Good morning!Coverage might be a little bit limited today but we’ll see how it goes.First up, I will mention the boohoo results:Boohoo.Com (LON:BOO)Share price: 184p (-3%)No. shares: 1123.3mMarket cap: £2,067mFinal ResultsGross profits are up 42%, growing at a lower rate than the 51% revenue increase:Revenue £294.6 million (2016: £195.4 million)Gross margin 54.6% (2016: 57.8%)Profit before tax increases to £30.9 million (from £15.7 million).The contribution from PrettyLittleThing begins on from the start of January (until the February year-end).Outlook:The outlook comments remain positive: Trading in the first few weeks of the
2018 financial year has made a promising start and we are excited about
the prospects of our development into a multi-branded business. We
expect group revenue growth approaching 50%(1) over 2017, which includes growth from the recent acquisitions, and a group EBITDA margin of approximately 10%.”The main boohoo brand is expected to grow revenue at a rate of 25%, with the rest of the growth coming from the acquisitions of PrettyLittleThing (which is expected to have an organic growth rate of 35%) and Nasty Gal.So the…
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