Boozt AB Q4 2018 results update
Following a well-executed Black Friday weekend, our momentum improved in December with customers converting on higher gross margins than anticipated. This led to a higher than expected adjusted EBIT margin of 6.4% in Q4 and 2.3% for 2018, outperforming the latest full year guidance of 1.5-2.0%. Net revenue growth of 39% (constant currency 35%) in Q4 and 38% (constant currency 33%) for 2018 was in line with expectations.SEK million Oct 1 Oct 1 – Change Jan 1 – Jan 1 – Changeunless – Dec 31, Dec 31, Dec 31,otherwise Dec