Year End Trading Update

RNS Number : 5220D

boohoo.com plc

31 March 2014

 

31 March 2014

boohoo.com plc

("boohoo.com" or the "Company")

Year End Trading Update

boohoo.com, one of the UK's largest pure-play online, own brand fashion retailers, is today providing a trading update for the year ended 28 February 2014.

The Board is pleased to confirm that the year to 28 February 2014 finished in line with market expectations with unaudited net revenues in excess of £109 million, being a year on year increase of 62%. Statutory adjusted EBITDA for the period is expected to be in line with market forecasts, being an increase of over 200% on the previous year (2013: £3.9m).

This continued strong growth is being generated by boohoo.com's rapidly expanding customer base both in the UK and overseas.

The Company will announce its audited results for the year ended 28 February 2014 on 12 June 2014.

Enquiries:

boohoo.com plc Mahmud Kamani, Joint Chief Executive Carol Kane, Joint Chief Executive Neil Catto, Chief Financial Officer Ben Robertson, Investor Relations	c/o Buchanan [phone] [e-mail]
Buchanan - Financial PR adviser Richard Oldworth Helen Chan Gabriella Clinkard	[phone] [e-mail]
Zeus Capital - Nominated adviser and broker Corporate Finance Nick Cowles Andrew Jones Institutional Sales John Goold Dom King	Tel: [phone] Tel: [phone]

About boohoo.com

boohoo.com is one of the UK's largest pure-play online, own brand fashion retailers. The Company designs, sources, markets and sells own brand clothing, shoes and accessories through the www.boohoo.com website to a core market of 14-35 year old consumers in the UK and globally.

boohoo.com is focused on selling the latest on-trend fashions across a range of aspirational, but value orientated, boohoo branded products.  Founded in 2006, boohoo.com has grown rapidly, developing a brand identity and an international online proposition for consumers, and now has over 2.3 million active customers. 

 

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