Revenues continue to soar at online fashion giant

Revenues are showing no sign of slowing down at online fashion giant Boohoo.

The Manchester firm saw a 39% increase in revenues to £254.3m over the last three months according to a trading update.

The firm has come under fire from unions in recent months and founder Mahmud Kamani is facing a £118m legal claim.

But there is no sign of the firm’s incredible success story coming to end any time soon.

Demand for Boohoo’s accessible fashion increased across all areas.

Revenues in the UK were up 27% and international revenues soared by 56%.

In recent months the firm acquired the brand and intellectual property assets of MissPap

Revenue at the Boohoo brand was £123.5m up 27% , with growth accelerating from last year.

And PrettyLittleThing saw revenues of £112.1m up 42%, with continued strong growth in all markets.

Nasty Gal revenues were £18.2m, an increase of 153%, with gathering momentum in all markets

The firm said trading in the first quarter has been strong.

Boohoo is predicting revenue growth to be 25% to 30% with an adjusted EBITDA margin of around 10% for the full year.

John Lyttle, who took over as chief executive in March, said: “The group has made a strong start to the year as we continue to disrupt and capture market share in the UK and internationally across all our brands.

“I’m delighted that the Group topped the UK Hitwise rankings in May for the first time, demonstrating how our multi-brand strategy is really capturing our customers’ attention.

“We have ambitious plans for the group, and continue to invest to ensure that our scalable multi-brand platform is well-positioned to disrupt, gain market share and capitalise on the global opportunity in front of us.”

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