Boohoo Group (LSE: BOO) FY18 Results: Sales Nearly Double and Profits Jump on Acquisitions

Executive Summary

• Boohoo.com reported a 96.8% jump in revenues to £579.8 million in FY18, slightly above the consensus estimate of £574.9 million, as recorded by S&P Capital IQ, and above the guidance provided previously.
• Strong revenue growth at PrettyLittleThing (PLT) and a steady increase in revenues at Nasty Gal drove performance during the year.
• Boohoo.com guided for revenue growth in the range of 35%–40%, adjusted EBITDA margin in the range of 9%–10% and capex of £50–£60 million.