UK's Boohoo reports 27% increase in FY revenue, up to £139.9m

By

Cajsa Lykke Carlson

Published
May 6, 2015

Boohoo.com, the British e-tailer that is taking on Asos, has reported a 27% increase in full year revenue in the year to February 28, 2015, up to £139.9m.

Gross profit was up 31% to £85m, but operating profit declined by 2% to £10.6m. The company had an underlying EBITDA of £14.1m (10.1% of sales) in the period.

Boohoo reported strong growth both in the UK, where sales were up 33% to £94.4m, and globally. Sales in the rest of Europe rose by 47% to £18.1m, and in the rest of the world by 16% to £27.4m. The return to growth in the rest of the world was driven by Australia turnaround and increased momentum in the US.

In summarizing, Boohoo said 2014/15 was a year of "progress and investment" with the SS15 marketing campaign receiving a good response. For the current financial year, it sees UK momentum recovering and continuing momentum internationally, with the focus on key markets.