October and November delivered ahead of expectations and net revenue growth for 2021 is now expected in the upper end of the 27.5-32.5% range. The adjusted EBIT margin outlook is maintained at above 5.5% indicating a higher absolute adjusted EBIT for the year.

“The Modern Nordic Department Store strategy continued to unfold with strong growth across all our categories Kids, Sport, Beauty and Home as well as strong growth in the classic Women and Men’s fashion. We have experienced growing momentum in the first two months of the fourth quarter and Black Friday week itself had a positive development compared to last year, and showed record sales. We welcomed around 125,000 new customers during the Black Friday week.
With the recent expansion of the fulfilment automation our colleagues in Ängelholm, Sweden handled the most busy period of the year impressively, and set a new record for numbers of orders handled per hour with ~8000 during peak.”

For additional information, please contact:

Hermann Haraldsson / Group CEO / Phone: +45 20 94 03 95 / Email: heha@boozt.com 
Ronni Olsen / IR & Corporate Communications / Phone: +45 31 22 04 56 / Email: rofo@boozt.com

This information is information that Boozt is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-11-30 08:00 CET.

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Boozt continues strong momentum now expecting growth in the upper end of 2021 outlook

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