Business
Preliminary Results
Preliminary Results.
About this update from Boohoo Group Plc
[{"type":"text","content":"\n \nRNS Number : 2734W boohoo.com plc 26 April 2016 \n\nFor Immediate Release 26 April 2016\n \n \n \n \nboohoo.com plc - results for the year ended 29 February 2016\n \n\"The Global Fashion Leader for a Social Generation\"\n \n\n\n\n\n£000\n\n\nYear ended 29 February 2016\n\n\nYear ended 28 February 2015\n\n\nChange\n \n\n\n\n\nRevenue\n\n\n195,394\n\n\n139,851\n\n\n+40%\n\n\n\n\nGross profit\n\n\n112,911\n\n\n85,045\n\n\n+33%\n\n\n\n\n Gross margin\n\n\n57.8%\n\n\n60.8%\n\n\n-300bps\n\n\n\n\nOperating profit\n\n\n15,046\n\n\n10,578\n\n\n+42%\n\n\n\n\nAdjusted EBITDA(1)\n\n\n18,711\n\n\n14,126\n\n\n+32%\n\n\n\n\nProfit before tax\n\n\n15,674\n\n\n11,068\n\n\n+42%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash at year end\n\n\n58,281\n\n\n54,146\n\n\n+£4.1m\n\n\n\n\nBasic earnings per share\n\n\n1.11p\n\n\n0.75p\n\n\n+48%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n(1): Adjusted EBITDA is pre-exceptional costs (2016: £nil; 2015: £1.3m) and share-based payment costs (2016: £0.6m; 2015: £0.3m)\n \nFinancial Highlights\n· Revenue up 40% (42% CER(1))\no UK up 38%, rest of Europe up 25% (35% CER), rest of world up 56% (63% CER)\no 33% of revenue generated outside the UK\n· Gross margin 57.8% (retail gross margin 58.8%)\n· Adjusted EBITDA £18.7 million, up 32%\n· Strong balance sheet with cash of £58.3 million and no debt\n \nOperational Highlights\n· Over 4.0 million active customers(2), up 34% on prior year\n· UK, USA and Australian apps launched and responsive websites introduced for European sites, improving mobile and tablet offering (now 66% of sessions)\n· International growth accelerated through focus on key markets\n· Warehouse extension completed and in use...