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% forBoozt.com and 15% also for Booztlet.com - The full-year net revenue in the Nordics increased with 13% mainly driven by
Denmark andFinland . The rest ofEurope increased 42% - The average order value increased 6% to a record high
SEK 947 forBoozt.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 theBoozt Group . Once validated, the targets will be publicly accessible onBoozt '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,
“In 2023, we continued the development of our
We managed to get our customers to buy more of our categories on
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
The full Annual Report including the Corporate Governance Report and the Sustainability Report for 2023 is available at www.booztgroup.com/reports-and-presentations.
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