Executive Summary

• Boohoo Group reported 1H20 total revenues of £564.9 million, up 43% year over year and above the consensus estimate of £553.0 million recorded by StreetAccount.
• Boohoo’s 1H20 adjusted EBITDA margin expanded 80bps to 10.8%.
• For FY20, the group raised revenue guidance in the range of 33% – 38% against previous guidance of 25% – 30% and maintained adjusted EBITDA margin of about 10%.