Boozt publishes Annual and Sustainability Report for 2023

Highlights from the Annual Report:

• Net revenue of SEK 7,755 million and a net revenue growth of 15% (local currency 11). Net revenue growth of 15% for Boozt.com and 15% also for Booztlet.com
• The full-year net revenue in the Nordics increased with 13% mainly driven by Denmark and Finland. The rest of Europe increased 42%
• The average order value increased 6% to a record high SEK 947 for Boozt.com
• Adjusted EBIT decreased to SEK 400 million for the period. The adjusted EBIT margin increased with 1 percentage points to 5.2%
• For 2024, we expect continued revenue growth of 5-15% and an adjusted EBIT margin of 5.2-6.0%.

Highlights from the Sustainability Report:

• Boozt submitted its carbon reduction targets for approval to the Science Based Targets initiative (SBTi) setting the path forward for the Boozt Group. Once validated, the targets will be publicly accessible on Boozt's website
• The full-year CO₂e intensity per order for all markets is 0.44 kg CO₂e which is a decrease of 10% from 2022 (0.49 kg CO₂e). Boozt's local and optimised delivery patterns and fossil-free delivery options allowed us to maintain a low 0.29 kg CO₂e per order in our Nordic delivery countries
• 0.74% of Boozt's total GHG emissions are from delivery and returns proving the advantage of a localised Fulfilment Centre (refers to GHG Scope 3 category: Upstream Transportation and Distribution)
• First Limited Assurance on Sustainability Report. 

Comment from Co-founder & CEO, Hermann Haraldsson:
“In 2023, we continued the development of our Nordic Department Store concept for Boozt.com and secured an impressive comeback for Booztlet during the year.

We managed to get our customers to buy more of our categories on Boozt.com, so that now more than 50% of our customers buy two or more categories with us. This results in not only an ever increasing average basket size, but also secures customer loyalty.

We also started to reap the benefits from our investments in automation. This combined with a continued cost focus has secured increased efficiencies in our supply chain driving the cost ratios to the lowest levels ever.

For 2024, the strategy is unchanged, and we remain focused on further developing the Nordic Department Store.”

The full Annual Report including the Corporate Governance Report and the Sustainability Report for 2023 is available at www.booztgroup.com/reports-and-presentations.