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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Boohoo Group Plc | AQSE:BOO.GB | Aquis Stock Exchange | Ordinary Share | JE00BG6L7297 | Ordinary Share 1p |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 34.50 | 33.00 | 36.00 | 34.50 | 33.57 | 34.50 | 288,786 | 16:29:38 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMBOO
RNS Number : 4946A
boohoo.com plc
08 June 2016
For Immediate Release 8 June 2016
boohoo.com plc - trading update for the 3 months ended 31 May 2016
"The Global Fashion Leader for a Social Generation"
Hot Features
Premium
GBP'000s 3 months to 31 May
----------------------- --------------------------------------------------
FY17 FY16 yoy % yoy % CER
----------------------- ---------- ---------- --------- ---------------
Total revenue 58,222 41,322 41% 42%
----------------------- ---------- ---------- --------- ---------------
Revenue by region
---------------------------------------------------------------------------
UK 37,396 26,273 42% 42%
----------------------- ---------- ---------- --------- ---------------
ROE 6,938 4,943 40% 43%
----------------------- ---------- ---------- --------- ---------------
ROW 13,888 10,106 37% 40%
----------------------- ---------- ---------- --------- ---------------
Highlights for the three months ended 31 May 2016
-- Revenue up 41% (42% CER) -- Strong UK performance supported by third party sales
-- Retail gross margin 57.6%, down 300 bps on prior year, driven by planned investments in price and customer proposition
-- Marketing expenditure reduced as a percentage of sales, offsetting retail margin decline -- Overall gross margin 56% -- 4.2 million active customers, up 30% on prior year -- GBP61m cash on balance sheet
Joint Chief Executives Mahmud Kamani and Carol Kane commented:
"We are encouraged by our performance in the first quarter, with revenue growth in all geographic regions and slightly ahead of our expectations. Our international business continues to gather momentum and accounts for 36% of revenue.
Profitability has improved as marketing expenditure, as a percentage of revenue, has been reduced, in line with our strategy of improving the customer proposition to build customer lifetime value.
We continue to broaden our product range, increase our fashion appeal and offer incredible prices. Active customer numbers, order frequency, basket size and conversion continue to climb.
Our warehouse expansion programme continues with the fit-out of three additional mezzanine floors nearing completion and planning is underway for a new building on the adjacent site to meet our future capacity requirements.
We now expect sales growth for the financial year of between 25% and 30%. We expect EBITDA margins in line with last year although we will look at opportunities to drive incremental growth by investing in the customer proposition and our international markets. We continue to execute on our strategy and refine our ecommerce platform to deliver a market-leading shopping experience for fashionable product at incredible prices."
Investor and Analyst conference call
boohoo.com will host a conference call for analysts and investors at 8.00am (UK time) today. Dial in details:
UK Toll Number: 020 3428 1542 UK Toll-Free Number: 080 8237 0040 Participant Pass Code: 42918453#
For international dial in numbers please see the following link: http://events.arkadin.com/ev/docs/FEL_Events_International_Access_List.pdf
Enquiries
boohoo.com plc c/o Buchanan Tel: +44 (0)20 7466 5000 Mahmud Kamani, Joint Chief Executive Carol Kane, Joint Chief Executive Neil Catto, Chief Financial Officer Buchanan - Financial PR adviser Tel: +44 (0)20 7466 5000 Richard Oldworth boohoo@buchanan.uk.com Hannah Brandstaetter Madeleine Seacombe Zeus Capital - Nominated adviser and Tel: +44 (0)161 831 1512 joint broker Nick Cowles/Andrew Jones (Corporate Tel: +44 (0)20 3829 5000 Finance) John Goold/Benjamin Robertson (Corporate Broking) Jefferies Hoare Govett - joint broker Nick Adams Tel: +44 (0)20 7029 8000 Max Jones
About boohoo.com
"24/7 Global Fashion"
Keeping one step ahead of the trends or making a subtle style change is easy with boohoo.com and with up to 100 pieces hitting the site every day and a new collection each week, boohoo.com never stops - it's 24/7 fashion at its best.
From the UK's best kept fashion secret to one of the fastest growing own-brand, international etailers, boohoo.com has quickly evolved into a global fashion leader of its generation. Combining cutting-edge, aspirational design with an affordable price tag, boohoo.com has been pushing boundaries since 2006 to bring its customers all the latest looks for less.
www.boohoo.com www.boohoo.com/newz/page/home fr.boohoo.com www.boohoo.com/europe/page/home www.boohoo.com/sweden/page/home de.boohoo.com www.boohoo.com/usa/page/home www.boohoo.com/denmark/page/home it.boohoo.com www.boohoo.com/canada/page/home www.boohoo.com/norway/page/home nl.boohoo.com www.boohoo.com/aus/page/home es.boohoo.com
Appendix - prior period revenues
Revenue by period for the year to 28 February 2017
GBP'000s 3m to 31 May
---------- -------------------------------
FY17 FY16 yoy yoy
% % CER
---------- ------- ------- ---- -------
Total 58,222 41,322 41% 42%
---------- ------- ------- ---- -------
Sales by region
-------------------------------------------
UK 37,396 26,273 42% 42%
---------- ------- ------- ---- -------
ROE 6,938 4,943 40% 43%
---------- ------- ------- ---- -------
ROW 13,888 10,106 37% 40%
---------- ------- ------- ---- -------
Revenue by period for the year to 29 February 2016
GBP'000s 3m to 31 May 3m to 31 August 6m to 31 August
---------- ------------------------------- ----------------------------- -----------------------------
FY16 FY15 yoy yoy FY16 FY15 yoy yoy FY16 FY15 yoy yoy
% % CER % % % %
CER CER
---------- ------- ------- ---- ------- ------- ------- ---- ----- ------- ------- ---- -----
Total 41,322 30,659 35% 37% 49,462 36,538 35% 40% 90,784 67,197 35% 39%
---------- ------- ------- ---- ------- ------- ------- ---- ----- ------- ------- ---- -----
Sales by region
------------------------------------------- ------- ------- ---- ----- ------- -----
UK 26,273 20,686 27% 27% 32,855 24,919 32% 32% 59,128 45,605 30% 30%
---------- ------- ------- ---- ------- ------- ------- ---- ----- ------- ------- ---- -----
ROE 4,943 3,891 27% 45% 5,460 4,828 13% 26% 10,403 8,719 19% 34%
---------- ------- ------- ---- ------- ------- ------- ---- ----- ------- ------- ---- -----
ROW 10,106 6,082 66% 70% 11,147 6,791 64% 81% 21,253 12,873 65% 75%
---------- ------- ------- ---- ------- ------- ------- ---- ----- ------- ------- ---- -----
GBP'000s 4m to 31 December 2m to 29 February 12m to 29 February
---------- ------------------------------- ----------------------------- -------------------------------
FY16 FY15 yoy yoy FY16 FY15 yoy yoy FY16 FY15 yoy yoy
% % CER % % % %
CER CER
---------- ------- ------- ---- ------- ------- ------- ---- ----- -------- -------- ---- -----
Total 73,692 50,793 45% 49% 30,918 21,861 41% 40% 195,394 139,851 40% 42%
---------- ------- ------- ---- ------- ------- ------- ---- ----- -------- -------- ---- -----
Sales by region
------------------------------------------- ------- ------- ---- ----- -------- -----
UK 49,701 34,179 45% 45% 21,267 14,558 46% 46% 130,096 94,342 38% 38%
---------- ------- ------- ---- ------- ------- ------- ---- ----- -------- -------- ---- -----
ROE 8,588 6,464 33% 44% 3,639 2,903 25% 20% 22,630 18,086 25% 35%
---------- ------- ------- ---- ------- ------- ------- ---- ----- -------- -------- ---- -----
ROW 15,403 10,150 52% 63% 6,012 4,400 37% 33% 42,668 27,423 56% 63%
---------- ------- ------- ---- ------- ------- ------- ---- ----- -------- -------- ---- -----
Nomenclature: ROE - rest of Europe; ROW - rest of world; yoy - year-on-year; CER - constant exchange rate
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUGUGUQUPQGQM
(END) Dow Jones Newswires
June 08, 2016 02:00 ET (06:00 GMT)
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