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Boozt AB
(BOOZT)
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Rating:64Neutral
Price Target:
kr156.00
▼(-1.14% Downside)
Action:Reiterated
Date:08/20/26
The score is driven mainly by solid underlying financial performance and a strong, guidance-confirming earnings call with improving growth and margins plus increased buybacks. These positives are tempered by weak technical momentum (below key moving averages with negative MACD) and a relatively high P/E with no dividend yield provided.
Positive Factors
Revenue growth and margin recovery
Accelerating sales and stronger profitability indicate improved execution, pricing and product mix. If sustained, the recovery can support higher earnings quality and provide operating leverage as Boozt scales its Nordic platform.
Negative Factors
Gross-margin volatility
Variable gross margins expose earnings to product mix, discounting and cost pressure. Although Q2 improved to 40.1%, a weaker underlying margin trend could limit the durability of profit expansion if competitive pricing or inventory clearing returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and margin recovery
Accelerating sales and stronger profitability indicate improved execution, pricing and product mix. If sustained, the recovery can support higher earnings quality and provide operating leverage as Boozt scales its Nordic platform.
Read all positive factors
Boozt AB (BOOZT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr8.62B
Dividend YieldN/A
Average Volume (3M)319.20K
Price to Earnings (P/E)29.2
Beta (1Y)1.01
Revenue Growth3.66%
EPS Growth-11.08%
CountrySE
Employees1,065
SectorGeneral
Sector StrengthN/A
IndustryApparel - Retail
Share Statistics
EPS (TTM)4.98
Shares Outstanding60,255,135
10 Day Avg. Volume647,341
30 Day Avg. Volume319,196
Financial Highlights & Ratios
PEG Ratio-2.82
Price to Book (P/B)2.55
Price to Sales (P/S)0.86
P/FCF Ratio7.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)7.3
Revenue Forecast (FY)kr9.07B
Boozt AB Business Overview & Revenue Model
Company Description
Boozt AB (publ) operates as an online retailer, offering a wide array of fashion, apparel, footwear, accessories, and beauty products. Its operations are structured into three primary segments: Boozt.com, Booztlet.com, and Other. The company's mai...
How the Company Makes Money
Boozt makes money primarily by selling merchandise online and earning the margin between what it pays brand partners/suppliers for inventory and what it charges customers (net of discounts, returns, and any price promotions). A significant portion...
Boozt AB Earnings Call Summary
Earnings Call Date:Aug 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call presents multiple strong operational and financial improvements: accelerating revenue (13% in Q2), margin expansion (EBIT to 6.5%, gross margin 40.1%), successful assortment and AI initiatives, inventory ramp for H2, and robust cash generation enabling a larger share buyback. Headwinds are largely manageable and largely relate to one-offs (HQ move costs and adjustments), early-stage AI adoption, an AOV dip driven by new customers, and normal seasonal/competitive risks heading into a tougher Q4. Management confirmed guidance conservatively and emphasized execution priorities for autumn/winter, leaving upside potential if demand holds and tactical investments are well deployed.Positive Updates
Strong top-line growth and margin recovery
Revenue grew 13% in Q2 2026 and EBIT margin almost doubled to 6.5%, reflecting a rapid return to double-digit growth and improved profitability.
Negative Updates
AOV decline on Boozt.com despite better pricing mix
Average order value on Boozt.com declined year-on-year due to fewer items per basket; explained by a higher share of new customers who initially buy fewer items despite a slight increase in average item price.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong top-line growth and margin recovery
Revenue grew 13% in Q2 2026 and EBIT margin almost doubled to 6.5%, reflecting a rapid return to double-digit growth and improved profitability.
Read all positive updates
Company Guidance
Management confirmed the upgraded 2026 outlook announced on 29 June, reaffirming full‑year revenue growth guidance of 7–11% (while still targeting double‑digit growth), noting Q2 growth of 13%, EBIT margin nearly doubled to 6.5% and gross margin at 40.1% (+1pp YoY); Q3 is said to be tracking as expected. They moved CapEx guidance toward the high end of prior expectations because of one‑off Copenhagen HQ investments, expect admin costs to be elevated (relocation and commercial hires), and said marketing headroom in H2 will be used to support growth so the H1 marketing‑ratio improvement is unlikely to repeat in full. Cash generation exceeded SEK 600m over the last 12 months, Q2 was roughly cash‑breakeven, inventory is now above last year as they ramp for autumn/winter, and quarter adjustments totaled SEK 39m (SEK 28m share‑based, SEK 11m for B2B closure). Finally, capital return was increased: the buyback was expanded from SEK 200m to SEK 300m and the Board initiated another SEK 100m mandate — management expects ~SEK 400m of repurchases this year and ~SEK 850m over the last two years (~10% of share capital).Boozt AB Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.53B | 8.29B | 8.24B | 7.75B | 6.74B | 5.81B |
| Gross Profit | 412.00M | 1.88B | 3.21B | 1.71B | 2.67B | 2.35B |
| EBITDA | 751.00M | 753.00M | 744.00M | 562.00M | 480.60M | 428.00M |
| Net Income | 301.00M | 301.00M | 342.00M | 233.00M | 186.05M | 188.70M |
Balance Sheet | ||||||
| Total Assets | 5.45B | 5.70B | 6.29B | 5.96B | 5.99B | 5.06B |
| Cash, Cash Equivalents and Short-Term Investments | 112.00M | 1.10B | 1.17B | 1.46B | 1.76B | 1.55B |
| Total Debt | 755.00M | 441.00M | 878.00M | 965.00M | 1.11B | 842.60M |
| Total Liabilities | 2.80B | 2.91B | 3.31B | 3.24B | 3.49B | 2.76B |
| Stockholders Equity | 2.65B | 2.79B | 2.98B | 2.72B | 2.50B | 2.18B |
Cash Flow | ||||||
| Free Cash Flow | 681.00M | 985.00M | 14.00M | 9.00M | 285.20M | -131.90M |
| Operating Cash Flow | 798.00M | 1.03B | 251.00M | 130.00M | 805.30M | 244.20M |
| Investing Cash Flow | -195.00M | -161.00M | -239.00M | -124.00M | -715.20M | -609.40M |
| Financing Cash Flow | -867.00M | -942.00M | -299.00M | -321.00M | 119.70M | 216.00M |
Boozt AB Technical Analysis
Neutral
157.80
Price Trends
154.85
Negative
140.90
Positive
119.60
Positive
Market Momentum
-0.67
Positive
40.90
Neutral
63.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BOOZT, the sentiment is Neutral. The current price of 157.8 is above the 20-day moving average (MA) of 151.26, above the 50-day MA of 154.85, and above the 200-day MA of 119.60, indicating a neutral trend. The MACD of -0.67 indicates Positive momentum. The RSI at 40.90 is Neutral, neither overbought nor oversold. The STOCH value of 63.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BOOZT.
Boozt AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr1.06B | 7.80 | 33.64% | 2.91% | 6.54% | 6.20% | |
69 Neutral | kr1.47B | 14.73 | 26.01% | 7.85% | 1.11% | 15.17% | |
64 Neutral | kr8.62B | 29.20 | ― | ― | 3.66% | -11.08% | |
60 Neutral | kr388.15M | -60.95 | ― | 29.79% | 31.66% | 68.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | kr3.56B | 39.31 | ― | ― | 7.07% | ― | |
49 Neutral | kr538.21M | -7.97 | ― | ― | 7.99% | 33.84% |
* General Sector Average
SE:BOOZT
Boozt AB
145.40
56.30
63.19%
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SE:OBAB
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23.08%
Boozt AB Corporate Events
Boozt CEO Trims Stake with SEK 14.8 Million Share Sale
Jun 30, 2026
Boozt AB has disclosed that its CEO and co-founder, Hermann Haraldsson, sold 100,000 shares in the company on 30 June 2026 at a price of SEK 148.17 per share, for a total value of SEK 14.8 million. The transaction, which the company states was car...
Boozt Lifts 2026 Outlook on Strong Second-Quarter Performance
Jun 29, 2026
Boozt reported strong preliminary results for the second quarter of 2026, with net revenue expected to grow around 13% in both constant currency and reported SEK, driven by broad-based demand across major categories and markets. The adjusted EBIT ...
Boozt Crosses 5% Threshold in Share Buyback Programme
Jun 1, 2026
Boozt AB has repurchased 89,367 of its own ordinary shares, taking its total holding of treasury shares above 5% of the company’s share capital. Following the transaction, Boozt holds 3,149,281 shares, equal to 5.08% of all shares and 2.61% ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.