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Boohoo.com revenues surge by 62%

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Manchester-based Boohoo.com saw its revenues grow by 62% last year, in line with market expectations.

The online fashion retailer, which raised £300m through an initial public offering earlier this month, said revenues rose to £109m for the year to the end of February.

Earnings before interest, taxes, depreciation and amortization for the period inceased 200% on the previous year.

The company said in a statement: “This continued strong growth is being generated by boohoo.com’s rapidly expanding customer base both in the UK and overseas.”

Boohoo.com was set up in 2006 by Mahmud Kamani and his business partner Carol Kane. Following its first day of trading on March 14, the company was valued at £560m.

It will announce full-year figures on June 12.

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