Boohoo Group (LSE: BOO) FY17 Results: A Stellar Year and More to Come

Executive Summary

• Boohoo.com grew FY17 revenues by 49% at constant exchange rates, with US revenues up 124% at constant rates.
• Reduced marketing spend and the leveraging effects of scale helped double operating profit to £30 million.
• For FY18, the company forecasts sales will grow by a further 50%, helped by its acquisition of PrettyLittleThing (PLT) and Nasty Gal. Boohoo.com expects to report an EBITDA margin of around 10%.