boohoo.com has announced results for the year ended February 2018, with Group performance coming in ahead of ZC estimates. Revenue of £579.8m is up 97% YoY (92% CER) and 3.4% ahead of estimates with growth across all geographies and contribution from new brands PrettyLittleThing and Nasty Gal. Gross margin is down 180bps as a result of increased promotional activity that has helped to deliver top line growth. Adj. EBITDA of £56.9m, +60% YoY, a 7.0% beat on forecasts with adj. PBT
25 Apr 2018
Multi-branded outperformance
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Multi-branded outperformance
boohoo group Plc (BOO:LON) | 33.7 0 0.0% | Mkt Cap: 428.1m
- Published:
25 Apr 2018 -
Author:
Rachel Birkett, CFA -
Pages:
13
boohoo.com has announced results for the year ended February 2018, with Group performance coming in ahead of ZC estimates. Revenue of £579.8m is up 97% YoY (92% CER) and 3.4% ahead of estimates with growth across all geographies and contribution from new brands PrettyLittleThing and Nasty Gal. Gross margin is down 180bps as a result of increased promotional activity that has helped to deliver top line growth. Adj. EBITDA of £56.9m, +60% YoY, a 7.0% beat on forecasts with adj. PBT