boohoo.com plc Trading Update & Notice of Interim Results (5955G)
August 09 2016 - 2:00AM
UK Regulatory
TIDMBOO
RNS Number : 5955G
boohoo.com plc
09 August 2016
For Immediate Release 9 August 2016
boohoo.com plc - trading update and notice of interim results
announcement
"The Global Fashion Leader for a Social Generation"
boohoo.com plc, ('the Company'), will be announcing its results
for the six months to 31 August 2016 on 27 September 2016. The
board is making this statement to update the market on trading
since the Company's three month trading update for the period ended
31 May 2016, announced on 8 June 2016.
The Company has performed well during the first five months of
the year and the start to August has been encouraging. Demand has
been robust and sales momentum in the first quarter has continued
into the second quarter. Sell through of seasonal stock has been
strong through the Spring and Summer season.
Consequently, the board now anticipates that the results for the
current year will be above expectations with increased sales growth
of between 28% and 33% (against previous guidance of 25% to 30%).
As a result of operating leverage in the business, the board
currently anticipates improved EBITDA margins for the financial
year and further guidance will be given at the interim results in
September. The board continues to be positive about the trading
environment for boohoo.com.
This announcement has been determined to contain inside
information.
Enquiries
boohoo.com plc c/o Buchanan Tel: +44 (0)20 7466 5000
Mahmud Kamani, Joint Chief Executive
Carol Kane, Joint Chief Executive
Neil Catto, Chief Financial Officer
Buchanan - Financial PR adviser Tel: +44 (0)20 7466 5000
Richard Oldworth boohoo@buchanan.uk.com
Hannah Brandstaetter
Madeleine Seacombe
Zeus Capital - Nominated adviser and Tel: +44 (0)161 831 1512
joint broker
Nick Cowles/Andrew Jones (Corporate Tel: +44 (0)20 3829 5000
Finance)
John Goold/Benjamin Robertson (Corporate
Broking)
Jefferies Hoare Govett - joint broker
Nick Adams Tel: +44 (0)20 7029 8000
Max Jones
About boohoo.com
"24/7 Global Fashion"
Keeping one step ahead of the trends or making a subtle style
change is easy with boohoo.com and with up to 100 pieces hitting
the site every day and a new collection each week, boohoo.com never
stops - it's 24/7 fashion at its best.
From the UK's best kept fashion secret to one of the fastest
growing own-brand, international etailers, boohoo.com has quickly
evolved into a global fashion leader of its generation. Combining
cutting-edge, aspirational design with an affordable price tag,
boohoo.com has been pushing boundaries since 2006 to bring its
customers all the latest looks for less.
www.boohoo.com www.boohoo.com/newz/page/home fr.boohoo.com
www.boohoo.com/europe/page/home www.boohoo.com/sweden/page/home de.boohoo.com
www.boohoo.com/usa/page/home www.boohoo.com/denmark/page/home it.boohoo.com
www.boohoo.com/canada/page/home www.boohoo.com/norway/page/home nl.boohoo.com
www.boohoo.com/aus/page/home es.boohoo.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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