Trading since the Q1 update in June has continued to be strong, ahead of expectations, and as a result management are increasing full year guidance in terms of both sales and EBITDA margin. We are revising our sales growth to 30% (versus 27.5%) for the full year, in-line with increased guidance of 28- 33%, and as a result of increased operating leverage coming through in the business, an improved EBITDA margin is anticipated. Although no specific guidance is provided today regarding this, we
09 Aug 2016
Strong trading update drives more upgrades
Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
Strong trading update drives more upgrades
boohoo group Plc (DEBS:LON) | 11.4 -0.1 (-6.3%) | Mkt Cap: 159.3m
- Published:
09 Aug 2016 -
Author:
Rachel Birkett, CFA -
Pages:
8 -
Trading since the Q1 update in June has continued to be strong, ahead of expectations, and as a result management are increasing full year guidance in terms of both sales and EBITDA margin. We are revising our sales growth to 30% (versus 27.5%) for the full year, in-line with increased guidance of 28- 33%, and as a result of increased operating leverage coming through in the business, an improved EBITDA margin is anticipated. Although no specific guidance is provided today regarding this, we