Kvartalsrapport Q3 2024

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Interim 
Financial Report 
Q3 2024
January 1 - September 30, 2024

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _2
Table of content
Highlights
Q3 2024 summary............................................................................ 3
Key figures and ratios........................................................................5
Business review
Financials...........................................................................................6
ESG.................................................................................................. 11
Outlook............................................................................................13
Other information............................................................................14
Financial statements
Consolidated financial statements.................................................16
Accounting notes............................................................................ 20
Parent company financial statements............................................23
Additional information
Definitions of financial performance measures............................. 26
Financial calendar...........................................................................27
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _3
Q3 2024 summary
• Net revenue increased 6% to SEK 1,651 million (Q3 2023: 1,550) or 9% in local currency
• Growth was driven by both Boozt.com (+5%) and Booztlet.com (+13%)
• Gross margin was 38.6%, down from 39.8% in Q3 2023
• Adjusted EBIT was SEK 54 million (67) corresponding to an adjusted EBIT margin of 3.3% (4.3%)
◦ The margin in the quarter was negatively impacted by currency with around 1 percentage point
• EBIT was SEK 28 million (53) corresponding to an EBIT margin of 1.7% (3.4%)
• Profit for the period was SEK 15 million (29)
• Free cash flow increased to SEK -17 million (-94)
• Outlook for 2024 is unchanged at 7-11% net revenue growth and an adjusted EBIT margin of 5.2-5.7%
• Year-to-date, Boozt has repurchased 923,500 own shares, corresponding to 1.4% of the share capital
• Event after the reporting date: Norwegian High Court rejects appeal. The decision will eventually relieve Boozt of the obligation to pay 
Norwegian import duties. For FY 2023, import duties in Norway was approx. SEK 50 million.
Outlook 2024 (unchanged) FY 2023
Revenue growth 7-11% 15%
Adjusted EBIT margin 5.2-5.7% 5.2%
SEK million unless otherwise indicated Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change
Rolling 12 
months
Net revenue 1,651 1,550 6% 5,137 4,762 8% 8,131
EBIT 28 53 -48% 104 117 -11% 287
Adjusted EBIT 54 67 -19% 166 170 -2% 397
Profit for the period 15 29 -49% 76 90 -16% 219
Free cash flow -17 -94 81% -612 -829 26% 221
Net revenue growth (%) 6% 17% -10pp 8% 11% -3pp 13%
Gross margin (%) 38.6% 39.8% -1.2pp 39.9% 40.3% -0.4pp 39.0%
EBIT margin (%) 1.7% 3.4% -1.7pp 2.0% 2.4% -0.4pp 3.5%
Adjusted EBIT margin (%) 3.3% 4.3% -1.0pp 3.2% 3.6% -0.3pp 4.9%
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _4
— Given the challenging 
circumstances, we are satisfied with 
the development in the third quarter. 
We continue to operate in a muted 
retail environment, where customers 
are very cost conscious. Additionally, 
campaign goods, which can aid us 
in attracting the customers, remains 
difficult to attain.
Still, we continue to see an increase 
in active customers on each and every 
market that we operate in. In total, 
active customers on Boozt.com and 
Booztlet.com combined increased 
with 12% in the quarter to a total of 
3.7 million customers.
Now, it's crunch time as we embark 
on the most important part of the 
year. Our team is well-prepared for 
the season and our inventories are 
healthy and well-equipped for the 
busy period ahead.
HERMANN HARALDSSON, CEO AND CO-FOUNDER
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _5
Key figures and ratios
SEK million unless otherwise indicated Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change Rolling 12 months
GROUP
Net revenue 1,651 1,550 6% 5,137 4,762 8% 8,131
Net revenue growth (%) 6% 17% -10pp 8% 11% -3pp 13%
Gross profit 638 618 3% 2,049 1,917 7% 3,150
Gross margin (%) 38.6% 39.8% -1.2pp 39.9% 40.3% -0.4pp 39.0%
Fulfilment cost ratio (%) -11.0% -10.7% -0.3pp -11.3% -11.3% +0.0pp -10.7%
Marketing cost ratio (%) -10.2% -10.5% +0.2pp -10.4% -10.6% +0.2pp -10.2%
Admin & other cost ratio (%) -11.6% -11.1% -0.4pp -12.2% -12.0% -0.3pp -11.3%
Depreciation cost ratio (%) -4.2% -4.1% -0.0pp -3.9% -3.9% +0.0pp -3.3%
Adjusted admin & other cost ratio (%) -9.9% -10.2% +0.3pp -11.0% -10.8% -0.2pp -10.0%
EBIT 28 53 -48% 104 117 -11% 287
EBIT margin (%) 1.7% 3.4% -1.7pp 2.0% 2.4% -0.4pp 3.5%
Adjusted EBIT 54 67 -19% 166 170 -2% 397
Adjusted EBIT margin (%) 3.3% 4.3% -1.0pp 3.2% 3.6% -0.3pp 4.9%
Profit for the period 15 29 -49% 76 90 -16% 219
Earnings per share (SEK) 0.23 0.43 -48% 1.16 1.36 -15% 3.35
Earnings per share after dilution (SEK) 0.21 0.42 -49% 1.10 1.31 -16% 3.19
Adjusted earnings per share (SEK) 0.55 0.61 -9% 1.91 2.00 -4% 4.68
Adjusted earnings per share after dilution (SEK) 0.52 0.58 -10% 1.82 1.92 -5% 4.46
Net working capital 1,072 929 15% 1,072 929 15% 1,072
Net working capital as share of net revenue (%) 13.2% 12.9% +0.3pp 13.2% 12.9% +0.3pp 13.2%
Free cash flow -17 -94 81% -612 -829 26% 221
Net debt / -net cash -237 -257 8% -237 -257 8% -237
Number of employees end of period 1,170 1,197 -2% 1,170 1,197 -2% 1,170
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _6
Financials
Income statement and cash flow items are compared with the 
corresponding year-earlier period. Balance sheet items refer to 
the position at the end of the period and are compared with the 
corresponding year earlier end of period, meaning September 30, 
2023. The third quarter refers to the period July - September 2024.
Net revenue
For the third quarter, net revenue increased 6% (or 9% in local 
currency) to SEK 1,651 million (1,550). Sales growth was driven by 
all major markets and was supported by a solid progress in most 
categories, with Kids and Sports in particular performing well. 
Growth continues to be offset by limited access to campaign buys.
Market conditions remained challenging in the quarter with 
continued low consumer confidence and a high promotional 
activity. Additionally, the weather conditions are believed to have 
had an adverse effect on sales during August, while the change 
in weather in September supported a good start to the Autumn/
Winter collection.
Growth on both Boozt (+5%) and Booztlet (+13%) in the quarter 
was mainly driven by an increase in active customers. Active 
customers in the last 12 months on the two platforms increased 
with 10% (Boozt.com) and 17% (Booztlet.com) compared with 
the same period last year. The increase was supported by around 
250,000 new customers buying on the two sites during Q3 2024. 
Growth was slightly offset by a small decline in average order 
value (AOV), which was driven by currency fluctuations. The 
decline in AOV on both Boozt.com (-1%) and Booztlet (-2%) 
follows more than ten consecutive quarters with increasing AOV.
The number of multi-category buyers in the last 12 months 
increased with around 100,000 or 7% compared with the same 
period one year ago. The share of active customers that is multi-
category buyers was 51% compared with 52% in the same period 
last year; however, this development continues to be held back by 
a high inflow of new customers, which typically buy from only one 
category initially.
For the first nine months of 2024 net revenue increased 8% (or 
9% in local currency) to SEK 5,137 million (4,762).
Other revenue
Other revenue (included in revenue from Boozt.com and 
Booztlet.com) in the quarter was SEK 78 million (65), an increase 
of 20% compared with the same quarter last year. Other revenue 
includes revenue not directly related to product sales, such as 
income from Boozt Media Partnership, Boozt Data Intelligence, 
BooztPay and breakage from gift cards.
Net revenue geographical split
Revenue in the Nordics was SEK 1,480 million (1,433) in 
the quarter and increased 3% compared with the same quarter 
last year. Growth was driven by an improvement in all major 
markets, including Boozt's two largest markets, Sweden (+8%) 
and Denmark (+1% or +4% in local currency).
Revenue in the Rest of Europe was SEK 170 million (117) and 
increased 46% for the quarter. The increase was driven by a very 
strong performance in the region for both Boozt.com (+52%) and 
Booztlet.com (+33%), which was mainly driven by Germany and 
the Baltics.
SEK million Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change
Rolling 12 
months
Nordics 1,480 1,433 3% 4,602 4,384 5% 7,294
- of which Denmark 537 534 1% 1,702 1,654 3% 2,752
- of which Sweden 558 516 8% 1,720 1,606 7% 2,655
Rest of Europe 170 117 46% 536 377 42% 837
Total net revenue 1,651 1,550 6% 5,138 4,762 8% 8,131
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _7
Gross profit
Gross profit increased 3% to SEK 638 million (618) in the 
quarter. The gross margin was 38.6% (39.8%) and declined 1.2 
percentage points compared with the same quarter last year. Of 
this around 0.5 percentage points was related to unfavourable 
currency fluctuations. Additionally, the gross margin was impacted 
by the lower access to campaign goods compared with Q3 2023. 
These products typically carry a higher gross margin.
Finally, as part of an initiative to keep Boozt's inventory 
position current, more competitive prices have been offered on 
Booztlet.com on selected products from prior seasons.
For the first nine months of 2024 gross profit increased 7% to SEK 
2,049 million (1,917). The gross margin was 39.9% (40.3%).
Operational costs
The fulfilment cost ratio in Q3 2024 increased slightly to 
11.0% (10.7%). As in the previous quarter, fulfilment costs 
were impacted by more manual hours needed while building 
and testing transfer cells to connect the autostore cubes at the 
fulfilment center in Ängelholm. The impact is temporary and 
structurally the underlying efficiency is still improving in fulfilment 
and distribution. Transfer cells are now fully operational and are 
expected to bring material productivity improvements from Q4 
2024 and forward. Year-to-date the fulfilment cost ratio was 
11.3% (11.3%).  
The marketing cost ratio for the quarter was slightly down 
compared with the same quarter last year at 10.2% (10.5%). 
Boozt continues to gain the benefit from returning customers, 
which on average has an increased net spend. The loyal 
customers come to a larger degree directly to Boozt (not through 
search engines or other), which has a positive impact on the 
marketing ratio. Year-to-date the marketing cost ratio decreased 
to 10.4% (10.6%).
The adjusted admin and other cost ratio improved with 0.3 
percentage points to 9.9% (10.2%), driven mainly by operational 
leverage on costs. The improvement was achived despite Q3 2023 
being positively impacted by a re-evaluation of accounts payables 
in foreign currencies (roughly 0.5 percentage point). The admin 
and other cost ratio (excl. adjustements) increased to 11.6% 
(11.1). The increase was driven by an increase in share-based 
payments in the quarter. Year-to-date the admin & other cost ratio 
was 12.2% (12.0%).
The deprecation cost ratio for the quarter was in line with last year 
at 4.2% (4.1%). Year-to-date the depreciation cost ratio was 3.9% 
(3.9%).
All operational cost ratios were impacted by currency fluctuations 
in the quarter, as Boozt's operational costs are predominantly 
in SEK, while revenue is mainly in foreign currency. The total net 
effect is roughly -0.5 percentage points.
Adjusted EBIT
In Q3 2024, adjusted EBIT declined 19% compared with last year 
to SEK 54 million (67). The adjusted EBIT margin decreased 1.0 
percentage point to 3.3% (4.3%). The decline was mainly due 
unfavourable currency fluctuations compared with last year, which 
impacted all cost lines. This had a net impact in the quarter 
of roughly 1 percentage point. Underlying a decline in the gross 
margin, was offset by an overall improvement in operational costs.
Total adjustments in the quarter amounted to SEK 26 million (14). 
The adjustments for the quarter were all related to share-based 
payments.
Costs related to share-based payments fluctuate between periods 
as the probability of the number of performance shares under 
the programs are dynamic. Also, the provision for social charges is 
determined by the company's share price.
Year-to-date the adjusted EBIT margin declined to 3.2% (3.6%).
For a reconciliation of adjusted EBIT, please visit the Group’s 
website www.booztgroup.com/reports-and-presentations, “Q3 
Report 2024” – “Financial data”.
EBIT
EBIT declined 48% to SEK 28 million (53) in Q3 2024 
corresponding to an EBIT margin of 1.7% (3.4%). The decline was 
mainly due to higher costs related to share-based payments as 
described above as well as lower adjusted EBIT.
Year-to-date the EBIT margin was 2.0% (2.4%).
Financial items
Net financial items for the quarter totalled SEK -9 million (-15). 
Financial income amounted to SEK 2 million (5) in Q3 2024 and 
was mainly related to positive interests on the Company’s cash 
position. Financial expenses decreased to SEK -11 million (-20) 
of which SEK -6 million (-6) were related to interest on loans for 
financing the expansion of AutoStore and SEK -5 million (-4) were 
related to interest on leasing contracts according to IFRS 16. In 
Q3 2023, financial costs were impacted by a write-down of SEK 
10 million related to Liveshopper ApS.
Year-to-date financial items amounted to SEK -21 million (-24).
Tax
Tax for Q3 2024 was SEK -4 million (-9) corresponding to an 
effective tax rate for the period of 22.6% (23.3%). Year-to-date, 
tax amounted to SEK -8 million (-3), corresponding to an effective 
tax rate of 9.3% (3.2%). The first nine months of 2024 were 
positively impacted with SEK 9 million relating to a tax benefit 
from investment grants regarding investments in 2021 during 
COVID (Q1 2024) and the first nine months of 2023 was positively 
impacted by SEK 17 million relating to utilisation of tax losses 
carried forward (Q2 2023).
Profit for the period
Profit for the third quarter totalled SEK 15 million (29) resulting in 
earnings per share before dilution of SEK 0.23 (0.43). Earnings per 
share after dilution amounted to SEK 0.21 (0.42).
Profit for the nine months of the year amounted to SEK 76 million 
(90). Earnings per share before dilution amounted to SEK 1.16 
(1.36). Earnings per share after dilution amounted to SEK 
1.10 (1.31).
Share of net revenue Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change
Rolling 12 
months
GROUP
Gross margin 38.6% 39.8% -1.2pp 39.9% 40.3% -0.4pp 39.0%
Fulfilment cost ratio -11.0% -10.7% -0.3pp -11.3% -11.3% 0.0pp -10.7%
Marketing cost ratio -10.2% -10.5% 0.2pp -10.4% -10.6% 0.2pp -10.2%
Admin and other cost ratio -11.6% -11.1% -0.4pp -12.2% -12.0% -0.3pp -11.3%
Adjusted admin and other cost ratio -9.9% -10.2% 0.3pp -11.0% -10.8% -0.2pp -10.0%
Depreciation cost ratio -4.2% -4.1% -0.0pp -3.9% -3.9% 0.0pp -3.3%
EBIT margin 1.7% 3.4% -1.7pp 2.0% 2.4% -0.4pp 3.5%
Adjusted EBIT margin 3.3% 4.3% -1.0pp 3.2% 3.6% -0.3pp 4.9%
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _8
Net Working capital
Net working capital at the end of Q3 2024 was SEK 1,072 million 
(929) equivalent to 13.2% (12.9%) of net revenue for the last 
12 months.
Inventory as a percentage of revenue for the last 12 months 
increased to 43.2% compared with 42.7% in Q3 2023. The 
increase was mainly driven by a decision to build up additional 
inventory ahead of the fourth quarter as well as the first quarter 
of next year. In absolute terms inventory increased to SEK 
3,513 million (3,078).
Accounts payable increased to SEK 2,167 million (1,981) at the 
end of Q3 2024. However, as a percentage of net revenue for the 
last 12 months it declined to 26.6% compared with 27.5% at the 
end of Q3 2023.
Accounts receivable was SEK 64 million (67) at the end of the 
period corresponding to 0.8% (0.9%) of net revenue for the last 
12 months.
Cash flow
Cash flow for the period amounted to SEK -88 million compared 
with SEK -196 million in Q3 2023. The improvement was mainly 
due to cash flow from operations. Free cash flow also improved for 
the quarter to SEK -17 million (-94).
Year-to-date cash flow improved to SEK -822 million (-1,076).
Cash flow from operations
Cash flow from operating activities amounted to SEK 24 million 
(-61) in the quarter. The improvement compared with last year 
was due to less impact from changes in net working capital. Cash 
flow from operating activities before changes to networking capital 
was SEK 98 million (89).
Cash flow from investments
Cash flow from investing activities amounted to SEK -41 million 
(-33). The change was mainly due to investments in fixed assets 
increasing to SEK -12 million (-5). The investments were mainly 
related to the fulfilment center in Ängelholm, where installation of 
transfer cells is ongoing. These will connect the three AutoStore 
installations and enable automation of consolidation of orders. 
The transfer cells is now fully operational and will provide both 
cost savings and increased output capacity.
Cash flow from investments in intangible assets was SEK 
-27 million (-27) and mainly related to investments in the 
IT infrastructure.
Cash flow from financing
Cash flow from financing activities amounted to SEK -71 million 
compared with SEK -102 million in Q3 2023. The improvement 
was mainly due to the share buyback activity in the period which 
amounted to SEK -17 million in the quarter, down from SEK 
-55 million in Q3 2023.
Cash position
At the end of Q3 2024, the Group had a net cash position of 
SEK 237 million compared with SEK 257 million at the end 
Q3 2023. The cash position is impacted by Boozt's ongoing 
share repurchase program and in the last 12 months, Boozt has 
repurchased own shares to the value of SEK 147 million. Hereof, 
SEK 17 million was done in Q3 2024.
Cash and cash equivalents declined to SEK 641 million (704), 
driven among other things by the aforementioned repurchase 
own shares.
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _9
Boozt.com
Net revenue
In Q3 2024, net revenue from Boozt.com was SEK 1,337 million 
(1,272), corresponding to an increase of 5% (or 8% in 
local currency).
Revenue growth in the quarter was mainly driven by an increase 
in active customers. In the last 12 months, 2.8 million customers 
shopped at Boozt compared with 2.5 million in the same period 
last year, corresponding to an increase of 10%. Looking isolated at 
Q3 2024, the number of active customers in the period increased 
with 5% compared with the same period last year. This was 
supported by close to 200,000 new customers buying on the site 
in Q3 2024.
The average order value was SEK 938 (947), corresponding to a 
decline of 1%, driven by currency fluctuations. The average order 
value remains at a level significantly above the industry average.
Revenue in the Nordics increased 2%. The increase in the Nordics 
was mainly driven by Sweden (5%), while revenue from Denmark 
(-1%) was slightly down (in local currency revenue from Denmark 
increased 2%). The Nordic consumer remains hesitant and highly 
price sensitive, which is reflected in the performance. Revenue 
from the Rest of Europe increased 52%. The region continues to 
be supported by an improvement in sales in Germany. Following 
several adjustments on Boozt.com in Germany, which has shown 
great results, including implementation of return fees, focus on 
the country have increased. Additionally, revenue from the Baltics 
increased significantly driven by the continued focus on the region.
True frequency was 7.4 (7.0) with cohorts continuing to display 
encouraging buying patterns despite the remaining pressure on 
consumers' disposable income. Customer satisfaction continues 
to be at a high level, illustrated by a Trustpilot score of 4.4 (4.5) 
and a Net Promoter Score of 73 (75).
Year-to-date, net revenue from Boozt.com increased 7% (or 8% in 
local currency) to SEK 4,198 million (3,931).
Adjusted EBIT and EBIT
Adjusted EBIT was SEK 46 million (50) in the quarter, while the 
adjusted EBIT margin decreased 0.4 percentage points to 3.5% 
(3.9%). The margin decline was mainly due to the lower gross 
margin as well as the higher fulfilment cost ratio as mentioned on 
page 7.
The adjustment in the quarter amounted to SEK 21 million (12) 
and consisted of costs related to share-based payments.
Year-to-date, adjusted EBIT was SEK 130 million (139) 
corresponding to an adjusted EBIT margin of 3.1% (3.5%).
EBIT for the quarter declined to SEK 25 million (38) corresponding 
to an EBIT margin of 1.9% (3.0%). The decline was partially 
explained by higher costs related to share-based payments. Year-
to-date, EBIT was SEK 80 million (93) corresponding to an EBIT 
margin of 1.9% (2.4%).
SEK million unless otherwise indicated Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change
Rolling 12 
months
Boozt.com
Net revenue 1,337 1,272 5% 4,198 3,931 7% 6,715
EBIT 25 38 -34% 80 93 n/a 226
EBIT margin (%) 1.9% 3.0% -1.1pp 1.9% 2.4% -0.4pp 3.4%
Adjusted EBIT 46 50 -7% 130 139 -6% 316
Adjusted EBIT margin (%) 3.5% 3.9% -0.4pp 3.1% 3.5% -0.4pp 4.7%
No. of orders (000) 1,279 1,228 4% 4,096 3,972 3% 6,519
True frequency 7.4 7.0 6% 7.4 7.0 6% 6.9
Average order value (SEK) 938 947 -1% 938 922 2% 956
Active customers (000) 2,775 2,522 10% 2,775 2,522 10% 2,775
No. of orders per active customer 2.3 2.4 -2% 2.3 2.4 -2% 2.35
SEK million Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change
Rolling 12 
months
Boozt.com - Net revenue
Nordics 1,219 1,194 2% 3,822 3,670 4% 6,135
- of which Denmark 449 455 -1% 1,442 1,407 2% 2,362
- of which Sweden 438 419 5% 1,366 1,321 3% 2,137
Rest of Europe 118 78 52% 376 261 44% 580
Total net revenue 1,337 1,272 5% 4,198 3,931 7% 6,715
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 10 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _1 0
Booztlet.com
Net revenue
In Q3 2024, net revenue from Booztlet.com was SEK 313 million 
(278) corresponding to an increase of 13% (or 15% in local 
currency) compared with the same quarter last year.
As in the first half of 2024, Booztlet had limited access to 
campaign goods, however, growth was maintained driven by a 
significant increase in active customers. The number of active 
customers on Booztlet.com increased 17% in Q3 2024. This was 
supported by a planned initiative to offer more competitive prices 
on Booztlet in an effort to keep Boozt's inventory position current.
The improved results were achieved despite a continuous highly 
promotional market as well as the impression that the more 
price-conscious customer (targeted by Booztlet) has experienced 
a more notable relative decline in disposable income. The latter 
is evident from the increasing number of customers who have 
reduced their shopping frequency.
The average order value for the quarter was SEK 967 (989) and 
declined 2% compared with the same quarter last year.
Revenue from the Nordics was SEK 261 million (239) and 
increased 9% compared with Q3 2023, while revenue from the 
Rest of Europe grew 33% to SEK 52 million (39) following 
increased focus on the region for Booztlet.com.
Year-to-date, net revenue increased 13% to SEK 
940 million (831).
Adjusted EBIT and EBIT
Adjusted EBIT amounted to SEK 8 million (18) in the quarter 
corresponding to an adjusted EBIT margin of 2.6% (6.3%). 
The lower margin is mainly due to the lower gross margin, which 
was impacted by limited access to campaign goods as well as 
the price initiatives initiated during the quarter.
The adjustment in the quarter amounted to SEK 6 million (3) and 
consisted only of costs related to share-based payments.
Year-to-date, adjusted EBIT increased to SEK 36 million (31) with 
an adjusted EBIT margin of 3.8% (3.7%).
EBIT for the third quarter was SEK 2 million (15) corresponding to 
an EBIT margin of 0.7% (5.3%). Year-to-date, EBIT increased to 
SEK 24 million (24) corresponding to an EBIT margin of 2.5% 
(2.9%).
SEK million unless otherwise indicated Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change
Rolling 12 
months
Booztlet.com
Net revenue 313 278 13% 940 831 13% 1,417
EBIT 2 15 -84% 24 24 -1% 61
EBIT margin (%) 0.7% 5.3% -4.6pp 2.5% 2.9% -0.4pp 4.3%
Adjusted EBIT 8 18 -53% 36 31 17% 80
Adjusted EBIT margin (%) 2.6% 6.3% -3.7pp 3.8% 3.7% 0.1pp 5.7%
No. of orders (000) 312 272 15% 953 869 10% 1,410
Average order value (SEK) 967 989 -2% 952 923 3% 973
Active customers (000) 905 775 17% 905 775 17% 905
No. of orders per active customer 1.6 1.6 -5% 1.6 1.6 -5% 1.6
SEK million Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change
Rolling 12 
months
Booztlet.com - Net revenue
Nordics 261 239 9% 780 714 9% 1,159
- of which Denmark 88 79 12% 260 247 5% 390
- of which Sweden 120 97 24% 354 285 24% 518
Rest of Europe 52 39 33% 160 117 37% 257
Total net revenue 313 278 13% 940 831 13% 1,417
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 11 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _1 1
ESG
As the Nordic Department Store, we are dedicated to delivering 
a great shopping experience to our customers. In this pursuit, 
sustainability is a crucial building block for our long-term business 
success, ensuring that we meet the needs of our stakeholders. 
With the help of a clear vision and strategy, we intend to amplify 
our efforts and share best practices that can influence a more 
sustainable industry.
Care-For strategy
The sustainability Care-For strategy is the roadmap for how to 
become the leading e-commerce company in the Nordics. Boozt's 
efforts are focused on four dimensions: Environment, Employees, 
Community and Governance. Within each dimension, Boozt is 
working with three goal areas and has set targets to support 
the sustainability Care-For strategy. Progress on goal areas and 
targets can be found on page 12, ‘Development per goal area in 
Q3 2024’.
CSRD and ESRS Implementation
Boozt is committed to continuous improvement in its sustainability 
practices. Over the past two years, Boozt has consistently 
reported on selected ESG KPIs and highlights on a quarterly 
basis. With the recent shift in the legislative landscape with 
the upcoming Corporate Sustainability Reporting Directive (CSRD) 
regulation and its European Sustainability Reporting Standards 
(ESRS), Boozt is adapting to embrace stricter, unified standards 
that will ultimately drive meaningful change within the industry. 
While Boozt’s quarterly reporting has changed to align with the 
upcoming CSRD and ESRS regulations, stakeholders will stay 
informed about Boozt's ongoing ESG initiatives and projects 
through the section ‘Development per goal area’.
Boozt is actively preparing for the new CSRD and ESRS 
regulations. A data management system was established, 
encompassing the full ESRS framework and material disclosure 
requirements based on identified material topics. Boozt carried 
out an ESRS test reporting to identify potential data gaps 
and areas for improvement. This test not only helped identify 
missing data points but served to educate internal reporters on 
the new regulations. Additionally, a comprehensive sustainability 
handbook was developed to further support reporters and provide 
clear guidance on data collection, and reporting.
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 12 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _1 2
Development per goal area in Q3 2024
Environment
 
Reducing GHG emissions
• Boozt submitted the new multi-environmental issue 
questionnaire of CDP. The questionnaire will be publicly 
available on the CDP website.
• At the beginning of 2024, in alignment with its 2022 
commitment to the Science Based Target initiative, Boozt 
submitted its reduction targets for approval.
In Q3, the SBTi approved Boozt’s near-term science-
based emissions reduction targets. The Science Based 
Targets Initiative (SBTi) is a corporate climate action 
organisation that enables companies and financial 
institutions worldwide to play their part in combating the 
climate crisis.
Boozt’s approved science-based targets include:
• Boozt Group commits to reduce absolute scope 1 and 2 
GHG emissions 55% by 2032 from 2022 base year.
• Boozt Group also commits to increase active annual 
sourcing of renewable electricity from 98.2% in 2022 to 
100% by 2030.
• Boozt Group further commits that 88% of its suppliers by 
spend covering purchased goods and services, will have 
science-based targets by 2028.
More information about the approved science-based targets 
can be found in the press release here.
Employees
 
Engaging & Healthy work environment
• Boozt maintains a high employee engagement level, 
with an aggregated employee survey participation rate 
of 90%. We have reintroduced a five day working week 
at the office which has contributed to a decreased eNPS 
score of 42 (Q3 2023: 58).
• A new social events calendar for fall has been 
launched, packed with great initiatives to encourage 
socialising and networking across different teams 
and departments.
Shaping employee development
• Boozt recently initiated a mentorship program with 30 
participants and a productive kick-off. The mentorship 
program emphasises the importance of knowledge 
sharing, with the core belief that all employees possess 
valuable insights to share.
Community
 
Empowering customers
• Boozt's Sustainability Department actively encourages 
collaboration across teams to drive innovative approaches 
to sustainability. A recent example is the first "Made With 
Care" photoshoot, which challenged traditional sustainability 
imagery, creating a more engaging and impactful visual story. 
The curated products focused on items fulfilling the Made With 
Care criteria, and the imagery itself is designed to be used for a 
longer period than traditional campaigns.
Involving Community
• Boozt's Sustainability Department participated in the Cascale 
Annual Meeting in Munich. The event featured topics like 
supply chain due diligence, climate action, regulations, and 
collective initiatives. Boozt is actively collaborating with 
other retailers to develop aligned approaches for effective 
due diligence.
Engaging Suppliers
• At the end of Q3, Boozt onboarded 32% of its business 
volume in the apparel and footwear segment to complete 
the Higg BRM 2023. 23% of Boozt’s business volume have 
shared their module, giving Boozt access to their supply chain 
data, and ESG risks, key to enabling Boozt’s supply chain 
risk assessment. 
• Boozt is proud to co-host the Fashion Transparency Summit for 
the second year, alongside Fashion Cloud, Zalando, Wehkamp, 
Magasin du Nord, De Bijenkorf, and this year, About You. Taking 
place in November, the summit addresses the urgent need 
for accessible sustainability information in an era of evolving 
regulations and increasing consumer expectations. Over 200 
industry leaders will gather to discuss how to close the current 
sustainability data gap.
Governance
 
Accelerating transparency
• Boozt actively engaged with ISS ESG, a leading sustainability 
ratings firm. Boozt provided feedback to help improve the 
accuracy of the corporate rating. This collaboration is crucial 
for ensuring that Boozt’s sustainability efforts are recognized 
and understood by investors.
• Boozt has shared its 2023 data with the ESG database of 
the Nasdaq ESG Portal and has been certified as a ‘Nasdaq 
ESG Transparency Partner’. By being part of the Nasdaq ESG 
database, investors are enabled to integrate this data into 
their screening process and investment decisions.
Mitigating risks
• During Q3, Boozt launched the ESG Supplier Scorecard to 
its fashion segment (apparel and fashion). To this point, 119 
brands have completed the ESG Supplier Scorecard, giving 
access to additional ESG supply chain data, enabling the 
supply chain risk assessment.
• Boozt's sustainability risks were formally integrated into its 
annual internal control self-assessment process to identify 
and mitigate potential risks across all business processes. 
The Sustainability Department actively participated in 
interviews with risk owners and collaborated with the internal 
control function. 
• Boozt is engaging suppliers to ensure accurate and 
transparent environmental data for its "Made With Care" 
shop. This includes validating voluntary environmental 
claims and requiring social audits from high-risk production 
countries to meet its requirements, relying on globally 
recognised third-party certifications. In Q3, Boozt reached 
over 200 approved data files, bringing the total to over 
1,050 files reviewed year-to-date, demonstrating its proactive 
approach to mitigating misleading claims risk.
 
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 13 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _1 3
Outlook
Outlook 2024
The outlook for 2024 is unchanged. For the full year 2024, Boozt 
expects a net revenue growth in the range of 7-11% and an 
adjusted EBIT margin of 5.2-5.7%.
Revenue growth for the year is expected to be supported by 
market share gains as well as an increase in online penetration 
across Boozt’s product categories. 
The adjusted EBIT margin is expected to be challenged by a 
continuous promotional environment as well as the consumers’ 
current hesitant buying behaviour. The margin is still expected to 
benefit from economies of scale as well as cost initiatives across 
the Group.
CAPEX for 2024 is expected to around SEK 225 million (from 
previously SEK 150-250 million). 
The outlook for 2024 assumes that the exchange rates will remain 
at the current level. Assuming current exchange rates versus the 
Swedish Krona, the impact from currency on revenue growth is 
expected to be around -1%.
Long-term growth and 
profitability ambitions
• Market share around 10% of the total fashion and lifestyle 
market in the Nordics
• Adjusted EBIT margin exceeding 10%
Boozt has successfully managed to grow net revenue significantly 
faster than the Nordic market since 2017. The market in the 
Nordics remains attractive and the company expects to continue 
the accelerated market share gains supported by the position as 
the leading Nordic Department Store.
When the Company’s growth rate is in line with the Nordic online 
fashion and lifestyle market, Boozt believes that its business 
model with best-in-industry unit economics will result in double-
digit margins and strong cash generation. More specifically, Boozt 
aims to reach an adjusted EBIT margin of 10% already in 2028.
Outlook 2024
Outlook as of
August 16, 2024
Outlook as of
February 8, 2024
Reported
FY 2023
Revenue growth 7-11% 5-15% 15%
Adjusted EBIT margin 5.2-5.7% 5.2-6.0% 5.2%
The outlook assumes constant currencies from the time of this announcement and for the remainder of the financial year
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 14 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _1 4
Other information
Significant events during Q3 2024
Norwegian Tax Authority appeals
On September 9, the verdict by the Court of Appeals (Borgarting 
lagmannsrett) in the case between Boozt and the Norwegian Tax 
Authority was appealed by the Tax Authority to the Norwegian 
High Court (Høyesterett).
The case concerns the validity of the Norwegian Tax Authority's 
decision on September 30, 2022, to reject Boozt's application 
for simplified registration for value added tax in the Norwegian 
so-called VOEC-registry.
Significant events after the 
reporting date
Appointment of Nomination Committee
On October 7, Boozt's Nomination Committee was formed in 
accordance with the principles adopted by the Annual General 
Meeting and has the following composition:
• Anders Lund (appointed by BLS Capital), Chair of the 
Nomination Committee
• Joakim Gjersøe (appointed by Ferd AS)
• Claus Wiinblad (appointed by ATP)
• Henrik Theilbjørn, Chair of the Board of Boozt AB
The Nomination Committee submits proposals to the AGM 
regarding the composition of the Board, remuneration of the 
Board, election of auditors and auditor fees.
Norwegian High Court rejects appeal
On 4 November, Boozt received notification that the Norwegian 
High Court rejected the appeal submitted by the Norwegian Tax 
Administration (Skatteetaten). The appeal relates to the verdict 
issued by the Court of Appeals (Borgarting lagmannsrett) on June 
25, 2024, in the case involving Boozt Fashion AB and the Tax 
Administration. The verdict issued by the Court of Appeals is 
therefore now legally binding and cannot be appealed. 
The case centers around the validity of the Norwegian Tax 
Administration's decision on September 30, 2022, to reject 
Boozt’s application for simplified registration for value-added tax 
in the Norwegian so called VOEC registry.
Boozt will now reapply for simplified registration for value-added 
tax. This will, when approved, relieve the company of the 
obligation to pay Norwegian import duties on products sold 
to Norwegian customers. These import duties amounted to 
approximately SEK 50 million during the fiscal year 2023. The 
cost-saving implications of the judgment are expected to be 
realized during 2025.
Treasury shares
During Q3 2024, Boozt repurchased 162,000 own shares, 
corresponding to SEK 17 million. In the first nine months of 
2024, Boozt repurchased 923,500 shares in total, corresponding 
to SEK 115 million. This includes shares repurchased as part of 
the former share buyback program, which was launched in 2023 
and expired on 25 April 2024.
As of the date of this report, Boozt holds 4.5% of the share capital 
in Boozt Fashion AB or a total of 3,092,658 treasury shares, of 
which 1,744,867 are classified as C-shares.
Parent company
Net revenue of the parent company amounted to SEK 33 million 
(30) in Q3 2024. The parent company has invoiced fees 
for management services in accordance with the Group’s 
intracompany agreements to other Group companies during the 
period. Costs for the period are mainly attributable to costs related 
to personnel costs for the Group Management and remuneration 
to the Board of Directors. Net profit for the quarter totalled SEK 
1 million (0).
Seasonal variances
Seasonal variances affect the Group since purchases are cyclical 
and inventories are built up before each season. However, each 
quarter is comparable between years. Traditionally the fourth 
quarter has the highest net revenue, whereas the first quarter 
has the lowest. Inventory levels in the industry can be affected 
by an early or late start to the season impacting the promotional 
activities needed to clear inventory. To illustrate the long-term 
development trend the Group reports rolling twelve months’ 
figures, where applicable.
Risks and uncertainties
Boozt has developed a risk management framework with the 
purpose to strengthen the structure of how risk management is 
carried out throughout the Group. Identified risks are reviewed by 
the Board of Directors continuously. No recognisable risk for the 
Group’s ability to continue as a going concern has been identified. 
All identified risks as well as the risk management process is 
described in the Group’s Annual Report 2023 on pages 36-38.
Related party transactions
Boozt’s related parties and the extent of transactions with its 
related parties are described in Note 26 in the Annual Report 
2023. There have not been any significant transactions with 
members of Group Management or other related parties during 
the quarter. 
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 15 =====

Financial 
statements
Consolidated financial statements.................................................16
Accounting notes............................................................................ 20
Parent company financial statements............................................23

===== SIDA 16 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _1 6
Consolidated 
financial statements
Consolidated income statement
SEK million Note Q3 2024 Q3 2023 9M 2024 9M 2023
Rolling 12 
months
Net revenue 2 1,651 1,550 5,137 4,762 8,131
Total operating income 1,651 1,550 5,137 4,762 8,131
Goods for resale -1,013 -932 -3,088 -2,845 -4,960
Other external costs -359 -338 -1,142 -1,062 -1,750
Cost of personnel -183 -172 -594 -546 -860
Depreciation and amortisation 
of tangible and 
intangible assets
-69 -64 -202 -188 -266
Other operating costs 1 9 -7 -4 -8
Total operating costs -1,623 -1,497 -5,033 -4,645 -7,844
OPERATING PROFIT (EBIT) 2 28 53 104 117 287
Financial income 2 5 13 16 21
Financial expenses 3 -11 -20 -33 -39 -45
Net financial items -9 -15 -21 -24 -24
PROFIT BEFORE TAX 2 19 37 83 93 263
Income tax -4 -9 -8 -3 -44
PROFIT FOR THE PERIOD 15 29 76 90 219
Note Q3 2024 Q3 2023 9M 2024 9M 2023
Rolling 12 
months
Average number of 
shares (000)
65,341 66,297 65,297 65,958 65,428
Average number of shares after 
dilution (000)
69,086 69,057 68,622 68,802 68,607
Earnings per share (SEK) 0.23 0.43 1.16 1.36 3.35
Earnings per share after 
dilution (SEK)
0.21 0.42 1.10 1.31 3.19
Consolidated statement of comprehensive income
SEK million Note Q3 2024 Q3 2023 9M 2024 9M 2023
Rolling 12 
months
PROFIT FOR THE PERIOD 15 29 76 90 219
ITEMS THAT MAY BE 
RE-CLASSIFIED TO THE 
INCOME STATEMENT:
Translation differences 6 13 - - -2
TOTAL COMPREHENSIVE 
PROFIT FOR THE PERIOD
21 42 76 90 218
ATTRIBUTABLE TO
Parent company's shareholders 21 42 76 90 218
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 17 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _1 7
Consolidated statement of financial position
SEK million Note Sep 30, 2024 Sep 30, 2023 Dec 31, 2023
ASSETS
Trademarks 4 95 96 93
Goodwill 4 304 309 298
Web platform 4 232 196 205
Total intangible assets 630 602 596
Right of use asset 500 478 526
Machinery and equipment 4 809 806 785
Total tangible assets 1,309 1,285 1,311
Deposits 11 9 8
Shares in associated companies 20 14 15
Deferred tax asset 18 20 18
Total other assets 48 43 42
Total non-current assets 1,987 1,930 1,948
Inventory 3,513 3,078 2,281
Accounts receivable 3 64 67 41
Other receivables 3 149 156 147
Current tax receivables 41 6 7
Prepaid expenses and accrued income 97 89 70
Cash and cash equivalents 3 641 704 1,463
Total current assets 4,505 4,099 4,010
TOTAL ASSETS 6,492 6,029 5,959
SEK million Note Sep 30, 2024 Sep 30, 2023 Dec 31, 2023
EQUITY AND LIABILITIES
Share capital 6 6 6
Other capital contributions 2,358 2,273 2,307
Reserves 43 53 37
Retained earnings including profit for the period 332 260 372
Total equity 2,739 2,591 2,721
Non-current interest bearing liabilities 3 293 351 326
Non-current lease liabilities 3 425 420 456
Other non-current provisions 16 12 22
Deferred tax liabilities 19 20 19
Total non-current liabilities 754 801 824
Current interest bearing liabilities 3 111 96 97
Current lease liabilities 3 97 74 86
Accounts payable 3 2,167 1,981 1,140
Current tax liabilities 17 28 52
Other liabilities 3 211 131 527
Accrued expenses and prepaid income 397 327 512
Total current liabilities 3,000 2,637 2,414
Total liabilities 3,753 3,438 3,238
TOTAL EQUITY AND LIABILITIES 6,492 6,029 5,959
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 18 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _1 8
Consolidated statement of changes in equity
SEK million Share capital Other capital contributions Reserves
Profit brought forward incl. period's 
profit/loss for the year
Total equity attributable to parent 
company shareholders
Equity as per Jan 1, 2023 6 2,230 39 228 2,503
Profit for the period - - - 90 90
Other comprehensive income - - 13 - 13
COMPREHENSIVE PROFIT/LOSS FOR THE PERIOD 0 0 13 90 103
Share capital increase 0 - - 0 -
Sharebased compensation - 43 - - -
Share buyback - - - -58 -58
Total transaction with owners 0 43 0 -58 -15
Equity as per Sep 30, 2023 6 2,273 53 260 2,591
SEK million Share capital Other capital contributions Reserves Profit brought forward incl. period's 
profit/loss for the year
Total equity attributable to parent 
company shareholders
Equity as per Jan 1, 2024 6 2,307 37 372 2,721
Profit for the period - - - 76 76
Other comprehensive income - - 6 - 6
COMPREHENSIVE PROFIT/LOSS FOR THE PERIOD 0 0 6 76 82
Sharebased compensation - 51 - - 51
Share buyback - - - -116 -116
Total transaction with owners 0 51 0 -116 -64
Equity as per Sep 30, 2024 6 2,358 43 332 2,739
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 19 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _1 9
Consolidated statement of cash flow
SEK million Note Q3 2024 Q3 2023 9M 2024 9M 2023
Rolling 12 
months
Operating profit 28 53 104 117 287
Adjustments for non-
cash items:
Non-cash remuneration from 
share based payments 
(social charges)
4 -26 10 -18 23
Non-cash remuneration from 
share based payments
22 14 51 43 85
Depreciation 69 64 202 188 267
Other items not included in 
cash flow
1 3 1 -1 1
Redemption of share based 
payments (social charges)
-0 - -16 - -16
Interest received 2 5 13 16 21
Interest paid 3 -11 -10 -34 -28 -44
Paid income tax -17 -13 -76 -75 -88
CASH FLOW FROM 
OPERATING ACTIVITIES 
BEFORE CHANGES IN 
WORKING CAPITAL
98 89 255 240 536
Changes in inventory -1,120 -927 -1,232 -1,039 -435
Changes in current assets -65 -71 -59 -136 2
Changes in current liabilities 1,110 847 607 202 333
Cash flow from changes 
working capital
-75 -150 -684 -973 -101
CASH FLOW FROM 
OPERATING ACTIVITIES
24 -61 -428 -733 435
SEK million Note Q3 2024 Q3 2023 9M 2024 9M 2023
Rolling 12 
months
Acquisition of operations, net 
liquidity effect
4 0 - -5 -3 -5
Investments in fixed assets 4 -12 -6 -94 -18 -100
Change in financial assets 4 -2 -0 -2 -1 -1
Investments in 
intangible assets
4 -27 -27 -83 -75 -108
CASH FLOW FROM 
INVESTING ACTIVITIES
4 -41 -33 -184 -96 -214
Share buyback -17 -55 -116 -58 -147
New loans - - 53 58 53
Repayments of loans -24 -24 -72 -181 -96
Repayments of lease liability -29 -22 -75 -66 -93
CASH FLOW FROM 
FINANCING ACTIVITIES
-71 -102 -210 -247 -283
Cash flow for the period -88 -196 -822 -1,076 -62
Currency exchange gains/
losses in cash and 
cash equivalents
4 -1 - 2 -1
Cash and cash equivalents 
beginning of period
725 901 1,463 1,777 704
CASH AND CASH 
EQUIVALENTS END 
OF PERIOD
641 704 641 704 642
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 20 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _2 0
Accounting notes
Note 1 - Accounting principles
The report is prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish annual Accounts Act. Information 
required by IAS 34 p.16 A is provided in notes and other sections in the interim report. The accounting principles and calculations 
method have remained unchanged from those applied in the 2023 Annual Report. Amended or new standards taking effect from January 
1, 2024 have not had any material impact on the Group's financial reports for the period.
Important estimates and assessments
Preparation of the financial reports in accordance with IFRS requires management to make assessments and estimates and assumptions 
that affect application of the accounting policies and the recognised amounts of assets, liabilities, income, and expenses. Actual results 
may differ from these estimates.
Estimates and assumptions are continually evaluated. Changes in estimates are recognised in the period the change is made if the 
change only affected that period or in the period the change is made and in future periods if the change affects both current and 
future periods.
Important estimates and assessments are disclosed in the 2023 Annual Report on page 104.
Parent company
For the Parent Company Boozt AB (publ), the financial statements have been prepared in accordance with the Swedish Annual Accounts 
Act and the Swedish Financial Reporting Board’s recommendation RFR 2 Accounting for Legal Entities. The reporting currency is SEK and 
all figures in the interim report are rounded to the nearest million with one decimal point.
Note 2 - Segment reporting
SEK million Q3 2024 Q3 2023 9M 2024 9M 2023
Rolling 12 
months
NET REVENUE
Boozt.com 1,337 1,272 4,198 3,931 6,715
Booztlet.com 313 278 940 831 1,417
TOTAL NET REVENUE 1,651 1,550 5,138 4,762 8,131
EBIT
Boozt.com 25 38 80 93 226
Booztlet.com 2 15 24 24 61
TOTAL EBIT 28 53 104 117 287
EARNINGS BEFORE TAX
Boozt.com 18 24 64 74 207
Booztlet.com 1 14 19 19 55
EARNINGS BEFORE TAX 19 37 83 93 263
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 21 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _2 1
Note 3 - Financial instruments
30 Sep, 2023 (SEK million)
Finacial assets 
valued at 
amortised cost
Finacial 
liabilities valued 
at amortised 
cost
Financial 
instruments 
measured at fair 
value via income 
statement
Total carrying 
amount Fair value
Financial assets
Deposits 9 - - 9 9
Accounts receivables 67 - - 67 67
Other receivables 156 - 1 156 156
Cash and cash equivalents 704 - - 704 704
Total financial assets 935 0 1 936 936
Financial liabilities
Liabilities to credit institutions - 447 - 447 447
Accounts payables - 1,981 - 1,981 1,981
Other liabilities - 131 2 133 133
Lease liabilities - 493 - 493 493
Total financial liabilities 0 3,052 2 3,054 3,054
30 Sep, 2024 (SEK million)
Finacial assets 
valued at 
amortised cost
Finacial 
liabilities valued 
at amortised 
cost
Financial 
instruments 
measured at fair 
value via income 
statement
Total carrying 
amount Fair value
Financial assets
Deposits 11 - - 11 11
Accounts receivables 64 - - 64 64
Other receivables 149 - - 149 149
Cash and cash equivalents 641 - - 641 641
Total financial assets 865 0 0 865 865
Financial liabilities
Liabilities to credit institutions - 404 - 404 404
Accounts payables - 2,167 - 2,167 2,167
Other liabilities - 211 0 212 212
Lease liabilities - 522 - 522 522
Total financial liabilities 0 3,304 0 3,304 3,304
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 22 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _2 2
Revolving credit facility
The Group has a multicurrency revolving credit facility (RCF) with Danske Bank of SEK 200 million available for drawings in SEK, DKK, 
NOK and EUR, which can be used for general corporate and working capital purposes as well as potential acquisitions. The revolving 
credit facility agreement was entered into on February 17, 2020 and is set to expire in February 2025. Boozt is currently negotiating a 
new RCF.
Calculation of fair value
The Group has derivative instruments that comprise of foreign exchange forward used for hedging purposes, which are measured at 
fair value according to Level 2 of the valuation hierarchy. Derivative receivables amount to SEK 0 million (1). Other financial liabilities 
measured at fair value via income statement consists of earn-out from acquisitions of operations of SEK 0 million (2), of which some 
parts are conditional. Other financial liabilities measured at fair value can be found at Level 3 of the valuation hierarchy. The Group’s 
other financial assets and liabilities are considered to be close to the carrying amount, after which the carrying amount is estimated to be 
the same as the fair value. For a more detailed description of the Group’s classification and valuation of financial instruments please see 
Note 1 on page 103 and Note 28 on page 120 in the Annual Report 2023.
SEK million Q3 2024 Q3 2023 9M 2024 9M 2023
Rolling 12 
months
Interest income 2 5 13 16 21
Interest expenses -6 -6 -19 -20 -26
Interest expense leases -5 -4 -14 -8 -19
Net change in value of receivables measured at fair 
value via income statement
0 -10 0 -11 -1
Total net financial items -9 -15 -21 -24 -24
Note 4 - Investments
SEK million Q3 2024 Q3 2023 9M 2024 9M 2023
Rolling 12 
months
Acquisition of fixed assets (other capex) 0 -1 -4 -7 -4
Acquisition of fixed assets (warehouse capex) -12 -4 -92 -10 -96
Total -12 -5 -96 -18 -100
Acquisition of operations 0 0 -5 -3 -5
Change in financial assets 0 0 -2 -1 -1
Total 0 0 -7 -3 -6
Acquisition of intagible assets (capitalised 
development costs)
-27 -24 -81 -68 -106
Acquisition of intagible assets (other) -1 -3 -2 -7 -2
Total -27 -27 -83 -75 -108
Cash flow from investments -39 -32 -186 -96 -214
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 23 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _2 3
Parent company 
financial statements
Parent company income statement
SEK million Q3 2024 Q3 2023 9M 2024 9M 2023
Rolling 12 
months
Net revenue 33 30 103 84 185
Total operating income 33 30 103 84 185
Other external costs -2 -2 -8 -6 -10
Cost of personnel -30 -27 -94 -90 -164
Total operating costs -32 -29 -101 -96 -174
OPERATING PROFIT (EBIT) 1 1 2 -12 11
Financial income 0 0 0 27 1
Financial expenses -0 -0 -14 -0 -14
Net financial items 0 0 -14 27 -13
PROFIT AFTER FINANCIAL ITEMS 2 1 -12 14 -2
Group contributions 0 -1 0 -14 3
RESULT BEFORE TAX 2 0 -12 0 1
Income tax -0 0 -0 0 -0
PROFIT AND TOTAL COMPREHENSIVE PROFIT 
FOR THE PERIOD
1 0 -12 0 1
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

===== SIDA 24 =====

B O O Z T  G R O U PQ 3  2 0 2 4P A G E _2 4
Parent company financial position
SEK million Sep 30, 2024 Sep 30, 2023 Dec 31, 2023
Shares in Group companies 831 831 831
Shares in associated companies 16 27 27
Deferred tax asset 0 0 0
Total non-current assets 847 858 858
Other receivables 0 2 0
Receivables from Group companies 972 1,034 1,078
Current tax assets 0 0 0
Prepaid expenses and accrued income 1 1 1
Cash and cash equivalents 15 17 36
Total current assets 988 1,053 1,114
TOTAL ASSETS 1,835 1,912 1,973
SEK million Sep 30, 2024 Sep 30, 2023 Dec 31, 2023
Share capital 6 6 6
Total restricted equity 6 6 6
Share premium reserve 2,211 2,104 2,182
Retained earnings -443 -266 -355
Earnings for the period -12 0 27
Total unrestricted equity 1,755 1,839 1,854
TOTAL EQUITY 1,761 1,844 1,860
Other provisions 10 6 14
Total non-current liabilities 10 6 14
Accounts payable 0 1 1
Liabilities to Group companies 38 38 38
Other liabilities 8 2 17
Accrued expenses and prepaid income 18 22 43
Total current liabilities 64 62 99
TOTAL LIABILITIES 74 68 113
TOTAL EQUITY AND LIABILITIES 1,835 1,912 1,973
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _2 5
Audit
This report has been subject to a limited review by the Group’s auditors.
Signatures
The undersigned certify that this interim report gives a true and fair overview of the Parent Company’s and the Group’s operations, 
financial position, performance and describes the material risks and uncertainties facing the Parent Company and the companies in 
the Group.
November 5, 2024
Henrik Theilbjørn
Chairman of the Board
Aileen O'toole
Board member
Benjamin Büscher
Board member
Cecilia Lannebo
Board member
Jón Björnsson
Board member
Julie Wiese
Board member
Hermann Haraldsson
Group CEO
Review Report
BOOZT AB (PUBL), CORP. ID: 556793-5183
Introduction
We have reviewed the interim report for Boozt AB (publ) for the period January 1 – September 30, 2024. The Board of Directors and the 
President are responsible for the preparation and presentation of this interim report in accordance with IAS 34 and the Annual Accounts 
Act. Our responsibility is to express a conclusion on this interim report based on our review.
Scope of Review
We conducted our review in accordance with the International Standard on Review Engagements ISRE 2410, Review of Interim 
Financial Information Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons 
responsible for financial and accounting matters, and applying analytical and other review procedures. A review has a different focus 
and is substantially less in scope than an audit conducted in accordance with ISA and other generally accepted auditing practices. The 
procedures performed in a review do not enable us to obtain a level of assurance that would make us aware of all significant matters that 
might be identified in an audit. Therefore, the conclusion expressed based on a review does not give the same level of assurance as a 
conclusion expressed based on an audit.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the interim report is not, in all material respects, 
prepared for the Group in accordance with IAS 34 and the Annual Accounts Act, and for the Parent Company in accordance with the 
Annual Accounts Act.
Malmö, November 5, 2024 
Deloitte AB
Didrik Roos 
Authorized Public Accountant
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _2 6
Definitions of financial 
performance measures
The quarterly report contains certain performance measures that are not defined in accordance with IFRS (alternative performance 
measures). The performance measures included are used by investors, securities analysts and other stakeholders as additional 
measures of performance and financial position. The Group’s alternative performance measures are not necessarily comparable to 
similar measurements presented by other companies and have certain limitations as analytical tools. They should therefore not be 
considered separately from, or as a substitute for, the Group’s financial information prepared in accordance with IFRS.
Definitions, calculations, and rationale behind the use of included alternative performance measures are available on the Group’s 
website www.booztgroup.com/reports-and-presentations, “Q3 Report 2024” - "Financial data".
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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B O O Z T  G R O U PQ 3  2 0 2 4P A G E _2 7
Financial calendar
February 7, 2025
Interim Financial Report for Q4 2024 (January-December 2024)
March 24, 2025
Annual report 2024
April 24, 2025
Annual General Meeting 2025
Consolidated financial statements are available at www.booztgroup.com.
In case of enquiries or questions, please contact:
Magnus Thorstholm Jensen, Head of Investor Relations
matj@boozt.com / +45 30 50 44 02
This report is such information as Boozt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the 
Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 8.00 
CET on November 5, 2024.
This report may contain forward-looking information that is based on the present expectations of Boozt’s management. No assurance 
may be given that these expectations will prove to be correct. Actual outcomes may deviate significantly from what is reflected in the 
forward-looking information due to changed conditions relating to the economy, market or competition, changes in legal requirements 
and other political measures, fluctuations in exchange rates and other factors outside of Boozt’s control.
HIGHLIGHTS BUSINESS REVIEW FINANCIAL STATEMENTS ADDITIONAL INFORMATION

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Contact details
Address: Hyllie Boulevard 35, 215 37 Malmö, Sweden 
Phone: +46 40 12 80 05 
E-mail: info@boozt.com  
www.booztgroup.com  
Org. nr: 556793-5183
VAT nr: SE556793518301