Boohoo.com H1 revenues jump 106 percent

Boohoo.com’s group revenue for the half year increased by 106 percent or 101 percent CER on the previous year to 262.9 million pounds (352 million dollars), with the company witnessing revenue growth across all territories and brands. The company said, adjusted EBITDA was 27.8 million pounds (37 million dollars), an increase of 68 percent on the prior half year, with planned investments in the customer proposition and marketing in rapidly growing sectors of the group leading to an adjusted EBITDA margin of 10.6 percent against 13 percent last year. Profit before tax was 20.3 million pounds (27 million dollars), an increase of 41percent and earnings per share rose to 1.25p, an increase of 24 percent.