Boohoo raises guidance on strong H1 performance

In its results statement for the six months to August 31, 2018, Boohoo Group Plc said revenues reached 395.3 million pounds, up 50 percent or 49 percent CER. The company expects group revenue growth for the year to February 28, 2019 to be 38 percent to 43 percent, up from our previous guidance of 35 percent to 40 percent, with adjusted EBITDA margin between 9 percent and 10 percent. Boohoo has reiterated the medium term guidance to deliver sales growth of at least 25 percent per annum and EBITDA margin of 10 percent.