Boozt Ab Stock Earnings Reports

Boozt reported a solid start to 2026 with 4% constant currency revenue growth in Q1 and marked improvement in March following the launch of a larger, more inspirational spring/summer assortment (35% more styles vs. SS25). Management sees customer response (including +40% style-variant purchases and ~250k new customers in the period) as company-driven and sustainable, underpinning plans to accelerate growth in H2. Underlying profitability improved despite FX headwinds; adjusted EBIT margin guidance was raised by 30 basis points to 5.6%–6.8% reflecting more favorable currency assumptions. Inventory health and turnover improved (quarterly inventory turnover 0.4), and management plans a significant inventory ramp-up for autumn/winter to support a target of returning to double-digit growth in H2. Operational efficiency gains from AI were highlighted (AI handling 40% of customer inquiries, automated product categorization reducing 20% manual workload, and 5–10% effective warehouse capacity gain). Cash generation remains strong (LTM free cash flow SEK 754m), the company initiated a SEK 200m buyback, and liquidity is available to support commercial investment. Risks called out: macro/consumer uncertainty, limited high-quality wholesale inventory for near-term ramp, and FX/hedging dynamics (more than half of NOK exposure hedged). Management reiterated guidance of 3%–8% constant currency revenue growth but now considers the high end more likely.