Boohoo profits rocket as international sales surge
Boohoo’s profits almost doubled in its first half as the etailer recorded “strong revenue growth” across its markets.
The online fashion business posted an 83% surge in pre-tax profit to £45.2m during the six months to August 31.
On an adjusted basis, stripping out exceptional costs, pre-tax profit grew 45% to £51.8m, while adjusted EBITDA climbed 53% to £60.7m.
Boohoo said revenues across the group advanced 43% to £564.9m in its first half, spearheaded by a 55% spike in international sales, which now account for 44% of group revenues. Sales from its domestic UK business were up 35%.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.