boohoo has continued to trade strongly in the final two months of the year to February. As a result management are increasing FY17 guidance at the sales and EBITDA levels in this morning’s pre-close trading update. Headline sales growth is now expected to be c.50%, ahead of the previously guided range of 46% to 48% given on 10th January. This results in a 1.5% increase in revenue forecasts. The EBITDA margin is now expected to be at the top of the previously guided range of 11% to 12% a
28 Feb 2017
Pre-close update: Lift in FY17 guidance yet again, benefit of improved operating leverage
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Pre-close update: Lift in FY17 guidance yet again, benefit of improved operating leverage
boohoo group Plc (BOO:LON) | 33.9 0 0.3% | Mkt Cap: 429.7m
- Published:
28 Feb 2017 -
Author:
Rachel Birkett, CFA -
Pages:
5
boohoo has continued to trade strongly in the final two months of the year to February. As a result management are increasing FY17 guidance at the sales and EBITDA levels in this morning’s pre-close trading update. Headline sales growth is now expected to be c.50%, ahead of the previously guided range of 46% to 48% given on 10th January. This results in a 1.5% increase in revenue forecasts. The EBITDA margin is now expected to be at the top of the previously guided range of 11% to 12% a