contributes to, both in Malmö and the region. I’m sure we will share many great moments and victories together in the future.” says Hermann Haraldsson.
This Black Friday was another record breaking year! And a lot of the success comes from being prepared for pretty much everything. "Winning the Superbowl takes talent — of course — and it takes a lot of preparations. But the main thing to win the Superbowl is to have a good team. We all have to be well prepared, know our role, and how to collaborate. This part we do really really well at Boozt." Jesper Brøndum, CTO & co-founder of Boozt Our CTO, Jesper Brøndum, shares what kind of preparations was done to make this years Black Friday a success in this Tech Blog post. Enjoy!
Today we published our Q3 report, which shows that Boozt delivers accelerated market share gains in the third quarter 🧮. “The Nordic Department Store stands strong. We continue to improve the foundation of our business long term with an average order value reaching new heights as customers increasingly shop across our categories. Short term, we continue to deliver profitable growth while gaining market share at an increased pace. With a strong balance sheet and healthy inventory position we can be opportunistic for further organic growth opportunities.” - Hermann Haraldsson Third quarter financial highlights - Net revenue of SEK 1,328 million and a net revenue growth of 7.8% Gross margin of 40.1% (40.4) - Adjusted EBIT of SEK 25.5 million (24.3) and adjusted EBIT margin of 1.9% (2.0) - Cash and cash equivalents of SEK 1,024 million (1,228) We reiterate the outlook for 2022 and expect to achieve a net revenue growth of 10-15%. Read the full Q3 2022 financial statement here:
Combating child labour is an important topic for us and our brand partners when championing a responsible supply chain. Boozt has collaborated with Söderberg & Partners and Save the Children to increase and share knowledge on the topic. “We are pleased to have collaborated to Soderbergh's Active Engagement project. The collaboration with Save the Children has provided us and our brand partners with the practical knowledge and tools to actively work towards child labour mitigation. We believe collaboration is key to taking active steps and we are proud to have been able to facilitate it as part of Boozt Care-For Sustainability Strategy” Gloria Tramontana, Sustainability Manager Learn more about our collaboration below (in Swedish):
