Boohoo reports headline Q1 revenue growth of 35% (37% CER), versus 24% (30% CER) YoY growth in Q1 15. The UK is back on track with 27% sales growth, Rest of Europe also grew 27% (45% CER) while strong growth was yet again reported in Rest of World of 66% (70% CER). Although performance in Q1 has been strong and ahead of market expectations, we are not extrapolating the growth trajectory from Q1 into the rest of the year and note tougher comparatives going into Q2 (37%, 41% CER). We are theref
10 Jun 2015
Q1 16 Update – back on track
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Q1 16 Update – back on track
boohoo group Plc (BOO:LON) | 33.7 -0.2 (-2.0%) | Mkt Cap: 428.1m
- Published:
10 Jun 2015 -
Author:
Rachel Birkett, CFA -
Pages:
7
Boohoo reports headline Q1 revenue growth of 35% (37% CER), versus 24% (30% CER) YoY growth in Q1 15. The UK is back on track with 27% sales growth, Rest of Europe also grew 27% (45% CER) while strong growth was yet again reported in Rest of World of 66% (70% CER). Although performance in Q1 has been strong and ahead of market expectations, we are not extrapolating the growth trajectory from Q1 into the rest of the year and note tougher comparatives going into Q2 (37%, 41% CER). We are theref