boohoo has continued to trade strongly since the interim results on 27th September and through the Black Friday weekend and key peak season period. As a result, management have increased FY17 guidance for sales growth to between 38-42%, against previous guidance of between 30-35%. Improved operating leverage in the business leads to an increase in EBITDA margin guidance to between 11-12% against previous guidance of c.11%. In addition, boohoo has announced the acquisition of 66% of PrettyLitt

14 Dec 2016
Strong trading leads to fifth upgrade of the year, acquisition of PrettyLittleThing

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Strong trading leads to fifth upgrade of the year, acquisition of PrettyLittleThing
boohoo group Plc (DEBS:LON) | 22.5 0.2 5.1% | Mkt Cap: 314.0m
- Published:
14 Dec 2016 -
Author:
Rachel Birkett, CFA -
Pages:
5 -
boohoo has continued to trade strongly since the interim results on 27th September and through the Black Friday weekend and key peak season period. As a result, management have increased FY17 guidance for sales growth to between 38-42%, against previous guidance of between 30-35%. Improved operating leverage in the business leads to an increase in EBITDA margin guidance to between 11-12% against previous guidance of c.11%. In addition, boohoo has announced the acquisition of 66% of PrettyLitt