Newly floated etailer Boohoo.com has reported that adjusted EBITDA soared over 200% in its year to February 28 in line with market forecasts.
Boohoo.com did not disclose a figure for its full year EBITDA but the etailer made £3.9m the year before. Unaudited sales for the year is in excess of £109m, jumping 62%.
The company said that the “continued strong growth is being generated by boohoo.com’s rapidly expanding customer base both in the UK and overseas.”
Boohoo floated earlier this month. The fashion etailer has been valued at £560m as its management team plans to use the proceeds to drive its international growth.
However, after an early surge in its share price, it has sunk back down to 50.75p per share, just 0.75p above its float price.