Boohoo posts strong revenue and profit growth

Revenues at Boohoo Group Plc for the year increased by 44 percent at current and constant exchange to 1.235 billion pounds (1.52 billion dollars) with strong revenue growth across all territories and brands. However, since the middle of March, trading has been mixed, as a result of the impact of the Covid-19 pandemic, initially with a marked decrease in year-on-year growth. Boohoo said performance has improved in more recent weeks and it now anticipates improved year-on-year growth of group sales during April but remains cautious regarding our outlook, as a result of the uncertainty caused by the pandemic.