Boozt AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 18, 2023 at 02:00 am EDT
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Boozt AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 1,687.2 million compared to SEK 1,553.2 million a year ago. Revenue was SEK 1,687.2 million compared to SEK 1,553.7 million a year ago. Net income was SEK 66.1 million compared to SEK 46.1 million a year ago. Basic earnings per share from continuing operations was SEK 0.97 compared to SEK 0.68 a year ago. Diluted earnings per share from continuing operations was SEK 0.96 compared to SEK 0.68 a year ago.
For the six months, sales was SEK 3,211.9 million compared to SEK 2,977.2 million a year ago. Revenue was SEK 3,211.9 million compared to SEK 2,985.3 million a year ago. Net income was SEK 61.1 million compared to SEK 38.5 million a year ago. Basic earnings per share from continuing operations was SEK 0.9 compared to SEK 0.57 a year ago. Diluted earnings per share from continuing operations was SEK 0.89 compared to SEK 0.57 a year ago.
Boozt AB is a Sweden-based company engaged in the provision of e-commerce solutions for the apparel industry. The Company offers customized e-commerce software and services that create e-commerce platforms, namely Boozt.com and its mono-brand stores, that are fully hosted and managed. Its software includes Propilot, a Web shop management administration system that enables changes to Web shop content; Podium, a front end module which ensures optimized user experience for users on mobile devices; Fastlane, a warehouse management system (WMS) that runs fulfillment processes in warehouses and integrates them with distribution partners; CS Eye, a customer overview service; and Brand Portal, a business intelligence (BI) service suite. Its services include the development of an initial strategy, building an online shop, fulfilling orders, handling returns, running ongoing campaigns and acquiring and retaining customers.
BOOZT AB 
