Boohoo Group Plc·Consumer Cyclical

Boohoo Group PLC (AIM:DEBS) has delivered underlying profits comfortably ahead of its own guidance For the year to February 2026, EBITDA came in at £53 million, marking a 36% improvement on the previous year, driven by a 76% surge in the second half. The online fashion retailer, which operates under the Debenhams brand, said this latter increase reflected the accelerating impact of a cost-cutting and restructuring programme begun after the group ran into financial difficulties.

Shares in Boohoo Group PLC (AIM:DEBS), which trades as Debenhams Group, after it raised £40 million in an oversubscribed share placing, with shares rising 5% to 19p. Strong investor demand, which exceeded £35 million, prompted an increase in the size of the fundraise.

Boohoo Group PLC shares fell after the online retailer announced plans for a £35 million fundraising at a slight discount. Notably, the shares fell 6.7% to 21p, above the proposed offer price of 20p.

Boohoo Group PLC is preparing to raise about £35 million from shareholders as it seeks to cut debt and give itself more breathing space. The online fashion retailer, now operating as Debenhams Group, said the planned equity fundraise, priced at 20p a share compared to the last close at 22.5p, will create additional liquidity and deliver what it called the “optimal capital structure”.

Boohoo Group PLC (AIM:DEBS), the online retailer trading as Debenhams, has raised its profit expectations for the year to February after enjoying further good trading in the festive period. The AIM-listed group said it now expects adjusted EBITDA for the year to end-February 2026 to be £50 million, ahead of previous guidance of approximately £45 million given at its interim results.
boohoo group plc, through its subsidiaries, operates as an online clothing retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company designs, sources, markets, and sells clothing, shoes, accessories, and beauty products for 16-to-45-year age customers. It provides its products under the boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Dorothy Perkins, Wallis, Burton, and Debenhams brands. boohoo group plc was founded in 2006 and is headquartered in Manchester, the United Kingdom.
Consumer Cyclical
Specialty Retail
5,079
2017-06-26
1.32