boohoo group plc Trading Update (2738L)
05 Septiembre 2019 - 1:01AM
UK Regulatory
TIDMBOO
RNS Number : 2738L
boohoo group plc
05 September 2019
For Immediate Release 5 September 2019
The information contained within this announcement is deemed by
the company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
boohoo group plc
("boohoo" or the "Group")
Trading Update
boohoo group plc ('the Group') today announces a trading update
for the first half of its financial year, where performance has
been ahead of expectations with strong revenue growth driving
operating leverage across key brands.
Consequently, the board now anticipates that results for the
current financial year will be ahead of previous guidance, with
Group sales growth now expected to be between 33% and 38% (against
previous guidance of 25% to 30%). The board anticipates EBITDA
margins for the financial year to remain at around 10% (in line
with previous guidance), reflecting anticipated investments across
the financial year into the three brands acquired by the Group in
the first half.
Further guidance will be given at the Group's interim results on
25 September 2019.
Enquiries
boohoo group plc
Neil Catto, Chief Financial Officer Tel: +44 (0)161 233
2050
Alistair Davies, Investor Relations Tel: +44 (0)161 233
2050
Clara Melia, Investor Relations Tel: +44 (0)20 3289
5520
Zeus Capital - Nominated adviser and joint
broker
Nick Cowles/Andrew Jones (Corporate Finance) Tel: +44 (0)161 831
1512
John Goold/Benjamin Robertson (Corporate Tel: +44 (0)20 3829
Broking) 5000
Jefferies - Joint broker
Max Jones/Philip Noblet Tel: +44 (0)20 7029
8000
Buchanan - Financial PR adviser boohoo@buchanan.uk.com
Richard Oldworth/Sophie Wills/Kim Looringh-van Tel: +44 (0)20 7466
Beeck/Toto Berger 5000
About boohoo group plc
"Leading the fashion eCommerce market"
Founded in Manchester in 2006 by Mahmud Kamani and Carol Kane,
boohoo is an inclusive and innovative brand targeting young,
value-orientated customers. For 13 years, boohoo has been pushing
boundaries to bring its customers up-to-date and inspirational
fashion, 24/7. boohoo has grown rapidly in the UK and
internationally, expanding its offering with range extensions into
menswear, through boohooMAN.
In early 2017 the group extended its customer offering through
the acquisitions of the vibrant fashion brand PrettyLittleThing,
and free-thinking brand Nasty Gal and in March 2019 acquired the
MissPap brand. United by a shared customer value proposition, our
brands design, source, market and sell great quality clothes, shoes
and accessories at unbeatable prices. This investment proposition
has helped us grow from a single brand, into a major multi-brand
online retailer, leading the fashion eCommerce market around the
world. In August 2019, the group announced the acquisition of the
online businesses for renowned British fashion brands Karen Millen
and Coast, further extending the group's reach and target
market.
As at 28 February 2019, the boohoo group had around 13 million
active customer accounts across all its brands around the
world.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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September 05, 2019 02:01 ET (06:01 GMT)
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