boohoo continues to exceed expectations, delivering Q1 group revenue growth of some 106% to £120.1m, with standout like-for-like revenue growth of 78%. Significantly, the group has also announced plans to construct a brand new automated ‘super-site’ that will provide boohoo with an additional £2bn of net sales capacity. The c.£150m of capex required will be invested over the next three years and will be funded by a £50m equity placing alongside cash generat
08 Jun 2017
106% group growth delivered in Q1, £50m new equity to fund capex enabling £3bn sales
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106% group growth delivered in Q1, £50m new equity to fund capex enabling £3bn sales
boohoo group Plc (BOO:LON) | 33.5 0 0.1% | Mkt Cap: 425.3m
- Published:
08 Jun 2017 -
Author:
Rachel Birkett, CFA -
Pages:
7
boohoo continues to exceed expectations, delivering Q1 group revenue growth of some 106% to £120.1m, with standout like-for-like revenue growth of 78%. Significantly, the group has also announced plans to construct a brand new automated ‘super-site’ that will provide boohoo with an additional £2bn of net sales capacity. The c.£150m of capex required will be invested over the next three years and will be funded by a £50m equity placing alongside cash generat