# boohoo group plc Strong growth across all brands in all regions

- Link: https://www.directorstalkinterviews.com/boohoo-group-plc-strong-growth-across-all-brands-in-all-regions/412764123
- Published: 2019-01-15T07:12:23+00:00
- Author: Giles Arbor

**[boohoo](https://www.directorstalkinterviews.com/company/boohoo/boo.l) group plc**(
LON: BOO) has today provided the following trading statement for the four months
ended 31 December 2018.

  |   |

Four months to 31 December

  |

Ten months to 31 December

  |  
 |

£ million

  |

FY19

  |

        FY18

  |

  Increase

  |

CER^((1))

  |

       FY19

  |

        FY18

  |

  Increase

  |

CER^((1))

  |  
 |

Group total revenue

  |

328.2

  |

228.2

  |

        44%

  |

43%

  |

723.5

  |

491.1

  |

47%

  |

46%

  |  
 |

Revenue by region

  |   |   |   |   |   |   |   |   |  
 |

  UK

  |

180.0

  |

135.7

  |

33%

  |

33%

  |

414.0

  |

299.0

  |

38%

  |

38%

  |  
 |

  ROE^((2))

  |

44.4

  |

28.2

  |

57%

  |

54%

  |

95.7

  |

56.0

  |

71%

  |

63%

  |  
 |

  USA

  |

70.4

  |

39.6

  |

78%

  |

80%

  |

138.6

  |

79.2

  |

75%

  |

77%

  |  
 |

  ROW^((3))

  |

33.4

  |

24.7

  |

35%

  |

32%

  |

75.2

  |

56.9

  |

32%

  |

29%

  |  
 |   |   |   |   |   |   |   |   |   |   |

 

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

**Highlights**

**Group**

· Strong revenue growth of 44% (43% CER) across all geographic regions

· Gross margin for the four months 54.2%, up 170bps

· Strong balance sheet with net cash of £189 million (31 December 2017: £127 million)

**boohoo**

· Revenue £163.5 million, up 15% (14% CER). Year-to-date revenue £372.5 million,
up 15% (13% CER)

· Gross margin for the four months 52.2%, up 150bps

**PrettyLittleThing**

· Revenue £144.2 million, up 95% (96% CER). Year-to-date revenue £312.8 million,
up 114% (115% CER)

· Gross margin for the four months 56.4%, up 110bps

**Nasty Gal**

· Revenue £20.6 million, up 74% (76% CER). Year-to-date revenue £38.3 million, up
89% (93% CER)

· Gross margin for the four months 54.4% (2018: 55.3%)

**Guidance**

Group revenue growth for the financial year to 28 February 2019 is expected to be
43% to 45%, ahead of our previous guidance of 38% to 43%. We expect group adjusted
EBITDA margins to be between 9.25% and 9.75%, narrowing the range from the 9% to
10% as previously guided. All other guidance remains unchanged.

> **Mahmud Kamani and Carol Kane, Boohoo Group plc Joint CEOs, commented:**
> “We are delighted to be reporting yet another great set of financial and operational
> results and would like to say a very big thank you to all our team and customers.
> We remain firmly focused on continuing to provide our customers with great fashion
> at unbeatable value. The global growth opportunity is significant and we will 
> be addressing it in a controlled way – investing in our proposition, operations
> and infrastructure to capitalise on the opportunity.”

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