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Boohoo Group (LSE: BOO) FY19 Results: Top Line and EPS Beat Consensus; Strong FY20 Outlook

Executive Summary

  • Boohoo Group reported FY19 total sales of £856.9 million, up 47.0% at constant currency and 48.0% as reported, and beating the consensus estimate of £843.9 million recorded by StreetAccount.
  • Boohoo’s FY19 adjusted EBITDA margin expanded 5 basis points (bps) to 9.9% and ahead of the consensus estimate of 9.6% recorded by StreetAccount.
  • For FY20, the Group expects to report revenue growth in the range of 25% to 30% and an adjusted EBITDA margin of about 10%.

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