Feb 07, 2025 / 08:00AM GMT
Hermann Haraldsson - Boozt AB - Group Chief Executive Officer, Co-Founder
Thank you and welcome all to our Q4 webcast. I think we have a busy day ahead of us. So, let's just turn to the to the first slide and yeah, we entered the year with a topline growth of some 6.3%. So, at the low end of the guidance that we communicated back in February, we had of course hope for more but given the quite challenging market conditions, we believe that we have made this quite well. In 2024 the adjusted a margin increased to 5.7% from 5.2% last year.
And this was mainly due to the exemption from the Norwegian Customs which we obtained during the year. So just to make it crystal clear, the exception is of course also applicable going forward. So, the 5.7% margin is a new base going forward. Moving on to the fourth quarter revenue increased by 4% and this growth was driven by Booztlet revenue from Booztlet increased by 36% in the quarter, supported by the price initiatives that we started in Q3.
We came into the second half of the year with the with some elevated stock levels. And which is why we using
Q4 2024 Boozt AB Earnings Call Transcript
Feb 07, 2025
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