REG - boohoo.com plc - Trading Update <Origin Href="QuoteRef">BOOH.L</Origin>

BoohooAnnouncement

16/07/2015 10:14

RNS Number : 6912P
boohoo.com plc
10 June 2015
For immediate release
10 June 2015
boohoo.com plc - trading update for the three months ended 31st May 2015
"The Global Fashion Leader for a Social Generation"
'000
Three months ended 31st May 2015
FY16
FY15
Increase
CER
Sales
41,322
30,659
35%
37%
 UK
26,273
20,686
27%
27%
 ROE
4,943
3,891
27%
45%
 ROW
10,106
6,082
66%
70%
Highlights for the three months ended 31st May 2015
 Revenue up 35% (37% CER)
 Gross margin 60.6%
 3.3m active customers, up 32% on prior year
 Continued strong performance in the rest of the world region
 Good response to spring/summer marketing campaigns
 58m cash on balance sheet
Commentary
We have seen a good start to the financial year with improved momentum in the UK supported by our spring/summer #WeAreUS campaign. Sales in the UK were up 27% in the quarter as we continued to grow our share of traffic, acquire new customers and increase order frequency with existing customers on the back of planned increases in marketing spend and investment in our customer proposition.
International sales grew strongly and now represent 36% of group sales as we have executed on our strategy of concentrating on fewer key markets. Rest of Europe sales increased by 27% in the quarter despite significant Euro headwinds (45% CER). Growth in the rest of world segment accelerated to 66% during the quarter (70% CER), driven by continued investment in price and focussed marketing initiatives.
Joint Chief Executives Mahmud Kamani and Carol Kane commented:
"We continue to build boohoo.com for the long term and our clear objective is to deliver sustainable future growth. We remain absolutely focussed on the execution of our strategy to continue to invest in our customer proposition and build market share in our key markets. 
Our investments in the warehouse are on track and we plan to begin partial utilisation of the warehouse extension from July. Whilst we have invested in accelerating our growth during the quarter, our important peak trading periods are yet to come. The Board's expectations for full year profit remain unchanged."
Analyst/Investor conference call:
boohoo.com will host a conference call for analyst and investors at 9.00am (UK time) today. Dial in details:
From rest of world:  +44 (0)20 3428 1542
From UK (toll free): 0808 237 0040
Participant Pass Code: 28569356#
Enquiries
boohoo.com plc
Mahmud Kamani, Joint Chief Executive
Carol Kane, Joint Chief Executive
Neil Catto, Chief Financial Officer
Benjamin Robertson, Investor Relations
c/o Buchanan Tel: +44 (0)20 7466 5000
ben.robertson@boohoo.com
Tel: +44 77 6851 1056
Buchanan - Financial PR adviser
Richard Oldworth
Helen Chan
Gabriella Clinkard
Tel: +44 (0)20 7466 5000
boohoo@buchanan.uk.com
Zeus Capital - Nominated adviser and joint broker
Nick Cowles
Andrew Jones
John Goold
Tel: +44 (0)161 831 1512
Tel: +44 (0)20 7533 7727
Jefferies Hoare Govett - joint broker
Nick Adams
Max Jones
Ben Bailey
Tel: +44 (0)20 7029 8000
About boohoo.com
"24/7 Global Fashion"
Keeping one step ahead of the trends or making a subtle style change is easy with boohoo.com and with up to 100 pieces hitting the site every day and a new collection each week, boohoo.com never stops - it's 24/7 fashion at its best.
From the UK's best kept fashion secret to one of the fastest growing own brand, international e-tailers, boohoo.com has quickly evolved into a global fashion leader of its generation. Combining cutting-edge, aspirational design with an affordable price tag, boohoo.com has been pushing boundaries since 2006 to bring its customers all the latest looks for less.
www.boohoo.com
www.boohoo.com/newz
fr.boohoo.com
www.boohoo.com/europe
www.boohoo.com/sweden
de.boohoo.com
www.boohoo.com/usa
www.boohoo.com/denmark
it.boohoo.com
www.boohoo.com/canada
www.boohoo.com/norway
nl.boohoo.com
www.boohoo.com/aus
es.boohoo.com
Appendix - prior period revenues
Revenue by period for the year ending 28th February 2015
'000s
Q1
yoy %
yoy %
CER
Q2
yoy %
yoy %
CER
Sales
30,659
24%
30%
36,538
37%
41%
 UK
20,686
44%
44%
24,919
50%
50%
 ROE
3,891
36%
40%
4,828
50%
61%
 ROW
6,082
(20)%
(6)%
6,791
0%
8%
'000s
4m to Dec
yoy %
yoy %
CER
2m to Feb
yoy %
yoy %
CER
FY15
yoy %
yoy %
CER
Sales
50,793
25%
27%
21,854
22%
24%
139,845
27%
31%
 UK
34,179
26%
26%
14,555
13%
13%
94,339
33%
33%
 ROE
6,464
35%
41%
2,903
32%
46%
18,086
39%
47%
 ROW
10,150
19%
24%
4,396
56%
59%
27,420
7%
16%
CER in this appendix is calculated using exchange rates prevailing during the year ending 28 February 2015.
Nomenclature: ROE - rest of Europe; ROW - rest of world; yoy - year-on-year; CER - constant exchange rate

This information is provided by RNS
The company news service from the London Stock Exchange
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