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

Executive Summary

  • 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. expects to report an EBITDA margin of around 10%.

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