Q1 2026 Boozt AB Earnings Call Transcript
Key Points
- Boozt AB (STU:BOK) reported a 4% constant currency growth in Q1 2026, with a significant momentum shift in March due to the launch of their spring-summer assortment.
- The company has improved its adjusted EBITA margin, raising guidance by 30 basis points to 5.6% to 6.8%, reflecting favorable currency moves.
- Boozt AB (STU:BOK) has initiated a new SEK 200 million buyback program, indicating strong cash generation and disciplined cash distribution.
- The company has successfully integrated AI into its operations, enhancing efficiency in customer service, supply chain, and warehouse management.
- Boozt AB (STU:BOK) has expanded its brand portfolio significantly, adding over 100 new brands in Q1 and planning to add more than 200 new brands during 2026.
- January and February were soft months for Boozt AB (STU:BOK), indicating initial challenges in the quarter.
- The company faced significant FX headwinds, impacting the underlying gross margin by 70 basis points.
- Boozt AB (STU:BOK) reported a negative free cash flow in Q1, driven by normal working capital seasonality and increased inventory for spring-summer trading.
- Finland's market did not grow, with consumer behavior appearing weak, affecting overall regional performance.
- The company acknowledges the macro and consumer environment remains uncertain, with potential risks from geopolitical tensions and low consumer confidence.
Good morning and welcome to our presentation of our Q1 2026 report.
Yeah, let's just go to the agenda slide. We will have the usual agenda for the presentation, and I will present the highlights of the quarter and the strategic update before handing over to Michael for the financials.
So next slide, please.
We have said that 2026 would be a year of growth acceleration, and the first quarter tells us that we are back on track for that. We delivered 4% constant currency growth, and while January and February were soft, momentum changed in March, which saw a significant increase. This correlated with the launch of our spring-summer assortment. Where we went into the season with around 35% more styles than last year, and an assortment that we believe is the most relevant and inspiring we have offered for some time.
And we can see that our customers are responding, so that's very positive. On profitability, the underlying margin continues to improve. Our adjusted EBITA margin increased slightly
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