E-commerce traffic - February 2025

E-commerce Q4'24: just the beginning

Q4 could be the start of something new

Large profitability beat

E-commerce traffic - January 2025

Boozt AB: 1 director

A director at Boozt AB sold 30,000 shares at 87.635DKK and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showin...

Cautious guidance still points to a good 2025

Boozt (Hold, TP: SEK130.00) - High uncertainty entering 2025

For 2025, Boozt pointed to still-weak Nordic consumer sentiment and high inventory, posing a challenging near-term backdrop. Although we expect it to benefit from likely sequentially improved consumer sentiment throughout 2025, we find the valuation fair with the stock trading at a 2025e P/E of c26x. We thus reiterate our HOLD, but have raised our target price to SEK130 (120) based on our 2025–2026e adj. EV/EBIT.

Boozt (Hold, TP: SEK120.00) - 2025 outlook on the soft side

We consider this a slightly negative report for Boozt, including a soft 2025 outlook and Q4 results largely as pre-warned. We expect consensus 2025e adj. EBIT to come down by c2% following the report, and a negative share price reaction today.

New guidance appears very cautious

A strong end to a strong year

Another win against AOV declines

Stronger growth and higher margin

Strong campaign period growth

Proves incremental growth opportunities exist

Accelerating again

First proof of recovery

"The fourth quarter marked a turning point"

Q2: accelerating again

AOV decline period might be history