Boozt AB (publ) (BOOZT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Boost Q2 2025 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to CEO Herman Haraldson and CFO Sandra Gad. Please go ahead. Thank you and good morning all and welcome to our Q2 2025 call. Let's turn to the first slide. I think it's fair to say that the first half of the year has been challenging to quite difficult market. Despite this, our revenue for the first six months was slightly positive in local currency. While this is below our long-term ambitions, we are satisfied with the performance given the strong consumer headwinds, particularly in Denmark. Looking at Q2, it was flat in local currency, but with a 3% currency headwind, our reported revenue decline by 3% to 1.8 billion sec. This is broadly in line with what we anticipated when we updated our guides in April with the variation that May was significantly worse than we expected and June was stronger than anticipated. In the quarter, Boosled continued its strong performance with revenue growing by 14% or 17% in local currency. The strong growth is a direct result of our inventory clearance strategy. As we have said earlier, our inventory going into the spring-summer season was too high, so we have used Boosled to manage our stock levels, effectively mitigating inventory risk and keeping our offering fresh. As was intended when we launched Boostlet, this channel now is providing its value as a crucial part of our business model. In contrast, Boost.com saw a revenue decline of 6% or 3% in local currency, While this was impacted by a muted demand for fashion, sales were also affec...