- Prachi Singh |
For the two months to February 28, 2015, Boohoo.com reported revenue increase of 22 percent. The company experienced strong performance in the Rest of the World. Gross margin was approximately 58 percent and there was a 29 percent rise in active customers over the prior year.The company continued to gain market share in the UK, achieving a 2.17 percent share of traffic in February 2015 according to Hitwise, a 12 percent improvement on the prior year. The Rest of Europe witnessed 46 percent constant currency growth. Group EBITDA margins are expected to be in line with previous guidance of approximately 10 percent for the year.
Commenting on the development, Joint Chief Executives, Mahmud Kamani and Carol Kane said, "We continue to build our business for the long term, as we stated at our IPO last year, and our clear objective is to deliver sustainable growth.” Boohoo.com expects to announce results for the full year on May 6, 2015.
For the year to February 28, 2015, the company expects revenue rise of 27 percent and gross margin of approximately 61 percent. EBITDA margin for the year is expected to be about 10 percent. Product range continued to be expand during the period under review with the launch of boohoo Petite and boohoo FIT.