Feb 21, 2019 / 08:30AM GMT
Operator
Hello, and welcome to the Boozt Q4 2018 report. Today, I am pleased to present CEO Hermann Haraldsson; and CFO Allan Junge-Jensen. (Operator Instructions) Gentlemen, please begin.
Hermann Haraldsson - Boozt AB(publ)-Group CEO
Good morning. This is Hermann speaking. I think we just start by going to the first slide, the key highlights. If we look at the key highlights, there is basically not much new since our announcement about 4 weeks ago. We had a quite strong end to the quarter with a 39% net revenue growth and a better-than-expected EBIT margin due to scale effects and also because gross margins did not deteriorate as we had feared. The growth was supported by Boozt.com with 37% and Booztlet with 77%. And then currency had a 4 percentage points impact in Q4. The decline in the adjusted EBIT margin in Q4 compared to last year was driven by, one, the lower gross margin; and then also the investments in the physical stores. We could offset the decline in gross margin due to scale effects in marketing and admin and other costs,
Q4 2018 Boozt AB Earnings Call Transcript
Feb 21, 2019
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