Interim report
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For immediate release 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 as it forms part of the domestic law of the United Kingdom by virtue of the European Union ( Withdrawal ) Act 2018 ( as amended ) ( " UK MAR " ) . Upon the publication of this announcement via the Regulatory Information Service , this inside information is now considered to be in the public domain . ● Record first half sales of £ 976 million and Investing for the Future Doubled market share in the UK and US over the last two years . Total group sales + 73 % since 1H20 Significantly enhanced target addressable market , with up to 500 million potential customers in key markets Integration and relaunch of four new brands in the first half , including Debenhams marketplace Increased warehousing and distribution capacity , capable of supporting over £ 4 billion of net sales ● ● boohoo group plc - interim results for the six months ended 31 August 2021 " Leading the fashion eCommerce market " Revenue £ 85 million of Adjusted EBITDA , down 5 % vs. exceptional levels of profitability last year , and up + 40 % since 1H20 , despite £ 26 million of freight and logistics cost inflation Record capital expenditure of £ 172 million in H1 , putting in place the platform for future growth Opening a new distribution centre in North America in 2023 , significantly strengthening our proposition Gross profit Gross margin Adjusted EBITDA ( ² ) % of revenue Adjusted EBIT ( ³ ) % of revenue Adjusted profit before tax ( 4 ) Adjusted diluted earnings per share ( 5 ) Net cash ( 6 ) at period end 6 months to 31 August 2021 ( 1H22 ) £ million 975.9 533.3 54.6 % 85.1 8.7 % 64.2 6.6 % 63.8 3.84p 98.4 6 months to 31 August 2020 ( 1H21 ) £ million 816.5 449.2 55.0 % 89.8 11.0 % 79.0 9.7 % 79.4 4.53p 344.9 Change 2021 on 2020 + 20 % + 19 % -40bps -5 % -230bps 30 September 2021 -19 % -310bps -20 % -15 % -246.5m 6 months to 31 August 2019 ( 1H20 ) £ million 564.9 306.6 54.3 % 60.8 10.8 % 51.3 9.1 % 51.9 2.91p Change 2021 on 2019 ( ¹ ) + 73 % + 74 % + 30bps + 40 % -210bps + 25 % -250bps + 23 % 32 % 207.3 -108.9m John Lyttle , Group CEO , commented : " Looking back over the last 18 months the Group has delivered an excellent operational and robust financial performance , and that is a testament to all who have helped deliver this . We are delighted to have doubled our market share in key markets such as the UK and US , have significantly expanded our target addressable market through selective acquisitions and are excited about the global potential for all of our brands . In the first half of this financial year , our teams have yet again delivered : integrating four new brands , launching two new warehouses and strengthening our infrastructure in a manner that will allow our multi - brand platform to scale as planned . Entering the second half of the year , the Group is well - positioned to accelerate its growth and our confidence in the Group's medium term targets remain unchanged . We will continue to invest across our platform , people and technology as we look to further cement our position as a leader in global fashion ecommerce . " 1