Boohoo Group PLC (LSE:BOO)
£ 0.3112 -0.001 (-0.32%) Market Cap: 434.43 Mil Enterprise Value: 690.13 Mil PE Ratio: 0 PB Ratio: 2.66 GF Score: 51/100
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Q1 2020 Boohoo Group PLC Trading Statement Call Transcript

Jun 12, 2019 / 08:30AM GMT
Release Date Price: £2.33 (+1.04%)
Operator

Hello, everyone, and welcome to the boohoo group plc trading update. (Operator Instructions) And just to remind you, the conference call is being recorded. Today, I am pleased to present John Lyttle, Chief Executive Officer. Please begin your meeting.

John William Lyttle
boohoo group plc - CEO & Director

Good morning, everybody, and thank you for taking the time to join us this morning for our Q1 trading update call. I'm joined here by Mahmud, Carol and Neil. And firstly I'm going to take you through the Q1 update, and then we'll open up the call to Q&A after that. And first of all on the group performance. We feel that these results demonstrate yet another strong trading performance for the group and a great start to the year with sales up 39%. We're delighted with the headway and market share gains that we're seeing in all of our markets, which is exactly what our platform of brands are focused on delivering.

In the U.K. sales grew 27%, which we believe to be well ahead of the wider market when you consider recent reports. For example, weak

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