Boohoo ups revenue growth; PrettyLittleThing surges

Manchester-based online fashion giant plc said in a trading update on Tuesday its revenue growth for the financial year to February 28, 2019, is expected to be 43% to 45%, ahead of its 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,” said

“All other guidance remains unchanged.”

Mahmud Kamani and Carol Kane, joint CEOs, said: “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.”

In the four months ended December 31, 2018, group revenue rose 44% to £328.2 million, with boohoo revenue up 15% to £163.5 million, PrettyLittleThing revenue surging 95% to £144.2 million, and Nasty Gal revenue up 74% to £20.6 million.