Business
FY14 Preliminary Results and Q1 Trading Update
FY14 Preliminary Results and Q1 Trading Update.
About this update from Boohoo Group Plc
[{"type":"text","content":"\n \nRNS Number : 4208J boohoo.com plc 12 June 2014 \n \n\nFor Immediate Release 12 June 2014\n \nboohoo.com plc - Results for the year to 28 February 2014 and trading update for the three months to 31 May 2014\n \n\"The Global Fashion Leader for a Social Generation\"\n \n\n\n\n\n£'000\n\n\n28 February 2014\n\n\n28 February 2013\n\n\nChange\n \n\n\n\n\nRevenue\n\n\n109,791\n\n\n67,282\n\n\n63%\n\n\n\n\nGross profit\n\n\n64,912\n\n\n36,663\n\n\n77%\n\n\n\n\n Gross margin\n\n\n59.1%\n\n\n54.5%\n\n\n460bps\n\n\n\n\nOperating profit\n\n\n10,821\n\n\n3,286\n\n\n229%\n\n\n\n\nProfit before tax\n\n\n10,737\n\n\n3,184\n\n\n237%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPro forma gross profit (1)\n\n\n68,900\n\n\n43,269\n\n\n59%\n\n\n\n\n Pro forma gross margin (1)\n\n\n62.8%\n\n\n64.3%\n\n\n(150bps)\n\n\n\n\nPro forma EBITDA (1)\n\n\n16,007\n\n\n8,602\n\n\n86%\n\n\n\n\n(1): Adjustment to reflect direct sourcing by boohoo.com plc, not via (now discontinued) related party companies;\nEBITDA is pre-exceptional costs of £0.4m\n \nHighlights for the year to 28 February 2014\n· Revenue up 63% (international revenue 35% of total) \n· Gross margin 63% for the year\n· Pro forma EBITDA of £16.0m, ahead of expectations\n· 2.3m active customers(2), up 54% on prior year\n· Significant infrastructure investment in the warehouse and IT\n·  ...