Shares of Manchester-based online fashion giant Boohoo.com plc rose about 10% on Wednesday after it said its revenue soared 48% to £856.9 million and adjusted profit before tax rose 49% £76.3 million in the year to February 28.
In its outlook, Boohoo.com added: “Trading in the first few weeks of the financial year has been encouraging.
“Group revenue growth for the financial year is expected to be 25% to 30% with an adjusted EBITDA margin of around 10% and capital expenditure in the region of £50 to £60 million …”
The firm’s boohoo business saw revenue rise 16% to £434.6 million, while its PrettyLittleThing business enjoyed a revenue boost of 107% to £374.4 million, and its Nasty Gal unit saw revenue soar 96% to £47.9 million.
Boohoo.com’s new CEO John Lyttle said: “I am very excited to have joined the boohoo group at this key stage of its growth, with the group’s disruptive and proven business model having delivered yet another excellent set of financial and operational results.
“In my short time within the business, I am delighted to have been able to meet a number of hugely talented people and have already been able to see many parts of the business.
“This has confirmed my belief and optimism that the group’s investments into its brands and infrastructure have allowed it to develop a scalable multi-brand platform that is well-positioned to disrupt, gain market share and capitalise on what is a truly global opportunity.”