Boozt will invest SEK 500 million in the current fulfilment center in Ängelholm to improve utilisation and to expand storage and automated sorting capacity to support future revenue growth and thus further improve the fulfilment cost ratio. The current infrastructure at Boozt Fulfilment Center allows for up to SEK 10-11 billion in net revenue, implying an increase of close to 50%.
To further leverage the company's historical investments in automation, Boozt will establish an additional storage facility located close to the existing fulfilment center, which will serve as a buffer for high quantity items and allow for fast refill of products benefitting storage capacity, utilisation and ultimately the return on invested capital. The new facility will consist of 25.000 square meters with the option to expand over time.
The expansion of storage capacity and throughput automation will be carried out modularly and is expected to be installed in the period from 2025-2027, as needed to support growth and improvements in productivity.
Finally, to cater for any additional future expansion, Boozt has secured access to a plot in the close proximity of the current facility extending the lifetime of the current fulfilment campus substantially and with a potential to establish an additional 140,000 square meters when needed.
For additional information, please contact:
Hermann Haraldsson / Group CEO / Phone: +45 20 94 03 95 / Email: [email protected]
Sandra Gadd / Group CFO / Phone: +46 768 27 61 18 / Email: [email protected]
Ask Kirkeskov Riis / Media Relations / Phone: +45 50 40 85 11 / Email: [email protected]
This information is information that Boozt is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-04-25 17:46 CEST.
Boozt AB