boohoo.com (AIM:BOO) excellent results should silence the doubters…...for now!
The online, own brand fashion retailer, which has mildly disappointed since arriving on AIM in March 2014, has announced excellent interim results, which may silence the doubters, at least for a while!
For the six months to 31 August 2015 revenue was up 35%, or 39% at Constant Exchange Rates (‘CER’) to £90.8m, operating profit up 38% to £5.976m and pre-tax profit up 39% to £6.27m. Operating cashflow was £13.1m and free cash flow £6.2m (after tax) boosting period end cash to £60.36m. That’s terrific growth, although it needs to be at the rating! The Group’s UK business was up 30%, rest of Europe up 19% (34% CER) and the rest of world up 65% (75% CER). While 3.5m active customers sounds impressive, and is up 32% on the prior year, surely…