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14 January 2021 The information contained within this announcement is deemed by the company to constitute inside information stipulated under the Market Abuse Regulation ( EU ) No. 596/2014 . Upon the publication of this announcement via the Regulatory Information Service , this inside information is now considered to be in the public domain . boohoo group plc - trading statement for the four months ended 31 December 2020 ( " boohoo " or " the Group " ) Strong peak trading performance and update on Agenda for Change Four months to 31 December £ million FY21 FY20 Increase CER ( 1 ) FY21 Ten months to 31 December FY20 Increase CER ( 1 ) Group total revenue 660.8 473.7 40 % 40 % 1,477.3 1,038.5 42 % 42 % Revenue by region UK 357.2 255.8 40 % 40 % 787.4 570.7 38 % 38 % ROE ( 2 ) 90.4 69.6 30 % 32 % 214.1 157.1 36 % 36 % USA 167.7 110.6 52 % 51 % 370.0 221.3 67 % 67 % ROW ( 3 ) 45.5 37.7 20 % 24 % 105.8 89.4 18 % 20 % ( 1 ) CER designates Constant Exchange Rate translation of foreign currency revenue . ( 2 ) ROE is rest of Europe . ( 3 ) ROW is rest of world . Group Highlights • Strong revenue growth of 40 % in four months , with growth across all brands and geographies Significant progress made on Agenda for Change programme • Successful integration and re - launch of Oasis and Warehouse brands onto our multi - brand platform • Gross margin for the four months 53.0 % , down 50 bps year on year Net cash of £ 386.9 million ( 31 August 2020 : £ 344.9 million ) , providing financial flexibility to support future growth Close to finalising an extension of UK warehousing capacity , with a new site to open in April 2021 , creating up to 1,000 jobs Guidance Following the strong peak trading performance , Group revenue growth for the financial year to 28 February 2021 is expected to be 36 % to 38 % , ahead of our previous guidance of 28 % to 32 % . The Group continues to expect to deliver an adjusted EBITDA margin for the year at around 10 % despite COVID- 19 related headwinds for distribution costs , planned gross margin investment and accelerated discretionary customer acquisition spend . Our medium - term guidance remains for 25 % sales growth per annum and a 10 % adjusted EBITDA margin , reflecting the Board's confidence in the Group's prospects as it continues to invest to support growth and raise standards across its supply chain . Brexit The Group has implemented operational systems designed to minimise the impact of Brexit on its customer proposition in Europe . The Group does however expect a small cost headwind , predominantly from higher distribution and administrative costs , which the Group will seek to mitigate where possible . UK operations update The Group is close to finalising an extension of UK warehousing capacity ( " UK3 " ) with a new site to open in April 2021 that will support the creation of up to 1,000 jobs in the first 12 months of operation . The site is intended to be utilised by the Nasty Gal , Karen Millen , Coast , Oasis and Warehouse brands , with a transition expected over the course of the first half of the next financial year . The addition of UK3 will free up capacity within our existing network as we develop these facilities to support future expansion plans .