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Boohoo Group (LSE: BOO) 1H20 Results: Revenues and EPS Beat Consensus Again; Raises FY20 Guidance

Executive Summary

  • Boohoo Group reported 1H20 total revenues of £564.9 million, up 43% year over year and above the consensus estimate of £553.0 million recorded by StreetAccount.
  • Boohoo’s 1H20 adjusted EBITDA margin expanded 80bps to 10.8%.
  • For FY20, the group raised revenue guidance in the range of 33% – 38% against previous guidance of 25% – 30% and maintained adjusted EBITDA margin of about 10%.

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