Boohoo sales fall and profits halve


Boohoo has posted a drop in revenue in its year-end results, but said it was making progress on a return to growth in the second half of next year. 

The pressure of the cost-of-living crisis and increased competition saw profits halved, with adjusted EBITDA at £63.3m, down 49% for the period, with an adjusted EBITDA margin of 3.6%. 

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