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Boozt Interim Financial Report - H1 2021 JANUARY 1 - JUNE 30 2021 Financials Net revenue of SEK 1,476.3 million and a net revenue growth of 20.2 % ( local currency " 23 % ) . Net revenue growth of 18.8 % for Boozt.com and 30.0 % for Booztlet.com vs. Q2 2020 and 51.8 % for Boozt.com and 232 % for Booztlet.com vs. Q2 2019 . Gross margin of 39.8 % ( 41.5 ) Adjusted EBIT margin of 6.8 % ( 11.5 ) Earnings per share of SEK 0.94 ( 1.58 ) and after dilution SEK 0.92 ( 1.56 ) Free cash flow of SEK 32.3 million ( 470.7 ) SEK million unless otherwise indicated GROUP Net revenue Gross profit EBIT Second Quarter highlights Net revenue of SEK 2,613.8 million and a net revenue growth of 31.1 % ( local currency " 35 % ) . Net revenue growth of 27.2 % for Boozt.com and 57.2 % for Booztlet.com vs. H1 2020 and 47.2 % for Boozt.com and 266.9 % for Booztlet.com vs. H1 2019 Gross margin of 40.0 % ( 37.8 ) Adjusted EBIT margin of 6.5 % ( 4.0 ) Year - to - date financial highlights Outlook for 2021 Net revenue growth Adjusted EBIT margin Apr 1 - Jun 30 , 2021 1,476.3 588.3 80.9 100.0 61.1 32.3 20.2 % 39.8 % Apr 1 - Jun 30 , 2020 5.5 % 6.8 % 1,228.2 509.3 120.3 141.0 91.0 470.6 36.7 % 41.5 % Significant events Acquisition of 66.7 % of the shares in Rosemunde ApS ( via Everyday Luxury Feeling A / S ) 9.8 % 11.5 % Earnings per share of SEK 1.60 ( 0.19 ) and after dilution of SEK 1.56 ( 0.19 ) Free cash flow of SEK -203.6 million ( 447.9 ) impacted by investments to expand fulfilment operations and inventory build up for the new season Adjusted EBIT * Earnings for the period Free cash flow * -16.5 pp Net revenue growth ( % ) * -1.6 pp Gross margin , ( % ) * -4.3 pp EBIT margin , ( % ) -4.7 pp Adjusted EBIT margin , ( % ) * Rounding differences may affect the summations . * The figure is an Alternative Performance Measure , see pages 28-31 . Change 20.2 % 15.5 % -32.8 % -29.1 % -32.8 % -93.1 % Jan 1 - Jun 30 , 2021 2,613.8 1,046.3 Outlook as of August 13 , 2021 Between 27.5-32.5 % Above 5.5 % 139.1 168.7 104.1 -203.6 31.1 % 40.0 % 5.3 % 6.5 % Boozt AB ( publ ) , Org.nr. 556793-5183 Jan 1 Jun 30 , 2020 CEO Hermann Haraldsson says : " I am proud that we managed to grow our business in Q2 with 23 % in local currency especially taking into consideration the strong performance last year and the fact that reopening of societies is slower than we expected . On top our profitability continues to be best - in - class and the customer satisfaction is at an all - time high . 1,994.2 753.6 32.5 80.1 10.9 447.9 23.8 % 37.8 % 1.6 % 4.0 % With the strong performance in the first six months and a promising start to the second half , we upgrade our guidance for net revenue growth and reiterate our expectations to deliver an industry leading EBIT margin . The priority for the rest of 2021 , and the foreseeable future , is growth . Trying to draw lessons from other industries , we strive to gain scale to stay competitive and relevant for the future . " Prior outlook Between 25-30 % Above 5.5 % Change 31.1 % 38.8 % 328 % 111 % 855 % n.m. 7.3 pp 2.2 pp 3.7 pp 2.4 pp The outlook assumes constant currencies from the time of this announcement and for the remainder of the financial year and includes impact from acquired operations . Reported 2020 27.3 % 6.7 %