Today’s figures are clear evidence of both Boohoo’s successful business model and growth strategy, with PBT/EPS doubling in FY17, c2% better than forecast. The balance sheet remains strong with unchanged net cash of £58m despite the acquisition and increased capex spend. Guidance today signals sales/EBITDA growth in FY18 in line with our current forecasts, with higher Pretty Little Thing growth expected (both sales and EBITDA) offset by more modest Nasty Gal growth. Management has taken a lot on ....
26 Apr 2017
N+1 Singer - Boohoo.com - Strong continuing momentum in BOO and PLT, cautious start for NG
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N+1 Singer - Boohoo.com - Strong continuing momentum in BOO and PLT, cautious start for NG
boohoo group Plc (BOO:LON) | 32.5 -0.1 (-1.4%) | Mkt Cap: 412.8m
- Published:
26 Apr 2017 -
Author:
Matthew McEachran -
Pages:
4
Today’s figures are clear evidence of both Boohoo’s successful business model and growth strategy, with PBT/EPS doubling in FY17, c2% better than forecast. The balance sheet remains strong with unchanged net cash of £58m despite the acquisition and increased capex spend. Guidance today signals sales/EBITDA growth in FY18 in line with our current forecasts, with higher Pretty Little Thing growth expected (both sales and EBITDA) offset by more modest Nasty Gal growth. Management has taken a lot on ....