Boozt (BOOZT) Q3 2026 earnings summary

Executive summary

• Q3 net revenue rose 16% in constant currency and 17% in SEK to SEK 1,951m; all major markets and categories delivered double-digit growth.

• Gross margin expanded 2.6pp to 40.0%, while adjusted EBIT margin rose 1.5pp to 5.5% from 4.0%.

• Active customers across both sites exceeded 4m, up 7% YoY; Boozt.com active customers grew 13% to 3.085m.

Financial highlights

• Q3 gross profit rose 25% to SEK 781m; reported EBIT increased 92% to SEK 80m and adjusted EBIT rose 59% to SEK 107m.

• Q3 profit for the period was SEK 59m vs SEK 26m; EPS was SEK 1.02 vs SEK 0.41, and adjusted EPS was SEK 1.39 vs SEK 0.74.

• 9M revenue increased 10% to SEK 5,674m; adjusted EBIT rose 68% to SEK 282m and profit for the period increased 32% to SEK 140m.

• Q3 free cash flow was SEK 11m vs SEK 292m; LTM free cash flow was SEK 325m, with inventory build and headquarters relocation exit tax weighing on cash flow.

Outlook and guidance

• FY26 revenue growth guidance is 9–12% in constant currency and adjusted EBIT margin guidance is 6.5–7.0%; both are expected at the high end after strong October trading.

• At current exchange rates, FX is expected to add ~1pp to FY revenue growth and ~0.5pp to adjusted EBIT margin; guidance assumes current exchange rates for the rest of 2026.

• FY26 CAPEX guidance is SEK 180–195m; fulfillment cost ratio is expected roughly in line with FY25’s 10.1%, and free cash flow is expected to be moderate due to exit tax, relocation costs and inventory build-up.

• Double-digit growth remains a target for coming years, not formal 2027 guidance; scale and technology are expected to support progress toward the 10% medium-term adjusted EBIT margin target.