Business
Interim Results
Interim Results.
About this update from Boohoo Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4592N\n boohoo group plc\n 30 September 2021\n \n \n \n \n 30 September 2021\n \n \n \n \n \n The information contained within this announcement is deemed by the company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended) (\"UK MAR\"). Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n \n \n boohoo group plc - interim results for the six months ended 31 August 2021\n \n \n \n \n \n \"Leading the fashion eCommerce market\"\n \n \n \n \n \n Record first half sales of £976 million and Investing for the Future\n \n \n · \n \n Doubled market share in the UK and US over the last two years. Total group sales +73% since 1H20\n \n \n \n · \n \n Significantly enhanced target addressable market, with up to 500 million potential customers in key markets\n \n \n \n · \n \n Integration and relaunch of four new brands in the first half, including Debenhams marketplace\n \n \n \n · \n \n Increased warehousing and distribution capacity, capable of supporting over £4\n \n billion of net sales\n \n \n \n · \n \n £85 million of Adjusted EBITDA, down 5% vs. exceptional levels of profitability last year, and up +40% since 1H20, despite £26\n \n million of freight and logistics cost inflation \n \n \n \n · \n \n Record capital expenditure of £172 million in H1, putting in place the platform for future growth\n \n \n \n · \n Opening a new distribution centre in North America in 2023, significantly strengthening our proposition\n \n \n \n \n \n \n \n \n \n \n \n \n 6 months to 31 August 2021\n \n \n (1H22)\n \n \n \n \n 6 months to 31 August 2020 (1H21)\n \n \n \n \n Change 2021 on 2020\n \n \n \n \n 6 months to 31 August 2019\n \n \n (1H20)\n \n \n \n \n Change 2021 on 2019(1)\n \n \n \n \n \n \n \n \n \n \n \n \n \n £ million\n \n \n \n \n £ million\n \n \n \n \n \n \n \n \n \n \n \n £ million\n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n 975.9\n \n \n \n \n 816.5\n \n \n \n \n +20%\n \n \n \n \n 564.9\n \n \n \n \n +73%\n \n \n \n \n \n \n Gross profit\n \n \n \n \n 533.3\n \n \n \n \n 449.2\n \n ...