Boohoo to meet City hopes after sales jump 62%

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Online fashion retailer today said its first set of results as a listed company should show a 62 per cent jump in annual sales to more than £109 million.

The firm, which joined London’s Alternative Investment Market earlier this month, said its full-year results should meet City hopes, with underlying pre-tax profits predicted to more than treble.

Boohoo is due to report its results on 12 June and said its strong growth is being generated by its “rapidly expanding customer base both in the UK and overseas”.

The company sells its products in more than 100 countries and targets fashion-conscious shoppers aged between 16 and 24.