boohoo.com raises revenues guidance

Online fashion group boohoo.com has raised revenue guidance after a record for months to the end of December.

Group revenues rose to a record £228.2m in period up from £114.3m a year ago (an increase of 93% at constant exchange rates) with growth was spread across all geographic regions.

It said group revenue growth for the financial year was now expected to be around 90%, ahead of the previous guidance of around 80%, which was raised from 60% at the interim results in late September.

The group now expects adjusted EBITDA margins to be between 9.25% and 9.75%, narrowing the range from the 9% to 10% as guided at the interim results.

Joint chief executives Mahmud Kamani and Carol Kane said: 'We are delighted to report another set of strong financial and operational results, with record sales in the four months to December across all our brands.

'The Black Friday period was our most successful ever and we traded well throughout the period under review. boohoo has continued to perform well, delivering strong revenue growth on increasingly challenging comparatives last year.

' PrettyLittleThing has continued to deliver exceptional results and Nasty Gal is making excellent progress in its first year.

'Our focus remains on the customer proposition: offering the best range of the latest fashion at affordable prices, coupled with great customer service.'