Boozt AB (publ) (BOOZT) Q1 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Boozt Ab.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:01.482 -- 00:00:05.227 Good morning and welcome to 00:00:05.227 -- 00:00:09.430 our presentation of our Q1 2026 00:00:09.813 -- 00:00:11.813 report. 00:00:12.256 -- 00:00:18.044 Let's just go to the agenda slide. We will have the usual agenda for the presentation 00:00:18.044 -- 00:00:23.491 and I will present the highlights of the quarter and the strategic update 00:00:23.491 -- 00:00:27.053 before handing over to Michael for the financials. 00:00:27.356 -- 00:00:29.737 Next slide, please. 00:00:31.233 -- 00:00:36.441 We have said that 2026 would be a year of growth acceleration, 00:00:36.441 -- 00:00:41.468 and the first quarter tells us that we are back on track for that. 00:00:41.468 -- 00:00:46.836 We delivered 4% constant currency growth, and while January and February were soft, 00:00:46.836 -- 00:00:51.703 momentum changed in March, which saw a significant increase. 00:00:51.703 -- 00:00:55.448 This correlated with the launch of our spring-summer 00:00:55.448 -- 00:00:57.150 assortment, 00:00:57.150 -- 00:01:00.493 where we went into the season with around 35% 00:01:00.493 -- 00:01:05.438 more styles than last year, and an assortment that we believe is the most relevant and 00:01:05.438 -- 00:01:10.363 inspiring we have offered for some time. And we can see that our customers are responding, 00:01:10.363 -- 00:01:13.666 so that's very positive. On profitability, 00:01:13.666 -- 00:01:16.609 the underlying margin continues to improve. 00:01:16.609 -- 00:01:22.275 Our adjusted AVID margin increased slightly versus last year, despite significant 00:01:22.275 -- 00:01:25.116 FX headwinds. 00:01:25.182 -- 00:01:30.451 Looking ahead, we are in a strong position to push harder in the second half. 00:01:30.451 -- 00:01:35.600 Our inventory is clean and h...