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boohoo group plc Continued strong growth across all brands in all regions

boohoo group plc (LON: BOO) has today provided a trading statement for the three months ended 31 May 2019.

Three months to 31 May
£ million            FY20                           FY19  IncreaseCER(1)
Group total revenue254.3183.6                           39 %39%
Revenue by region


(1) CER designates Constant Exchange Rate translation of foreign currency revenue. (2) ROE is rest of Europe. (3) ROW is rest of world.



· Revenue £254.3 million, up 39% (39% CER(1))

· Strong revenue growth across all geographies with UK up 27% and international up 56%

· Gross margin 55.0% (1Q19: 55.2%)

· Strong balance sheet with net cash of £194 million (1Q19: £151 million)

· Acquired the brand and intellectual property assets of MissPap


· Revenue £123.5 million up 27% (28% CER), with growth accelerating from last year

· Gross margin 54.1%, (1Q19: 52.0%)


· Revenue £112.1 million up 42% (42% CER), with continued strong growth in all markets

· Gross margin 55.9%, (1Q19: 58.7%)

Nasty Gal

· Revenue £18.2 million up 153% (157% CER), with gathering momentum in all markets

· Gross margin 56.1%, (1Q19: 58.9%)


Trading in the first quarter has been strong. At this stage of the year, we continue to expect Group revenue growth to be 25% to 30% with an adjusted EBITDA margin of around 10% for FY20. All other guidance remains unchanged.

John Lyttle, Boohoo Group plc CEO, commented:

“The Group has made a strong start to the year as we continue to disrupt and capture market share in the UK and internationally across all our brands. I’m delighted that the Group topped the UK Hitwise rankings in May for the first time, demonstrating how our multi-brand strategy is really capturing our customers’ attention. We have ambitious plans for the Group, and continue to invest to ensure that our scalable multi-brand platform is well-positioned to disrupt, gain market share and capitalise on the global opportunity in front of us.”

Appendix – prior period revenues by region

Revenue by period for the year to 29 February 2020 (FY20)

£’0003m to 31 May

FY20FY19yoy %yoy % CER

Revenue by region

Revenue by period for the year to 28 February 2019 (FY19)

£’0004m to 31 December2m to 28 February12m to 28 February

FY19FY18yoy %yoy % CERFY19FY18yoy %yoy %CERFY19FY18yoy % yoy %CER

Revenue by region

£’0003m to 31 May3m to 31 August6m to 31 August

FY19FY18yoy %yoy % CERFY19FY18yoy %yoy %CERFY19FY18yoy % yoy %CER

Revenue by region