boohoo reports headline revenue growth in the four months to 31 December 2015 of 45% (49% CER) YoY, ahead of our expectations of 35%, driven by impressive 45% growth in the UK. Rest of Europe grew 33% (44% CER), an improvement from 19% delivered in H1 (34% CER), while strong growth was yet again reported in Rest of World at 52% (63% CER). As a result we are upgrading our FY16 sales estimates by 2.3% to £189.2m (£185.0m) and FY17 by 4.8% to £232.8m (£222.1m). We maintai

12 Jan 2016
boohoo reassures by delivering 45% (49% CER) top-line growth during key trading period

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boohoo reassures by delivering 45% (49% CER) top-line growth during key trading period
boohoo group Plc (BOO:LON) | 32.3 0 (-0.2%) | Mkt Cap: 409.6m
- Published:
12 Jan 2016 -
Author:
Rachel Birkett, CFA -
Pages:
4 -
boohoo reports headline revenue growth in the four months to 31 December 2015 of 45% (49% CER) YoY, ahead of our expectations of 35%, driven by impressive 45% growth in the UK. Rest of Europe grew 33% (44% CER), an improvement from 19% delivered in H1 (34% CER), while strong growth was yet again reported in Rest of World at 52% (63% CER). As a result we are upgrading our FY16 sales estimates by 2.3% to £189.2m (£185.0m) and FY17 by 4.8% to £232.8m (£222.1m). We maintai